Intech Investment Management LLC Sells 6,498 Shares of Nutrien Ltd. $NTR

Intech Investment Management LLC lowered its stake in shares of Nutrien Ltd. (NYSE:NTR) by 9.4% in the second quarter, Holdings Channel.com reports. The firm owned 62,630 shares of the company’s stock after selling 6,498 shares during the period. Intech Investment Management LLC’s holdings in Nutrien were worth $3,642,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Huntington National Bank grew its stake in shares of Nutrien by 72.6% in the 2nd quarter. Huntington National Bank now owns 656 shares of the company’s stock worth $38,000 after acquiring an additional 276 shares in the last quarter. Harbour Investments Inc. lifted its position in shares of Nutrien by 94.8% during the 1st quarter. Harbour Investments Inc. now owns 715 shares of the company’s stock worth $35,000 after buying an additional 348 shares in the last quarter. Trust Co. of Toledo NA OH bought a new position in shares of Nutrien during the 2nd quarter worth approximately $49,000. Andra AP fonden bought a new stake in shares of Nutrien during the 2nd quarter worth $58,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of Nutrien by 1,074.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,022 shares of the company’s stock worth $51,000 after purchasing an additional 935 shares during the period. 63.10% of the stock is owned by hedge funds and other institutional investors.

Nutrien Stock Performance

Shares of NYSE:NTR opened at $57.34 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 0.39. Nutrien Ltd. has a 12 month low of $43.69 and a 12 month high of $65.08. The company has a market cap of $27.72 billion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 0.92 and a beta of 0.83. The company has a 50-day moving average price of $57.61 and a 200-day moving average price of $58.41.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.06. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The business had revenue of $5.82 billion for the quarter, compared to analysts’ expectations of $5.59 billion. During the same period in the previous year, the firm posted $0.39 EPS. The business’s revenue was up 12.3% on a year-over-year basis. As a group, equities analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Wednesday, December 31st will be given a dividend of $0.545 per share. The ex-dividend date is Wednesday, December 31st. This represents a $2.18 annualized dividend and a yield of 3.8%. Nutrien’s payout ratio is 58.76%.

Analysts Set New Price Targets

Several research firms have recently weighed in on NTR. National Bankshares initiated coverage on shares of Nutrien in a research note on Friday, September 5th. They issued a “sector perform” rating and a $64.00 target price for the company. Bank of America reiterated a “neutral” rating and issued a $67.00 price objective on shares of Nutrien in a research note on Tuesday, October 14th. TD Securities increased their target price on Nutrien from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, August 11th. National Bank Financial assumed coverage on Nutrien in a report on Friday, September 5th. They issued a “sector perform” rating for the company. Finally, Wall Street Zen downgraded Nutrien from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have issued a Hold rating and one has issued a Sell 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 $62.94.

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.