Sicart Associates LLC Cuts Stake in Nutrien Ltd. $NTR

Sicart Associates LLC reduced its stake in shares of Nutrien Ltd. (NYSE:NTR) by 3.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,841 shares of the company’s stock after selling 3,293 shares during the quarter. Nutrien comprises approximately 1.6% of Sicart Associates LLC’s holdings, making the stock its 23rd largest position. Sicart Associates LLC’s holdings in Nutrien were worth $4,702,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NTR. Public Sector Pension Investment Board boosted its stake in Nutrien by 0.4% during the first quarter. Public Sector Pension Investment Board now owns 47,329 shares of the company’s stock worth $2,349,000 after buying an additional 200 shares during the period. Blume Capital Management Inc. boosted its stake in Nutrien by 0.7% during the first quarter. Blume Capital Management Inc. now owns 31,796 shares of the company’s stock worth $1,579,000 after buying an additional 220 shares during the period. Weatherly Asset Management L. P. boosted its stake in Nutrien by 0.7% during the second quarter. Weatherly Asset Management L. P. now owns 38,799 shares of the company’s stock worth $2,280,000 after buying an additional 266 shares during the period. Mesirow Financial Investment Management Inc. boosted its stake in Nutrien by 5.9% during the first quarter. Mesirow Financial Investment Management Inc. now owns 5,532 shares of the company’s stock worth $275,000 after buying an additional 309 shares during the period. Finally, Parallel Advisors LLC boosted its stake in Nutrien by 20.6% during the second quarter. Parallel Advisors LLC now owns 1,824 shares of the company’s stock worth $106,000 after buying an additional 311 shares during the period. 63.10% of the stock is owned by hedge funds and other institutional investors.

Nutrien Stock Performance

NTR stock opened at $58.72 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.33 and a quick ratio of 0.85. The business has a 50-day moving average price of $57.73 and a 200 day moving average price of $56.86. The company has a market capitalization of $28.49 billion, a P/E ratio of 21.05, a PEG ratio of 0.94 and a beta of 0.77. Nutrien Ltd. has a 1-year low of $43.69 and a 1-year high of $65.08.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, August 6th. The company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.24. The firm had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.40 billion. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.34 earnings per share. As a group, equities research analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 29th will be issued a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Monday, September 29th. Nutrien’s payout ratio is presently 78.14%.

Wall Street Analysts Forecast Growth

Several research firms have commented on NTR. Jefferies Financial Group dropped their price objective on shares of Nutrien from $61.00 to $60.00 and set a “hold” rating for the company in a research note on Tuesday, September 9th. National Bankshares started coverage on shares of Nutrien in a research note on Friday, September 5th. They set a “sector perform” rating and a $64.00 price objective for the company. Zacks Research downgraded Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Raymond James Financial downgraded Nutrien from an “outperform” rating to a “market perform” rating and set a $68.00 target price for the company. in a research report on Tuesday, June 17th. Finally, Wall Street Zen downgraded Nutrien from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $62.39.

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.