Marketfield Asset Management LLC trimmed its stake in shares of Nutrien Ltd (NYSE:NTR) by 5.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 60,919 shares of the company’s stock after selling 3,298 shares during the period. Nutrien comprises about 1.8% of Marketfield Asset Management LLC’s holdings, making the stock its 26th biggest position. Marketfield Asset Management LLC’s holdings in Nutrien were worth $3,039,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Birch Hill Investment Advisors LLC increased its stake in shares of Nutrien by 8.5% during the 2nd quarter. Birch Hill Investment Advisors LLC now owns 312,747 shares of the company’s stock worth $16,719,000 after purchasing an additional 24,610 shares in the last quarter. Cutter & CO Brokerage Inc. purchased a new position in shares of Nutrien during the 2nd quarter worth approximately $2,749,000. Envestnet Asset Management Inc. increased its stake in shares of Nutrien by 63.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 320,058 shares of the company’s stock worth $17,120,000 after purchasing an additional 124,251 shares in the last quarter. ETRADE Capital Management LLC increased its stake in shares of Nutrien by 134.9% during the 2nd quarter. ETRADE Capital Management LLC now owns 46,622 shares of the company’s stock worth $2,492,000 after purchasing an additional 26,777 shares in the last quarter. Finally, Marshall Wace North America L.P. increased its stake in shares of Nutrien by 87.7% during the 1st quarter. Marshall Wace North America L.P. now owns 152,401 shares of the company’s stock worth $8,041,000 after purchasing an additional 71,188 shares in the last quarter. Institutional investors own 65.48% of the company’s stock.
A number of research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Nutrien from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. Consumer Edge assumed coverage on shares of Nutrien in a research note on Monday, September 23rd. They set an “overweight” rating and a $67.00 price objective for the company. Raymond James reissued a “strong-buy” rating and set a $70.00 price objective on shares of Nutrien in a research note on Tuesday, July 30th. BMO Capital Markets set a $60.00 price objective on shares of Nutrien and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, TD Securities raised their price objective on shares of Nutrien from $68.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Nutrien has an average rating of “Buy” and an average target price of $61.87.
NTR stock traded down $0.19 during midday trading on Wednesday, hitting $49.61. The stock had a trading volume of 297,587 shares, compared to its average volume of 1,002,922. The firm has a market cap of $28.42 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 2.67 and a beta of 0.91. Nutrien Ltd has a 12-month low of $43.96 and a 12-month high of $57.97. The company’s 50-day moving average price is $50.29 and its 200 day moving average price is $51.49.
Nutrien (NYSE:NTR) last released its earnings results on Monday, July 29th. The company reported $1.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.59 by ($0.01). The business had revenue of $8.66 billion for the quarter, compared to analysts’ expectations of $8.17 billion. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.48 earnings per share. On average, equities research analysts anticipate that Nutrien Ltd will post 2.38 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Monday, September 30th will be paid a $0.45 dividend. This is a boost from Nutrien’s previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend is Friday, September 27th. Nutrien’s payout ratio is presently 66.91%.
Nutrien Company Profile
Nutrien Ltd. produces and markets crop nutrients to agricultural, industrial, and feed customers worldwide. It operates in four segments: Retail, Potash, Nitrogen, and Phosphate and Sulfate. The company offers potash, nitrogen, phosphate, and sulfate products. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through operating 1,700 retail locations.
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