Nutrien Ltd. $NTR Shares Sold by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. cut its position in shares of Nutrien Ltd. (NYSE:NTR) by 21.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 4,357 shares of the company’s stock after selling 1,175 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Nutrien were worth $254,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbour Investments Inc. increased its stake in Nutrien by 94.8% during the first quarter. Harbour Investments Inc. now owns 715 shares of the company’s stock worth $35,000 after acquiring an additional 348 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new stake in Nutrien during the second quarter worth about $49,000. Allworth Financial LP increased its stake in Nutrien by 117.1% during the first quarter. Allworth Financial LP now owns 938 shares of the company’s stock worth $50,000 after acquiring an additional 506 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in Nutrien by 1,074.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,022 shares of the company’s stock worth $51,000 after acquiring an additional 935 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in Nutrien during the first quarter worth about $54,000. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on NTR shares. Bank of America reiterated a “neutral” rating and issued a $67.00 target price on shares of Nutrien in a research note on Tuesday, October 14th. Barclays increased their target price on Nutrien from $61.00 to $64.00 and gave the company an “equal weight” rating in a research note on Monday, July 7th. Oppenheimer reiterated an “outperform” rating on shares of Nutrien in a research note on Wednesday, October 22nd. Jefferies Financial Group lowered their target price on Nutrien from $61.00 to $60.00 and set a “hold” rating for the company in a research note on Tuesday, September 9th. Finally, Wall Street Zen lowered Nutrien from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $62.78.

Nutrien Trading Up 0.3%

Shares of NTR opened at $54.48 on Monday. The company has a market capitalization of $26.39 billion, a P/E ratio of 19.53, a P/E/G ratio of 0.92 and a beta of 0.82. 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 quick ratio of 0.85 and a current ratio of 1.33. The stock has a 50-day moving average price of $57.72 and a 200 day moving average price of $58.19.

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. The firm had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.40 billion. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.Nutrien’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.34 earnings per share. Sell-side analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Monday, September 29th were issued a $0.545 dividend. The ex-dividend date of this dividend was Monday, September 29th. This represents a $2.18 dividend on an annualized basis and a yield of 4.0%. 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.