Gulf International Bank UK Ltd Trims Stock Position in Nutrien Ltd. (NYSE:NTR)

Gulf International Bank UK Ltd cut its position in Nutrien Ltd. (NYSE:NTR) by 58.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,356 shares of the company’s stock after selling 1,942 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Nutrien were worth $65,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Nutrien by 3.1% in the first quarter. Vanguard Group Inc. now owns 18,781,287 shares of the company’s stock worth $1,020,012,000 after buying an additional 570,912 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Nutrien by 15.5% in the 2nd quarter. Bank of Montreal Can now owns 13,354,385 shares of the company’s stock valued at $719,668,000 after acquiring an additional 1,794,333 shares in the last quarter. Silchester International Investors LLP boosted its position in shares of Nutrien by 164.4% during the 3rd quarter. Silchester International Investors LLP now owns 10,683,242 shares of the company’s stock valued at $513,437,000 after acquiring an additional 6,642,075 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in shares of Nutrien by 0.5% during the first quarter. First Eagle Investment Management LLC now owns 9,571,272 shares of the company’s stock worth $519,816,000 after purchasing an additional 50,369 shares in the last quarter. Finally, 1832 Asset Management L.P. increased its position in shares of Nutrien by 1.9% in the second quarter. 1832 Asset Management L.P. now owns 9,006,528 shares of the company’s stock worth $458,522,000 after purchasing an additional 167,312 shares during the last quarter. 63.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. UBS Group lowered shares of Nutrien from a “buy” rating to a “neutral” rating and cut their target price for the stock from $66.00 to $51.00 in a research report on Thursday, October 10th. Barclays cut their price objective on Nutrien from $68.00 to $55.00 and set an “overweight” rating for the company in a report on Friday, August 16th. Hsbc Global Res cut Nutrien from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. Scotiabank cut their target price on Nutrien from $66.00 to $59.00 and set a “sector outperform” rating for the company in a research note on Monday, August 12th. Finally, Wells Fargo & Company downgraded shares of Nutrien from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $62.00 to $50.00 in a research note on Tuesday, September 24th. Three analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Nutrien has a consensus rating of “Hold” and a consensus price target of $60.44.

Nutrien Trading Down 1.3 %

Shares of NTR opened at $48.32 on Friday. Nutrien Ltd. has a 1-year low of $44.65 and a 1-year high of $60.87. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 0.37. The firm’s 50-day moving average price is $47.98 and its 200-day moving average price is $50.61. The firm has a market capitalization of $23.86 billion, a price-to-earnings ratio of 32.43, a PEG ratio of 1.62 and a beta of 0.82.

Nutrien (NYSE:NTR) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.04). The firm had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.26 billion. Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The company’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.35 earnings per share. Sell-side analysts anticipate that Nutrien Ltd. will post 3.82 EPS for the current year.

Nutrien Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be paid a $0.939 dividend. This represents a $3.76 annualized dividend and a dividend yield of 7.77%. This is a positive change from Nutrien’s previous quarterly dividend of $0.54. The ex-dividend date is Tuesday, December 31st. Nutrien’s dividend payout ratio (DPR) is presently 144.97%.

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.