Nutrien Ltd. (NYSE:NTR) Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. cut its position in shares of Nutrien Ltd. (NYSE:NTR) by 8.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 7,491 shares of the company’s stock after selling 650 shares during the quarter. Foster & Motley Inc.’s holdings in Nutrien were worth $335,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of NTR. Silchester International Investors LLP boosted its stake in Nutrien by 164.4% during the third quarter. Silchester International Investors LLP now owns 10,683,242 shares of the company’s stock valued at $513,437,000 after buying an additional 6,642,075 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Nutrien in the 3rd quarter valued at about $150,181,000. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Nutrien by 78.8% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,495,282 shares of the company’s stock valued at $121,271,000 after purchasing an additional 1,100,000 shares in the last quarter. Toronto Dominion Bank grew its stake in shares of Nutrien by 11.9% in the 3rd quarter. Toronto Dominion Bank now owns 4,220,354 shares of the company’s stock worth $202,830,000 after purchasing an additional 447,413 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Nutrien by 34.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,287,220 shares of the company’s stock worth $61,848,000 after purchasing an additional 327,799 shares in the last quarter. Institutional investors own 63.10% of the company’s stock.

Wall Street Analysts Forecast Growth

NTR has been the topic of several recent research reports. CIBC restated an “outperformer” rating and issued a $55.00 price target (down previously from $60.00) on shares of Nutrien in a research report on Tuesday, December 10th. TD Securities cut their target price on Nutrien from $63.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. JPMorgan Chase & Co. raised Nutrien from an “underweight” rating to a “neutral” rating and upped their target price for the company from $40.00 to $50.00 in a report on Monday, January 13th. Raymond James raised Nutrien from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $58.00 to $60.00 in a research note on Tuesday, December 3rd. Finally, Piper Sandler upped their price objective on shares of Nutrien from $58.00 to $63.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Nutrien currently has a consensus rating of “Moderate Buy” and an average target price of $58.94.

Nutrien Price Performance

NTR opened at $51.65 on Friday. The stock has a fifty day moving average price of $48.14 and a 200 day moving average price of $48.09. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. Nutrien Ltd. has a 1 year low of $43.69 and a 1 year high of $60.87. The stock has a market cap of $25.36 billion, a price-to-earnings ratio of 34.66, a PEG ratio of 1.19 and a beta of 0.81.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The firm had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.26 billion. During the same quarter in the prior year, the firm earned $0.35 earnings per share. The firm’s quarterly revenue was down 5.0% compared to the same quarter last year. Analysts forecast that Nutrien Ltd. will post 3.49 EPS for the current fiscal year.

Nutrien Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.939 per share. This is a positive change from Nutrien’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $3.76 annualized dividend and a dividend yield of 7.27%. Nutrien’s dividend payout ratio is 144.97%.

About Nutrien

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.