Beutel Goodman & Co Ltd. Cuts Position in Nutrien Ltd. (NYSE:NTR)

Beutel Goodman & Co Ltd. lowered its position in shares of Nutrien Ltd. (NYSE:NTR) by 9.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 5,701,812 shares of the company’s stock after selling 613,841 shares during the quarter. Beutel Goodman & Co Ltd. owned about 1.16% of Nutrien worth $254,999,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NTR. Norges Bank purchased a new position in shares of Nutrien in the 4th quarter valued at $241,958,000. ARGA Investment Management LP raised its position in Nutrien by 25.7% in 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 period. Silchester International Investors LLP lifted its stake in shares of Nutrien by 9.5% during the fourth quarter. Silchester International Investors LLP now owns 11,693,137 shares of the company’s stock worth $523,268,000 after purchasing an additional 1,009,895 shares in the last quarter. Pacific Heights Asset Management LLC boosted its position in shares of Nutrien by 462.1% in the fourth quarter. Pacific Heights Asset Management LLC now owns 815,000 shares of the company’s stock worth $36,471,000 after buying an additional 670,000 shares during the period. Finally, Toronto Dominion Bank grew its stake in shares of Nutrien by 11.9% in the third quarter. Toronto Dominion Bank now owns 4,220,354 shares of the company’s stock valued at $202,830,000 after buying an additional 447,413 shares in the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Stock Down 1.5 %

NTR stock opened at $50.13 on Friday. The firm has a market cap of $24.52 billion, a price-to-earnings ratio of 36.59, a PEG ratio of 1.19 and a beta of 0.81. Nutrien Ltd. has a 1-year low of $43.70 and a 1-year high of $60.87. The firm has a fifty day moving average price of $51.59 and a two-hundred day moving average price of $48.97. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82.

Nutrien (NYSE:NTR) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $5.09 billion. Research analysts predict that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be issued a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend is Monday, March 31st. Nutrien’s dividend payout ratio (DPR) is 159.12%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. UBS Group upped their price target on Nutrien from $53.00 to $54.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Wells Fargo & Company upped their target price on shares of Nutrien from $53.00 to $56.00 and gave the company an “equal weight” rating in a research note on Friday, February 21st. Oppenheimer initiated coverage on shares of Nutrien in a research note on Thursday, December 12th. They set an “outperform” rating and a $60.00 price target on the stock. The Goldman Sachs Group began coverage on shares of Nutrien in a report on Thursday, March 13th. They issued a “sell” rating and a $53.00 price objective on the stock. Finally, Mizuho raised their target price on Nutrien from $52.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $60.00.

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.