Glass Wealth Management Co LLC Sells 745 Shares of Nutrien Ltd. $NTR

Glass Wealth Management Co LLC decreased its stake in shares of Nutrien Ltd. (NYSE:NTR) by 1.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 46,940 shares of the company’s stock after selling 745 shares during the period. Nutrien makes up about 1.5% of Glass Wealth Management Co LLC’s portfolio, making the stock its 24th largest position. Glass Wealth Management Co LLC’s holdings in Nutrien were worth $2,734,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Public Sector Pension Investment Board boosted its position in shares of Nutrien by 0.4% during the first quarter. Public Sector Pension Investment Board now owns 47,329 shares of the company’s stock valued at $2,349,000 after buying an additional 200 shares during the last quarter. Blume Capital Management Inc. boosted its position in shares of Nutrien by 0.7% during the first quarter. Blume Capital Management Inc. now owns 31,796 shares of the company’s stock valued at $1,579,000 after buying an additional 220 shares during the last quarter. Weatherly Asset Management L. P. boosted its position in shares of Nutrien by 0.7% during the second quarter. Weatherly Asset Management L. P. now owns 38,799 shares of the company’s stock valued at $2,280,000 after buying an additional 266 shares during the last quarter. Mesirow Financial Investment Management Inc. boosted its position in shares of Nutrien by 5.9% during the first quarter. Mesirow Financial Investment Management Inc. now owns 5,532 shares of the company’s stock valued at $275,000 after buying an additional 309 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of Nutrien by 20.6% during the second quarter. Parallel Advisors LLC now owns 1,824 shares of the company’s stock valued at $106,000 after buying an additional 311 shares during the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Analysts Set New Price Targets

NTR has been the topic of several analyst reports. Morgan Stanley lifted their target price on Nutrien from $60.00 to $65.00 and gave the company an “equal weight” rating in a research report on Thursday, June 26th. TD Securities upped their price objective on Nutrien from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, August 11th. National Bankshares began coverage on Nutrien in a research note on Friday, September 5th. They issued a “sector perform” rating and a $64.00 price objective for the company. Weiss Ratings restated a “hold (c)” rating on shares of Nutrien in a research note on Saturday, September 27th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Nutrien in a research note on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Nutrien currently has an average rating of “Hold” and an average target price of $62.39.

Nutrien Stock Down 0.6%

Shares of NYSE NTR opened at $59.37 on Monday. Nutrien Ltd. has a one year low of $43.69 and a one year high of $65.08. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.33 and a quick ratio of 0.85. The business’s fifty day moving average price is $57.62 and its 200-day moving average price is $57.02. The stock has a market capitalization of $28.81 billion, a PE ratio of 21.28, a P/E/G ratio of 0.97 and a beta of 0.82.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.24. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The firm had revenue of $10.30 billion for the quarter, compared to analysts’ expectations of $10.40 billion. During the same quarter in the prior year, the firm earned $2.34 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, equities research analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Monday, September 29th 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 3.7%. The ex-dividend date of this dividend is Monday, September 29th. Nutrien’s dividend payout ratio is currently 78.14%.

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.