CORDA Investment Management LLC. Cuts Stake in Nutrien Ltd. (NYSE:NTR)

CORDA Investment Management LLC. decreased its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 1.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 481,162 shares of the company’s stock after selling 4,915 shares during the period. Nutrien makes up about 2.4% of CORDA Investment Management LLC.’s holdings, making the stock its 17th biggest position. CORDA Investment Management LLC.’s holdings in Nutrien were worth $25,929,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of NTR. Vigilant Capital Management LLC purchased a new position in shares of Nutrien in the 1st quarter valued at about $25,000. Jackson Grant Investment Advisers Inc. purchased a new position in Nutrien in the first quarter valued at about $27,000. Meeder Asset Management Inc. acquired a new stake in shares of Nutrien during the 1st quarter valued at approximately $29,000. Capital Asset Advisory Services LLC purchased a new stake in shares of Nutrien during the 4th quarter worth approximately $30,000. Finally, First Command Bank grew its holdings in shares of Nutrien by 650.0% in the 1st quarter. First Command Bank now owns 600 shares of the company’s stock worth $32,000 after acquiring an additional 520 shares during the period. 64.16% of the stock is owned by institutional investors and hedge funds.

NYSE:NTR traded up $0.31 on Friday, hitting $64.88. 17,278 shares of the stock were exchanged, compared to its average volume of 2,081,839. The business has a fifty day moving average of $58.70. The stock has a market capitalization of $37.00 billion, a PE ratio of 59.79, a PEG ratio of 2.56 and a beta of 0.93. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.62 and a current ratio of 1.35. Nutrien Ltd. has a fifty-two week low of $30.56 and a fifty-two week high of $65.93.

Nutrien (NYSE:NTR) last posted its earnings results on Sunday, May 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.20. The firm had revenue of $4.66 billion during the quarter, compared to the consensus estimate of $4.37 billion. Nutrien had a net margin of 2.91% and a return on equity of 5.62%. The company’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.12) EPS. Research analysts expect that Nutrien Ltd. will post 3.15 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 16th. Stockholders of record on Wednesday, June 30th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Tuesday, June 29th. Nutrien’s dividend payout ratio is presently 75.00%.

Several analysts have weighed in on the company. Royal Bank of Canada upped their target price on Nutrien from $60.00 to $62.00 and gave the company an “outperform” rating in a report on Wednesday, April 14th. Raymond James set a $65.00 price objective on shares of Nutrien and gave the company a “strong-buy” rating in a research note on Friday, February 19th. Credit Suisse Group lifted their target price on shares of Nutrien from $51.00 to $53.00 and gave the stock a “neutral” rating in a research report on Thursday, February 25th. HSBC raised shares of Nutrien from a “hold” rating to a “buy” rating and raised their price objective for the stock from $60.00 to $68.00 in a research note on Monday, May 24th. Finally, TD Securities increased their price objective on Nutrien from $66.00 to $69.00 and gave the company a “buy” rating in a research note on Friday, April 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $61.10.

Nutrien Company Profile

Nutrien Ltd. provides crop inputs, services, and solutions. The company offers potash, nitrogen, phosphate, and sulfate products; and financial solutions. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through approximately 2,000 retail locations in the United States, Canada, South America, and Australia.

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Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

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