Nutrien Ltd. (NYSE:NTR) Shares Sold by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC lessened its stake in Nutrien Ltd. (NYSE:NTR) by 12.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 33,144 shares of the company’s stock after selling 4,899 shares during the period. Gateway Investment Advisers LLC’s holdings in Nutrien were worth $1,646,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Nutrien in the fourth quarter worth $241,958,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Nutrien by 159.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,435,627 shares of the company’s stock worth $242,976,000 after acquiring an additional 3,341,169 shares in the last quarter. Barclays PLC grew its stake in shares of Nutrien by 192.7% in the fourth quarter. Barclays PLC now owns 411,056 shares of the company’s stock worth $18,395,000 after acquiring an additional 854,543 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Nutrien by 11.3% in the fourth quarter. Deutsche Bank AG now owns 7,105,057 shares of the company’s stock worth $317,951,000 after acquiring an additional 721,935 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Nutrien by 30.3% in the fourth quarter. Geode Capital Management LLC now owns 3,022,551 shares of the company’s stock worth $137,202,000 after acquiring an additional 702,948 shares in the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on NTR shares. The Goldman Sachs Group boosted their price target on shares of Nutrien from $53.00 to $59.00 and gave the stock a “sell” rating in a research note on Friday, May 9th. Mizuho boosted their price target on shares of Nutrien from $52.00 to $55.00 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. Bank of America boosted their price target on shares of Nutrien from $60.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, May 14th. Scotiabank downgraded shares of Nutrien from an “outperform” rating to a “sector perform” rating and set a $62.00 price target for the company. in a research note on Thursday, May 22nd. Finally, Wells Fargo & Company lifted their price objective on shares of Nutrien from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Monday, May 12th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $61.44.

Nutrien Price Performance

Shares of NTR opened at $59.78 on Monday. Nutrien Ltd. has a 1-year low of $43.70 and a 1-year high of $60.84. The stock has a market cap of $29.15 billion, a PE ratio of 43.64, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82. The firm has a fifty day moving average price of $55.13 and a 200 day moving average price of $51.54.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.24). Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The company had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $5.16 billion. During the same period last year, the firm earned $0.46 earnings per share. Nutrien’s revenue was down 5.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 30th will be given a $0.545 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.18 dividend on an annualized basis and a yield of 3.65%. Nutrien’s dividend payout ratio (DPR) is presently 203.74%.

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.