Barings LLC Lowers Position in Nutrien Ltd. (NYSE:NTR)

Barings LLC trimmed its stake in Nutrien Ltd. (NYSE:NTR) by 15.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 130,607 shares of the company’s stock after selling 23,939 shares during the quarter. Barings LLC’s holdings in Nutrien were worth $5,845,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Uncommon Cents Investing LLC grew its holdings in Nutrien by 2.1% in the fourth quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company’s stock valued at $517,000 after purchasing an additional 235 shares during the period. Rhumbline Advisers grew its holdings in Nutrien by 3.5% in the fourth quarter. Rhumbline Advisers now owns 7,398 shares of the company’s stock valued at $331,000 after purchasing an additional 247 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Nutrien by 6.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,309 shares of the company’s stock valued at $207,000 after purchasing an additional 263 shares during the period. FFT Wealth Management LLC grew its holdings in Nutrien by 0.9% in the fourth quarter. FFT Wealth Management LLC now owns 29,732 shares of the company’s stock valued at $1,330,000 after purchasing an additional 277 shares during the period. Finally, Meixler Investment Management Ltd. grew its holdings in Nutrien by 4.2% in the third quarter. Meixler Investment Management Ltd. now owns 7,159 shares of the company’s stock valued at $344,000 after purchasing an additional 288 shares during the period. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NTR has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised shares of Nutrien from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $40.00 to $50.00 in a research report on Monday, January 13th. TD Securities reduced their price target on shares of Nutrien from $63.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Mizuho lifted their price target on shares of Nutrien from $52.00 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $60.00 price target on shares of Nutrien in a research report on Monday, February 24th. Finally, CIBC lifted their price target on shares of Nutrien from $64.00 to $66.00 and gave the company an “outperformer” rating in a research report on Tuesday, February 25th. One equities research 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $60.13.

Nutrien Trading Down 0.2 %

NTR opened at $51.03 on Friday. The stock has a market capitalization of $24.96 billion, a PE ratio of 37.24, a P/E/G ratio of 1.19 and a beta of 0.81. The firm’s fifty day moving average price is $50.71 and its 200 day moving average price is $48.58. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82. Nutrien Ltd. has a 12-month low of $43.70 and a 12-month high of $60.87.

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

Nutrien Cuts Dividend

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

Nutrien Company 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.