Janus Henderson Group PLC Sells 6,764 Shares of Nutrien Ltd. (NYSE:NTR)

Janus Henderson Group PLC decreased its position in Nutrien Ltd. (NYSE:NTR) by 2.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 277,981 shares of the company’s stock after selling 6,764 shares during the quarter. Janus Henderson Group PLC’s holdings in Nutrien were worth $12,424,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NTR. Fairway Wealth LLC purchased a new stake in Nutrien during the fourth quarter valued at about $27,000. HHM Wealth Advisors LLC increased its position in shares of Nutrien by 331.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock worth $28,000 after purchasing an additional 480 shares during the last quarter. Assetmark Inc. increased its position in shares of Nutrien by 1,437.5% in the fourth quarter. Assetmark Inc. now owns 738 shares of the company’s stock worth $33,000 after purchasing an additional 690 shares during the last quarter. Asset Planning Inc bought a new position in shares of Nutrien in the fourth quarter worth approximately $35,000. Finally, Exchange Traded Concepts LLC increased its position in shares of Nutrien by 96.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock worth $38,000 after purchasing an additional 416 shares during the last quarter. Institutional investors own 63.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Barclays upped their price objective on shares of Nutrien from $59.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Wednesday. CIBC upped their price objective on shares of Nutrien from $64.00 to $66.00 and gave the stock an “outperformer” rating in a research report on Tuesday, February 25th. Mizuho upped their price objective 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 increased their price target on shares of Nutrien from $64.00 to $67.00 and gave the company a “buy” rating in a research report on Monday, May 12th. Finally, Wells Fargo & Company increased their price target on shares of Nutrien from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Monday, May 12th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $61.44.

Nutrien Stock Performance

NYSE:NTR opened at $57.92 on Friday. The firm has a market cap of $28.28 billion, a PE ratio of 42.28, a price-to-earnings-growth ratio of 1.19 and a beta of 0.79. Nutrien Ltd. has a fifty-two week low of $43.70 and a fifty-two week high of $60.87. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. The business has a 50 day moving average price of $52.62 and a 200-day moving average price of $50.27.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.24). The company had revenue of $4.67 billion for the quarter, compared to analysts’ expectations of $5.16 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period last year, the company posted $0.46 EPS. Equities research analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date of this dividend is Monday, June 30th. Nutrien’s dividend payout ratio (DPR) is presently 203.74%.

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.