Arrowstreet Capital Limited Partnership Sells 551,791 Shares of Nutrien Ltd. $NTR

Arrowstreet Capital Limited Partnership reduced its position in Nutrien Ltd. (NYSE:NTR) by 3.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 13,669,590 shares of the company’s stock after selling 551,791 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Nutrien were worth $843,726,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Montag A & Associates Inc. raised its holdings in shares of Nutrien by 310.7% in the fourth quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock valued at $26,000 after acquiring an additional 320 shares in the last quarter. Sfam LLC bought a new stake in shares of Nutrien in the fourth quarter valued at about $37,000. Eastern Bank raised its holdings in shares of Nutrien by 133.0% in the fourth quarter. Eastern Bank now owns 699 shares of the company’s stock valued at $43,000 after acquiring an additional 399 shares in the last quarter. Harbour Investments Inc. raised its holdings in shares of Nutrien by 97.2% in the fourth quarter. Harbour Investments Inc. now owns 704 shares of the company’s stock valued at $43,000 after acquiring an additional 347 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Nutrien by 42.4% in the second quarter. Geneos Wealth Management Inc. now owns 735 shares of the company’s stock valued at $43,000 after acquiring an additional 219 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors.

Nutrien Stock Performance

Shares of Nutrien stock opened at $67.65 on Friday. The company has a market capitalization of $32.47 billion, a PE ratio of 13.78, a P/E/G ratio of 0.62 and a beta of 0.60. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 1.24. The company has a 50-day simple moving average of $71.34 and a two-hundred day simple moving average of $69.17. Nutrien Ltd. has a one year low of $53.03 and a one year high of $85.36.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, May 6th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. The firm’s revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.11 earnings per share. Research analysts expect that Nutrien Ltd. will post 5.45 EPS for the current fiscal year.

Nutrien Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Tuesday, June 30th will be issued a $0.55 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.20 dividend on an annualized basis and a yield of 3.3%. Nutrien’s payout ratio is currently 44.81%.

Analyst Ratings Changes

NTR has been the subject of several recent research reports. UBS Group decreased their price objective on Nutrien from $67.00 to $65.00 and set a “sell” rating for the company in a report on Monday, May 11th. Scotiabank lifted their price objective on Nutrien from $75.00 to $80.00 and gave the company a “sector perform” rating in a report on Monday, May 11th. JPMorgan Chase & Co. lifted their price objective on Nutrien from $78.00 to $80.00 and gave the company an “overweight” rating in a report on Monday, May 11th. BNP Paribas Exane downgraded shares of Nutrien from an “outperform” rating to a “neutral” rating in a report on Monday, February 23rd. Finally, Raymond James Financial upgraded shares of Nutrien from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $74.00 to $90.00 in a report on Tuesday, May 5th. Eleven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $81.71.

Nutrien Profile

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.