Nutrien Ltd. (NYSE:NTR) Holdings Cut by Marco Investment Management LLC

Marco Investment Management LLC lowered its holdings in Nutrien Ltd. (NYSE:NTR) by 12.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,000 shares of the company’s stock after selling 700 shares during the period. Marco Investment Management LLC’s holdings in Nutrien were worth $224,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Goodman Financial Corp lifted its holdings in Nutrien by 4.6% in the third quarter. Goodman Financial Corp now owns 253,860 shares of the company’s stock worth $12,201,000 after acquiring an additional 11,058 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Nutrien by 10.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,742,351 shares of the company’s stock valued at $83,812,000 after purchasing an additional 157,932 shares during the period. Covea Finance increased its stake in shares of Nutrien by 21.9% in the fourth quarter. Covea Finance now owns 55,600 shares of the company’s stock valued at $2,485,000 after purchasing an additional 10,000 shares during the period. Wellington Management Group LLP increased its stake in shares of Nutrien by 12.2% in the third quarter. Wellington Management Group LLP now owns 1,396,887 shares of the company’s stock valued at $67,200,000 after purchasing an additional 151,596 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd increased its stake in shares of Nutrien by 78.8% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,495,282 shares of the company’s stock valued at $121,271,000 after purchasing an additional 1,100,000 shares during the period. Institutional investors own 63.10% of the company’s stock.

Nutrien Trading Down 0.2 %

Shares of NYSE:NTR opened at $51.03 on Friday. The stock has a market capitalization of $24.96 billion, a price-to-earnings ratio of 37.24, a PEG ratio of 1.19 and a beta of 0.81. Nutrien Ltd. has a 1-year low of $43.70 and a 1-year high of $60.87. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. The company has a 50 day moving average price of $50.71 and a 200 day moving average price of $48.57.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). The business had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $5.09 billion. Nutrien had a return on equity of 6.81% and a net margin of 2.62%. On average, research analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be issued a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date of this dividend is Monday, March 31st. Nutrien’s payout ratio is 159.12%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on NTR shares. UBS Group raised their price target on shares of Nutrien from $53.00 to $54.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. CIBC raised their price target on shares of Nutrien from $64.00 to $66.00 and gave the company an “outperformer” rating in a research note on Tuesday, February 25th. Mizuho raised their price target on shares of Nutrien from $52.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. TD Securities dropped their price target on shares of Nutrien from $63.00 to $61.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. upgraded shares of Nutrien from an “underweight” rating to a “neutral” rating and raised their price target for the company from $40.00 to $50.00 in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Nutrien currently has an average rating of “Moderate Buy” and a consensus price target of $59.94.

Nutrien Profile

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.