Invesco Ltd. Sells 15,904 Shares of Nutrien Ltd. (NYSE:NTR)

Invesco Ltd. decreased its position in Nutrien Ltd. (NYSE:NTR) by 1.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,601,761 shares of the company’s stock after selling 15,904 shares during the period. Invesco Ltd. owned about 0.33% of Nutrien worth $71,679,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of NTR. Fairway Wealth LLC acquired a new position in shares of Nutrien in the fourth quarter valued at $27,000. HHM Wealth Advisors LLC raised its stake in shares of Nutrien by 331.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock valued at $28,000 after buying an additional 480 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Nutrien by 1,437.5% during the 4th quarter. Assetmark Inc. now owns 738 shares of the company’s stock worth $33,000 after acquiring an additional 690 shares during the period. Asset Planning Inc acquired a new stake in shares of Nutrien during the 4th quarter valued at about $35,000. Finally, Exchange Traded Concepts LLC increased its stake in Nutrien by 96.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock valued at $38,000 after acquiring an additional 416 shares during the period. Institutional investors own 63.10% of the company’s stock.

Nutrien Stock Performance

NYSE NTR opened at $52.15 on Tuesday. The firm has a market capitalization of $25.49 billion, a P/E ratio of 38.07, a price-to-earnings-growth ratio of 1.19 and a beta of 0.77. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. The firm’s fifty day moving average price is $50.75 and its two-hundred day moving average price is $49.16. Nutrien Ltd. has a 1 year low of $43.70 and a 1 year high of $60.87.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, February 19th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.09). Nutrien had a return on equity of 6.81% and a net margin of 2.62%. The business had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $5.09 billion. As a group, research analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Monday, March 31st were issued a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date was Monday, March 31st. Nutrien’s dividend payout ratio is 159.12%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Royal Bank of Canada restated an “outperform” rating and set a $60.00 price target on shares of Nutrien in a research note on Monday, February 24th. JPMorgan Chase & Co. upgraded Nutrien from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $40.00 to $50.00 in a research report on Monday, January 13th. Barclays upped their price target on Nutrien from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 5th. Piper Sandler lifted their price objective on Nutrien from $58.00 to $63.00 and gave the company an “overweight” rating in a report on Monday, January 27th. Finally, UBS Group upped their target price on shares of Nutrien from $53.00 to $54.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Nutrien presently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

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.