Mesirow Financial Investment Management Inc. Decreases Position in Nutrien Ltd. $NTR

Mesirow Financial Investment Management Inc. trimmed its position in shares of Nutrien Ltd. (NYSE:NTR) by 21.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,357 shares of the company’s stock after selling 1,175 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Nutrien were worth $254,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of NTR. Harbour Investments Inc. boosted its position in Nutrien by 94.8% during the first quarter. Harbour Investments Inc. now owns 715 shares of the company’s stock worth $35,000 after purchasing an additional 348 shares in the last quarter. Trust Co. of Toledo NA OH purchased a new stake in Nutrien during the second quarter worth $49,000. Allworth Financial LP boosted its position in Nutrien by 117.1% during the first quarter. Allworth Financial LP now owns 938 shares of the company’s stock worth $50,000 after purchasing an additional 506 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in Nutrien by 1,074.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,022 shares of the company’s stock worth $51,000 after purchasing an additional 935 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in Nutrien during the first quarter worth $54,000. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Wall Street Zen downgraded Nutrien from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 5th. Barclays upped their price objective on Nutrien from $61.00 to $64.00 and gave the company an “equal weight” rating in a research report on Monday, July 7th. Weiss Ratings restated a “hold (c)” rating on shares of Nutrien in a research report on Wednesday, October 8th. Royal Bank Of Canada restated an “outperform” rating on shares of Nutrien in a research report on Monday, July 14th. Finally, Wells Fargo & Company restated a “cautious” rating on shares of Nutrien in a research report on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $62.78.

Nutrien Stock Performance

NYSE NTR opened at $54.48 on Monday. The business’s 50-day moving average price is $57.72 and its 200 day moving average price is $58.19. Nutrien Ltd. has a twelve month low of $43.69 and a twelve month high of $65.08. The company has a market capitalization of $26.39 billion, a PE ratio of 19.53, a price-to-earnings-growth ratio of 0.92 and a beta of 0.82. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 0.39.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, August 6th. The company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.41 by $0.24. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The firm had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.40 billion. During the same period in the prior year, the business posted $2.34 earnings per share. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, research analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Monday, September 29th were given a dividend of $0.545 per share. The ex-dividend date was Monday, September 29th. This represents a $2.18 annualized dividend and a yield of 4.0%. Nutrien’s dividend payout ratio is 78.14%.

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.