Bleakley Financial Group LLC Decreases Stock Position in Nutrien Ltd. (NYSE:NTR)

Bleakley Financial Group LLC lessened its position in Nutrien Ltd. (NYSE:NTR) by 77.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,921 shares of the company’s stock after selling 54,203 shares during the quarter. Bleakley Financial Group LLC’s holdings in Nutrien were worth $765,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Manning & Napier Advisors LLC purchased a new position in Nutrien during the second quarter worth approximately $2,639,000. Cardinal Capital Management Inc. lifted its position in Nutrien by 4.3% during the third quarter. Cardinal Capital Management Inc. now owns 564,078 shares of the company’s stock worth $27,139,000 after buying an additional 23,117 shares in the last quarter. SG Americas Securities LLC lifted its position in Nutrien by 370.1% during the first quarter. SG Americas Securities LLC now owns 58,041 shares of the company’s stock worth $3,152,000 after buying an additional 45,695 shares in the last quarter. Royal Fund Management LLC lifted its position in Nutrien by 88.6% during the third quarter. Royal Fund Management LLC now owns 30,722 shares of the company’s stock worth $1,477,000 after buying an additional 14,434 shares in the last quarter. Finally, BNP Paribas purchased a new position in Nutrien during the first quarter worth approximately $1,146,000. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Wells Fargo & Company cut Nutrien from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $62.00 to $50.00 in a research note on Tuesday, September 24th. Royal Bank of Canada reissued an “outperform” rating and set a $60.00 target price on shares of Nutrien in a research note on Friday, September 20th. Hsbc Global Res cut Nutrien from a “hold” rating to a “moderate sell” rating in a research note on Friday, August 2nd. BMO Capital Markets cut their target price on Nutrien from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Finally, HSBC cut Nutrien from a “hold” rating to a “reduce” rating in a research note on Friday, August 2nd. Three analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $60.67.

Nutrien Trading Down 0.8 %

NYSE:NTR opened at $47.31 on Tuesday. The firm has a market cap of $23.40 billion, a PE ratio of 27.67, a price-to-earnings-growth ratio of 1.62 and a beta of 0.82. The stock has a fifty day moving average price of $47.67 and a 200 day moving average price of $51.08. Nutrien Ltd. has a 12-month low of $44.65 and a 12-month 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.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, August 7th. The company reported $2.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.19 by $0.15. The firm had revenue of $10.16 billion during the quarter, compared to analyst estimates of $10.82 billion. Nutrien had a return on equity of 6.91% and a net margin of 2.97%. Nutrien’s revenue was down 12.9% compared to the same quarter last year. During the same period last year, the business posted $2.53 earnings per share. Sell-side analysts anticipate that Nutrien Ltd. will post 3.75 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 27th were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date of this dividend was Friday, September 27th. Nutrien’s dividend payout ratio (DPR) is 126.32%.

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.