UniSuper Management Pty Ltd Sells 4,047 Shares of Nutrien Ltd. (NYSE:NTR)

UniSuper Management Pty Ltd reduced its stake in Nutrien Ltd. (NYSE:NTR) by 29.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,500 shares of the company’s stock after selling 4,047 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Nutrien were worth $425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. ARGA Investment Management LP raised its position in Nutrien by 25.7% during 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 in the last quarter. Silchester International Investors LLP raised its holdings in shares of Nutrien by 9.5% during the 4th quarter. Silchester International Investors LLP now owns 11,693,137 shares of the company’s stock valued at $523,268,000 after buying an additional 1,009,895 shares in the last quarter. Pacific Heights Asset Management LLC lifted its holdings in shares of Nutrien by 462.1% in the 4th quarter. Pacific Heights Asset Management LLC now owns 815,000 shares of the company’s stock worth $36,471,000 after acquiring an additional 670,000 shares during the last quarter. Toronto Dominion Bank lifted its stake in Nutrien by 11.9% in the third quarter. Toronto Dominion Bank now owns 4,220,354 shares of the company’s stock worth $202,830,000 after purchasing an additional 447,413 shares during the last quarter. Finally, TD Asset Management Inc. grew its stake in shares of Nutrien by 7.4% during the fourth quarter. TD Asset Management Inc. now owns 5,615,681 shares of the company’s stock valued at $251,152,000 after buying an additional 385,616 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors.

Nutrien Price Performance

Shares of NTR stock opened at $49.65 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The stock has a market cap of $24.27 billion, a price-to-earnings ratio of 36.24, a PEG ratio of 1.19 and a beta of 0.81. The business’s fifty day moving average is $51.56 and its 200 day moving average is $49.04. Nutrien Ltd. has a twelve month low of $43.70 and a twelve month high of $60.87.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.09). Nutrien had a return on equity of 6.81% and a net margin of 2.62%. The business had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $5.09 billion. Research analysts expect that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.545 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.18 annualized dividend and a dividend yield of 4.39%. Nutrien’s payout ratio is 159.12%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NTR. Oppenheimer assumed coverage on Nutrien in a research note on Thursday, December 12th. They issued an “outperform” rating and a $60.00 target price for the company. CIBC increased their price objective on Nutrien from $64.00 to $66.00 and gave the company an “outperformer” rating in a research note on Tuesday, February 25th. The Goldman Sachs Group initiated coverage on shares of Nutrien in a research note on Thursday, March 13th. They issued a “sell” rating and a $53.00 target price on the stock. Raymond James raised shares of Nutrien from a “market perform” rating to an “outperform” rating and increased their price target for the company from $58.00 to $60.00 in a research report on Tuesday, December 3rd. Finally, JPMorgan Chase & Co. upgraded Nutrien from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $40.00 to $50.00 in a report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $60.00.

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.