Fox Run Management L.L.C. Reduces Stock Holdings in Nutrien Ltd. $NTR

Fox Run Management L.L.C. lowered its stake in Nutrien Ltd. (NYSE:NTR) by 26.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 9,800 shares of the company’s stock after selling 3,515 shares during the quarter. Fox Run Management L.L.C.’s holdings in Nutrien were worth $571,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in NTR. Metis Global Partners LLC lifted its position in shares of Nutrien by 10.5% in the 2nd quarter. Metis Global Partners LLC now owns 160,157 shares of the company’s stock worth $9,332,000 after purchasing an additional 15,176 shares during the period. Wedbush Securities Inc. bought a new stake in Nutrien during the 2nd quarter valued at approximately $226,000. First Eagle Investment Management LLC grew its holdings in shares of Nutrien by 14.0% during the 2nd quarter. First Eagle Investment Management LLC now owns 13,268,229 shares of the company’s stock worth $772,742,000 after acquiring an additional 1,627,328 shares during the period. Bryn Mawr Trust Advisors LLC grew its holdings in shares of Nutrien by 36.6% during the 2nd quarter. Bryn Mawr Trust Advisors LLC now owns 123,955 shares of the company’s stock worth $7,219,000 after acquiring an additional 33,220 shares during the period. Finally, Andra AP fonden bought a new position in shares of Nutrien in the 2nd quarter worth approximately $58,000. 63.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Zacks Research lowered Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. UBS Group dropped their target price on shares of Nutrien from $63.00 to $58.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Jefferies Financial Group reduced their target price on shares of Nutrien from $61.00 to $60.00 and set a “hold” rating on the stock in a research report on Tuesday, September 9th. National Bank Financial assumed coverage on shares of Nutrien in a research note on Friday, September 5th. They issued a “sector perform” rating for the company. Finally, Wells Fargo & Company reissued a “cautious” rating on shares of Nutrien in a research note on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $63.00.

Nutrien Trading Up 3.6%

NYSE NTR opened at $58.94 on Tuesday. Nutrien Ltd. has a 12 month low of $43.69 and a 12 month high of $65.08. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 0.39. The stock’s fifty day moving average price is $57.40 and its 200-day moving average price is $58.30. The stock has a market cap of $28.55 billion, a P/E ratio of 21.12, a P/E/G ratio of 0.92 and a beta of 0.83.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.06. The company had revenue of $5.82 billion for the quarter, compared to analysts’ expectations of $5.59 billion. Nutrien had a net margin of 5.25% and a return on equity of 6.51%. Nutrien’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.39 EPS. As a group, equities analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.545 per share. The ex-dividend date is Wednesday, December 31st. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.7%. Nutrien’s dividend payout ratio is presently 58.76%.

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.