Alpine Woods Capital Investors LLC Trims Stock Position in Nutrien Ltd. $NTR

Alpine Woods Capital Investors LLC lessened its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 17.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,875 shares of the company’s stock after selling 1,200 shares during the period. Alpine Woods Capital Investors LLC’s holdings in Nutrien were worth $342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in NTR. Harbour Investments Inc. raised its holdings in shares of Nutrien by 94.8% during the first quarter. Harbour Investments Inc. now owns 715 shares of the company’s stock worth $35,000 after purchasing an additional 348 shares during the last quarter. Trust Co. of Toledo NA OH purchased a new position in shares of Nutrien during the second quarter worth $49,000. Allworth Financial LP raised its holdings in shares of Nutrien by 117.1% during the first quarter. Allworth Financial LP now owns 938 shares of the company’s stock worth $50,000 after purchasing an additional 506 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Nutrien by 1,074.7% during the first 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 last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Nutrien by 4,866.7% during the first quarter. GAMMA Investing LLC now owns 1,043 shares of the company’s stock worth $52,000 after purchasing an additional 1,022 shares during the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Analysts Set New Price Targets

NTR has been the subject of several recent research reports. UBS Group reduced their target price on shares of Nutrien from $64.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, August 7th. Wells Fargo & Company lifted their price objective on shares of Nutrien from $59.00 to $62.00 and gave the company an “equal weight” rating in a report on Thursday, July 17th. Barclays lifted their price objective on shares of Nutrien from $61.00 to $64.00 and gave the company an “equal weight” rating in a report on Monday, July 7th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Nutrien in a report on Monday, July 14th. Finally, National Bank Financial began coverage on shares of Nutrien in a report on Friday, September 5th. They issued a “sector perform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Nutrien currently has an average rating of “Hold” and a consensus price target of $62.39.

Nutrien Stock Up 0.3%

NTR opened at $60.00 on Tuesday. Nutrien Ltd. has a fifty-two week low of $43.69 and a fifty-two week high of $65.08. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.85 and a current ratio of 1.33. The company has a fifty day moving average of $57.74 and a two-hundred day moving average of $57.41. The stock has a market capitalization of $29.11 billion, a price-to-earnings ratio of 21.51, a PEG ratio of 0.97 and a beta of 0.82.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, August 6th. The company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.24. Nutrien had a net margin of 5.25% and a return on equity of 6.51%. The business had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.40 billion. During the same quarter last year, the business earned $2.34 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, research analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Monday, September 29th will be given a $0.545 dividend. The ex-dividend date is Monday, September 29th. This represents a $2.18 annualized dividend and a dividend yield of 3.6%. Nutrien’s dividend payout ratio (DPR) is 78.14%.

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.