Nutrien Ltd. $NTR Stock Position Decreased by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC trimmed its stake in Nutrien Ltd. (NYSE:NTR) by 49.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 348,369 shares of the company’s stock after selling 338,885 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Nutrien were worth $20,288,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of NTR. Avantax Advisory Services Inc. purchased a new position in Nutrien in the 1st quarter worth about $206,000. Cetera Investment Advisers lifted its stake in Nutrien by 10.0% during the first quarter. Cetera Investment Advisers now owns 41,030 shares of the company’s stock valued at $2,036,000 after buying an additional 3,718 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of Nutrien by 153.9% in the first quarter. Assetmark Inc. now owns 1,874 shares of the company’s stock worth $93,000 after buying an additional 1,136 shares during the period. LPL Financial LLC increased its position in shares of Nutrien by 3.1% in the first quarter. LPL Financial LLC now owns 107,957 shares of the company’s stock worth $5,362,000 after acquiring an additional 3,225 shares in the last quarter. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Nutrien during the first quarter valued at approximately $77,000. 63.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on NTR. Jefferies Financial Group decreased their price objective on shares of Nutrien from $61.00 to $60.00 and set a “hold” rating for the company in a research note on Tuesday, September 9th. Oppenheimer restated an “outperform” rating on shares of Nutrien in a report on Wednesday, October 22nd. Bank of America reiterated a “neutral” rating and set a $67.00 price target on shares of Nutrien in a report on Tuesday, October 14th. TD Securities increased their price objective on Nutrien from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. Finally, Wells Fargo & Company assumed coverage on Nutrien in a research report on Tuesday, November 11th. They set an “equal weight” rating and a $64.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $62.94.

Nutrien Trading Up 1.6%

NYSE NTR opened at $58.33 on Friday. Nutrien Ltd. has a 1-year low of $43.69 and a 1-year high of $65.08. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $28.20 billion, a PE ratio of 20.91, a price-to-earnings-growth ratio of 0.92 and a beta of 0.83. The firm’s fifty day simple moving average is $57.58 and its 200-day simple moving average is $58.41.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.06. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The firm had revenue of $5.82 billion during the quarter, compared to analysts’ expectations of $5.59 billion. During the same quarter last year, the firm earned $0.39 earnings per share. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Wednesday, December 31st will be paid a $0.545 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $2.18 annualized dividend and a dividend yield of 3.7%. Nutrien’s payout ratio is presently 58.76%.

About Nutrien

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.