Nutrien Ltd. $NTR Shares Sold by Princeton Global Asset Management LLC

Princeton Global Asset Management LLC decreased its position in Nutrien Ltd. (NYSE:NTR) by 89.1% in the second quarter, HoldingsChannel.com reports. The fund owned 1,045 shares of the company’s stock after selling 8,565 shares during the period. Princeton Global Asset Management LLC’s holdings in Nutrien were worth $61,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of Nutrien by 4,866.7% in the first quarter. GAMMA Investing LLC now owns 1,043 shares of the company’s stock valued at $52,000 after purchasing an additional 1,022 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in Nutrien by 184.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,243 shares of the company’s stock worth $608,000 after buying an additional 7,934 shares during the period. Blue Trust Inc. increased its holdings in Nutrien by 78.2% in the 1st quarter. Blue Trust Inc. now owns 6,078 shares of the company’s stock worth $302,000 after buying an additional 2,668 shares during the period. Sava Infond d.o.o. raised its position in Nutrien by 50.9% during the 1st quarter. Sava Infond d.o.o. now owns 35,550 shares of the company’s stock worth $1,766,000 after buying an additional 11,990 shares during the last quarter. Finally, Moran Wealth Management LLC lifted its stake in Nutrien by 36.5% during the 1st quarter. Moran Wealth Management LLC now owns 18,729 shares of the company’s stock valued at $929,000 after acquiring an additional 5,008 shares during the period. Institutional investors and hedge funds own 63.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NTR. Scotiabank cut their price objective on shares of Nutrien from $62.00 to $60.00 and set a “sector perform” rating on the stock in a research note on Monday, August 11th. National Bankshares assumed coverage on Nutrien in a research report on Friday, September 5th. They set a “sector perform” rating and a $64.00 price target on the stock. Bank of America reiterated a “neutral” rating and set a $67.00 price objective on shares of Nutrien in a research note on Tuesday, October 14th. TD Securities upped their target price on Nutrien from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. Finally, Wall Street Zen lowered Nutrien from a “strong-buy” rating to a “buy” rating in a report 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 assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $62.78.

Nutrien Trading Up 0.3%

NTR stock opened at $57.58 on Tuesday. Nutrien Ltd. has a 52-week low of $43.69 and a 52-week high of $65.08. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 0.39. The firm has a market cap of $27.94 billion, a P/E ratio of 20.64, a PEG ratio of 0.94 and a beta of 0.82. The company’s 50-day simple moving average is $57.80 and its 200-day simple moving average is $57.69.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.24. The firm had revenue of $10.30 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.34 EPS. As a group, equities analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Monday, September 29th were paid a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, September 29th. Nutrien’s dividend payout ratio is presently 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.