Grace & White Inc. NY Sells 16,500 Shares of Nutrien Ltd. $NTR

Grace & White Inc. NY trimmed its position in Nutrien Ltd. (NYSE:NTR) by 15.8% in the first quarter, HoldingsChannel.com reports. The firm owned 88,100 shares of the company’s stock after selling 16,500 shares during the period. Nutrien comprises 1.2% of Grace & White Inc. NY’s investment portfolio, making the stock its 27th largest holding. Grace & White Inc. NY’s holdings in Nutrien were worth $6,648,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Guggenheim Capital LLC increased its holdings in Nutrien by 2.2% in the 4th quarter. Guggenheim Capital LLC now owns 6,628 shares of the company’s stock valued at $409,000 after buying an additional 145 shares during the period. Minot DeBlois Advisors LLC boosted its position in shares of Nutrien by 1.8% during the 4th quarter. Minot DeBlois Advisors LLC now owns 9,032 shares of the company’s stock valued at $557,000 after acquiring an additional 164 shares in the last quarter. Banque Cantonale Vaudoise boosted its position in shares of Nutrien by 15.9% during the 1st quarter. Banque Cantonale Vaudoise now owns 1,198 shares of the company’s stock valued at $90,000 after acquiring an additional 164 shares in the last quarter. Smith Moore & CO. increased its stake in Nutrien by 2.2% in the third quarter. Smith Moore & CO. now owns 7,642 shares of the company’s stock valued at $449,000 after acquiring an additional 168 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in Nutrien by 21.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 983 shares of the company’s stock valued at $61,000 after acquiring an additional 176 shares during the period. 63.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NTR. Oppenheimer increased their price target on shares of Nutrien from $80.00 to $82.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. Bank of America upgraded Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 price objective on the stock in a research note on Thursday, April 30th. Wells Fargo & Company raised Nutrien from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $77.00 to $100.00 in a report on Friday, March 13th. Morgan Stanley raised their target price on Nutrien from $77.00 to $93.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Finally, Wall Street Zen lowered Nutrien from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Eleven analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $81.71.

Nutrien Trading Up 0.2%

Shares of Nutrien stock opened at $61.09 on Friday. Nutrien Ltd. has a 12-month low of $53.03 and a 12-month high of $85.36. The stock has a market capitalization of $29.28 billion, a P/E ratio of 12.44, a price-to-earnings-growth ratio of 0.56 and a beta of 0.60. The company has a 50-day simple moving average of $68.98 and a 200 day simple moving average of $69.46. The company has a quick ratio of 0.59, a current ratio of 1.24 and a debt-to-equity ratio of 0.35.

Nutrien (NYSE:NTR) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The firm had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.30 billion. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 earnings per share. Research analysts expect that Nutrien Ltd. will post 5.45 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Nutrien’s payout ratio is presently 44.81%.

Nutrien Profile

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.