Gateway Investment Advisers LLC Sells 22,466 Shares of Nutrien Ltd. (NYSE:NTR)

Gateway Investment Advisers LLC lessened its position in Nutrien Ltd. (NYSE:NTRFree Report) by 33.3% in the 1st quarter, Holdings Channel reports. The firm owned 44,965 shares of the company’s stock after selling 22,466 shares during the period. Gateway Investment Advisers LLC’s holdings in Nutrien were worth $2,442,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Nutrien by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 18,210,375 shares of the company’s stock valued at $1,025,790,000 after buying an additional 158,161 shares during the period. Deutsche Bank AG boosted its holdings in shares of Nutrien by 1.5% in the third quarter. Deutsche Bank AG now owns 14,708,135 shares of the company’s stock valued at $908,374,000 after buying an additional 214,299 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of Nutrien by 1.8% in the fourth quarter. Mackenzie Financial Corp now owns 13,331,450 shares of the company’s stock valued at $751,381,000 after buying an additional 239,578 shares during the period. Parnassus Investments LLC boosted its holdings in Nutrien by 19.5% during the fourth quarter. Parnassus Investments LLC now owns 12,017,181 shares of the company’s stock worth $676,928,000 after purchasing an additional 1,960,162 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its holdings in Nutrien by 2.8% during the fourth quarter. First Eagle Investment Management LLC now owns 9,520,903 shares of the company’s stock worth $536,313,000 after purchasing an additional 258,244 shares during the last quarter. Institutional investors own 63.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Scotiabank reduced their target price on shares of Nutrien from $67.00 to $66.00 and set an “outperform” rating for the company in a report on Monday, May 13th. Wolfe Research assumed coverage on shares of Nutrien in a report on Friday, March 1st. They set an “outperform” rating and a $66.00 target price for the company. HSBC reduced their target price on shares of Nutrien from $63.00 to $57.00 and set a “hold” rating for the company in a report on Friday, March 8th. Mizuho increased their target price on shares of Nutrien from $54.00 to $56.00 and gave the stock an “underweight” rating in a report on Friday, May 17th. Finally, Berenberg Bank upgraded shares of Nutrien from a “hold” rating to a “buy” rating and increased their price target for the company from $60.00 to $66.00 in a research note on Monday, April 29th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $66.28.

Check Out Our Latest Stock Analysis on Nutrien

Nutrien Stock Performance

NYSE:NTR traded down $0.74 during mid-day trading on Tuesday, reaching $51.91. 445,054 shares of the company’s stock were exchanged, compared to its average volume of 1,872,009. Nutrien Ltd. has a one year low of $47.90 and a one year high of $69.12. The firm has a market capitalization of $25.68 billion, a PE ratio of 30.80, a price-to-earnings-growth ratio of 1.65 and a beta of 0.87. The business’s fifty day simple moving average is $54.92 and its two-hundred day simple moving average is $53.79. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.53 and a current ratio of 1.15.

Nutrien (NYSE:NTRGet Free Report) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.11. Nutrien had a net margin of 3.01% and a return on equity of 7.31%. The business had revenue of $5.39 billion for the quarter, compared to analyst estimates of $5.38 billion. Analysts anticipate that Nutrien Ltd. will post 3.9 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.54 per share. The ex-dividend date is Friday, June 28th. This represents a $2.16 dividend on an annualized basis and a yield of 4.16%. Nutrien’s payout ratio is 126.32%.

Nutrien Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

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