Nutrien Ltd. (NYSE:NTR) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD decreased its position in Nutrien Ltd. (NYSE:NTR) by 63.8% in the 1st quarter, HoldingsChannel reports. The firm owned 2,892,488 shares of the company’s stock after selling 5,098,897 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Nutrien were worth $157,092,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Nutrien in the 4th quarter valued at about $332,716,000. ARGA Investment Management LP grew its holdings in Nutrien by 120.2% in the 1st quarter. ARGA Investment Management LP now owns 3,780,881 shares of the company’s stock valued at $205,421,000 after buying an additional 2,063,881 shares during the period. TD Asset Management Inc grew its holdings in Nutrien by 28.6% in the 4th quarter. TD Asset Management Inc now owns 9,226,352 shares of the company’s stock valued at $522,309,000 after buying an additional 2,050,358 shares during the period. Parnassus Investments LLC grew its holdings in Nutrien by 19.5% in the 4th quarter. Parnassus Investments LLC now owns 12,017,181 shares of the company’s stock valued at $676,928,000 after buying an additional 1,960,162 shares during the period. Finally, ANTIPODES PARTNERS Ltd grew its holdings in Nutrien by 18,312.9% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 1,595,295 shares of the company’s stock valued at $89,862,000 after buying an additional 1,586,631 shares during the period. Institutional investors and hedge funds own 63.10% of the company’s stock.

Wall Street Analysts Forecast Growth

NTR has been the subject of several recent analyst reports. Berenberg Bank upgraded Nutrien from a “hold” rating to a “buy” rating and lifted their price target for the company from $60.00 to $66.00 in a report on Monday, April 29th. Royal Bank of Canada decreased their target price on Nutrien from $70.00 to $60.00 and set an “outperform” rating for the company in a report on Monday, July 15th. UBS Group decreased their target price on Nutrien from $67.00 to $66.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Piper Sandler decreased their target price on Nutrien from $56.00 to $55.00 and set an “underweight” rating for the company in a report on Tuesday, June 11th. Finally, Scotiabank decreased their target price on Nutrien from $67.00 to $66.00 and set an “outperform” rating for the company in a report on Monday, May 13th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.39.

Nutrien Stock Performance

Shares of NTR stock traded down $1.18 on Monday, hitting $50.04. 301,105 shares of the stock traded hands, compared to its average volume of 1,874,026. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.15 and a quick ratio of 0.53. The company has a market capitalization of $24.75 billion, a PE ratio of 29.94, a PEG ratio of 1.70 and a beta of 0.83. Nutrien Ltd. has a 1-year low of $47.86 and a 1-year high of $69.12. The company’s fifty day moving average is $53.07 and its 200 day moving average is $52.89.

Nutrien (NYSE:NTR) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.11. The business had revenue of $5.39 billion for the quarter, compared to analyst estimates of $5.38 billion. Nutrien had a return on equity of 7.31% and a net margin of 3.01%. On average, equities research analysts predict that Nutrien Ltd. will post 3.78 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, June 28th were paid a dividend of $0.54 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $2.16 dividend on an annualized basis and a yield of 4.32%. Nutrien’s payout ratio is currently 126.32%.

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.