Russell Investments Group Ltd. Sells 100,497 Shares of Nutrien Ltd. (NYSE:NTR)

Russell Investments Group Ltd. lessened its stake in shares of Nutrien Ltd. (NYSE:NTRFree Report) by 22.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 343,141 shares of the company’s stock after selling 100,497 shares during the quarter. Russell Investments Group Ltd.’s holdings in Nutrien were worth $19,428,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Legacy Financial Group LLC acquired a new stake in shares of Nutrien during the 3rd quarter worth about $28,000. Exchange Traded Concepts LLC lifted its stake in shares of Nutrien by 904.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 753 shares of the company’s stock worth $42,000 after buying an additional 678 shares during the last quarter. Evolution Advisers Inc. acquired a new stake in shares of Nutrien during the 4th quarter worth about $49,000. NBC Securities Inc. acquired a new stake in shares of Nutrien during the 3rd quarter worth about $58,000. Finally, Andra AP fonden acquired a new stake in shares of Nutrien during the 3rd quarter worth about $62,000. Institutional investors and hedge funds own 63.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Berenberg Bank upgraded shares of Nutrien from a “hold” rating to a “buy” rating and raised their target price for the stock from $60.00 to $66.00 in a research note on Monday. Stifel Nicolaus lifted their price objective on shares of Nutrien from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, January 19th. Jefferies Financial Group initiated coverage on shares of Nutrien in a research note on Tuesday, March 26th. They issued a “buy” rating and a $62.00 price objective for the company. Piper Sandler cut shares of Nutrien from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $68.00 to $54.00 in a research note on Thursday, February 29th. Finally, TD Securities dropped their price objective on shares of Nutrien from $75.00 to $67.00 and set a “buy” rating for the company in a research note on Tuesday, February 20th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $68.25.

Read Our Latest Report on NTR

Nutrien Stock Performance

Shares of Nutrien stock opened at $52.63 on Friday. The company has a 50 day moving average of $53.35 and a 200-day moving average of $53.87. Nutrien Ltd. has a 1-year low of $47.90 and a 1-year high of $69.55. The company has a current ratio of 1.17, a quick ratio of 0.65 and a debt-to-equity ratio of 0.35. The company has a market cap of $26.03 billion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 1.96 and a beta of 0.89.

Nutrien (NYSE:NTRGet Free Report) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.35). The company had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.36 billion. Nutrien had a return on equity of 8.59% and a net margin of 4.33%. Nutrien’s revenue for the quarter was down 24.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.02 earnings per share. As a group, equities research analysts forecast that Nutrien Ltd. will post 3.82 earnings per share for the current fiscal year.

Nutrien Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 4.10%. This is a boost from Nutrien’s previous quarterly dividend of $0.53. The ex-dividend date was Wednesday, March 27th. Nutrien’s dividend payout ratio is currently 85.38%.

Nutrien Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

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