Nutrien Ltd. (NYSE:NTR) Position Trimmed by Barings LLC

Barings LLC decreased its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 15.5% in the 4th quarter, Holdings Channel reports. The firm owned 130,607 shares of the company’s stock after selling 23,939 shares during the quarter. Barings LLC’s holdings in Nutrien were worth $5,845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. Silchester International Investors LLP increased its stake in Nutrien by 9.5% during the fourth quarter. Silchester International Investors LLP now owns 11,693,137 shares of the company’s stock valued at $523,268,000 after purchasing an additional 1,009,895 shares during the last quarter. ARGA Investment Management LP increased its stake in Nutrien by 25.7% during the fourth quarter. ARGA Investment Management LP now owns 6,043,590 shares of the company’s stock valued at $270,396,000 after purchasing an additional 1,236,671 shares during the last quarter. National Bank of Canada FI increased its stake in Nutrien by 4.1% during the third quarter. National Bank of Canada FI now owns 4,232,211 shares of the company’s stock valued at $203,380,000 after purchasing an additional 165,582 shares during the last quarter. Toronto Dominion Bank grew its position in shares of Nutrien by 11.9% during the third quarter. Toronto Dominion Bank now owns 4,220,354 shares of the company’s stock worth $202,830,000 after acquiring an additional 447,413 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Nutrien during the third quarter worth about $150,181,000. Institutional investors own 63.10% of the company’s stock.

Nutrien Price Performance

Shares of NYSE NTR opened at $51.03 on Friday. Nutrien Ltd. has a twelve month low of $43.70 and a twelve month high of $60.87. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $24.96 billion, a price-to-earnings ratio of 37.24, a PEG ratio of 1.19 and a beta of 0.81. The firm has a 50-day moving average of $50.71 and a two-hundred day moving average of $48.58.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The business had revenue of $5.08 billion during the quarter, compared to analyst estimates of $5.09 billion. As a group, analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be issued a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date is Monday, March 31st. Nutrien’s payout ratio is 159.12%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NTR. Mizuho upped their price target on shares of Nutrien from $52.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. TD Securities lowered their price target on shares of Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. JPMorgan Chase & Co. upgraded shares of Nutrien from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $40.00 to $50.00 in a research report on Monday, January 13th. Wells Fargo & Company upped their price target on shares of Nutrien from $53.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Friday, February 21st. Finally, Barclays upped their price target on shares of Nutrien from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.13.

Nutrien 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.