United Services Automobile Association Sells 1,416 Shares of Nutrien Ltd. (NYSE:NTR)

United Services Automobile Association reduced its position in shares of Nutrien Ltd. (NYSE:NTR) by 7.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,437 shares of the company’s stock after selling 1,416 shares during the quarter. United Services Automobile Association’s holdings in Nutrien were worth $790,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Goodman Financial Corp increased its holdings in Nutrien by 4.6% during the third quarter. Goodman Financial Corp now owns 253,860 shares of the company’s stock valued at $12,201,000 after buying an additional 11,058 shares during the last quarter. CORDA Investment Management LLC. increased its stake in shares of Nutrien by 7.0% in the 3rd quarter. CORDA Investment Management LLC. now owns 494,745 shares of the company’s stock worth $23,777,000 after purchasing an additional 32,541 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Nutrien by 10.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,742,351 shares of the company’s stock worth $83,812,000 after purchasing an additional 157,932 shares during the period. 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 valued at $27,139,000 after purchasing an additional 23,117 shares in the last quarter. Finally, Stephens Inc. AR grew its holdings in Nutrien by 335.0% during the third quarter. Stephens Inc. AR now owns 70,301 shares of the company’s stock valued at $3,379,000 after purchasing an additional 54,138 shares during the period. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NTR. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of Nutrien in a research note on Friday, September 20th. TD Securities lowered their price target on shares of Nutrien from $63.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. The Goldman Sachs Group lowered shares of Nutrien from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $69.00 to $53.00 in a research report on Tuesday, September 10th. UBS Group downgraded shares of Nutrien from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $66.00 to $51.00 in a research report on Thursday, October 10th. Finally, Barclays dropped their target price on shares of Nutrien from $68.00 to $55.00 and set an “overweight” rating for the company in a report on Friday, August 16th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $60.06.

Nutrien Stock Down 0.3 %

Shares of NTR opened at $47.93 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82. The stock has a market capitalization of $23.67 billion, a price-to-earnings ratio of 32.17, a price-to-earnings-growth ratio of 1.70 and a beta of 0.80. Nutrien Ltd. has a 1 year low of $44.65 and a 1 year high of $60.87. The business’s 50 day simple moving average is $47.96 and its 200-day simple moving average is $49.33.

Nutrien (NYSE:NTR) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The business had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.26 billion. During the same period in the previous year, the company earned $0.35 EPS. Nutrien’s revenue for the quarter was down 5.0% compared to the same quarter last year. As a group, equities analysts expect that Nutrien Ltd. will post 3.54 earnings per share for the current fiscal year.

Nutrien Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.939 per share. This is a boost from Nutrien’s previous quarterly dividend of $0.54. This represents a $3.76 annualized dividend and a yield of 7.84%. The ex-dividend date is Tuesday, December 31st. Nutrien’s payout ratio is presently 144.97%.

Nutrien Company 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.