Nutrien Ltd. (NYSE:NTR) Shares Sold by Bfsg LLC

Bfsg LLC trimmed its holdings in Nutrien Ltd. (NYSE:NTR) by 20.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,484 shares of the company’s stock after selling 6,037 shares during the quarter. Bfsg LLC’s holdings in Nutrien were worth $1,166,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in NTR. Fairway Wealth LLC acquired a new stake in shares of Nutrien in the fourth quarter valued at approximately $27,000. Assetmark Inc. grew its holdings in Nutrien by 1,437.5% in the 4th quarter. Assetmark Inc. now owns 738 shares of the company’s stock valued at $33,000 after buying an additional 690 shares in the last quarter. Principal Securities Inc. increased its stake in shares of Nutrien by 138.1% in the 4th quarter. Principal Securities Inc. now owns 931 shares of the company’s stock worth $42,000 after acquiring an additional 540 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Nutrien by 4,866.7% during the 1st quarter. GAMMA Investing LLC now owns 1,043 shares of the company’s stock worth $52,000 after acquiring an additional 1,022 shares during the period. Finally, Lindbrook Capital LLC boosted its position in shares of Nutrien by 50.6% during the 4th quarter. Lindbrook Capital LLC now owns 1,247 shares of the company’s stock valued at $56,000 after acquiring an additional 419 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NTR. Oppenheimer raised their price objective on shares of Nutrien from $58.00 to $63.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 13th. Royal Bank Of Canada raised their price target on shares of Nutrien from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Monday, May 12th. Scotiabank lowered shares of Nutrien from an “outperform” rating to a “sector perform” rating and set a $62.00 price target on the stock. in a research report on Thursday, May 22nd. Raymond James Financial cut Nutrien from an “outperform” rating to a “market perform” rating and set a $68.00 price objective on the stock. in a report on Tuesday. Finally, CIBC raised their target price on Nutrien from $64.00 to $66.00 and gave the stock an “outperformer” rating in a research note on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $61.94.

Nutrien Stock Performance

Shares of Nutrien stock opened at $61.95 on Wednesday. The stock has a market capitalization of $30.21 billion, a price-to-earnings ratio of 57.89, a price-to-earnings-growth ratio of 1.14 and a beta of 0.81. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.22 and a quick ratio of 0.59. The business has a 50-day moving average of $56.94 and a 200 day moving average of $52.22. Nutrien Ltd. has a 12 month low of $43.70 and a 12 month high of $65.08.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.24). The business had revenue of $4.67 billion for the quarter, compared to analyst estimates of $5.16 billion. Nutrien had a return on equity of 6.08% and a net margin of 2.05%. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.46 EPS. As a group, sell-side analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 30th will be given a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date is Monday, June 30th. Nutrien’s dividend payout ratio is currently 203.74%.

About Nutrien

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.