Rathbones Group PLC Has $2.32 Million Holdings in Nutrien Ltd. $NTR

Rathbones Group PLC decreased its position in shares of Nutrien Ltd. (NYSE:NTR) by 5.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,831 shares of the company’s stock after selling 2,345 shares during the quarter. Rathbones Group PLC’s holdings in Nutrien were worth $2,320,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Harbour Investments Inc. grew its position in Nutrien by 94.8% in the 1st quarter. Harbour Investments Inc. now owns 715 shares of the company’s stock valued at $35,000 after purchasing an additional 348 shares during the period. Huntington National Bank raised its holdings in Nutrien by 72.6% during the second quarter. Huntington National Bank now owns 656 shares of the company’s stock worth $38,000 after buying an additional 276 shares during the last quarter. Trust Co. of Toledo NA OH bought a new position in shares of Nutrien in the second quarter valued at $49,000. Allworth Financial LP grew its holdings in shares of Nutrien by 117.1% during the first quarter. Allworth Financial LP now owns 938 shares of the company’s stock valued at $50,000 after buying an additional 506 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of 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 valued at $51,000 after buying an additional 935 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors.

Nutrien Price Performance

Nutrien stock opened at $58.94 on Tuesday. Nutrien Ltd. has a 52 week low of $43.69 and a 52 week high of $65.08. The company’s 50 day moving average price is $57.40 and its two-hundred day moving average price is $58.30. The stock has a market cap of $28.55 billion, a P/E ratio of 21.12, a P/E/G ratio of 0.92 and a beta of 0.83. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 0.39.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.06. The company had revenue of $5.82 billion during the quarter, compared to the consensus estimate of $5.59 billion. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.Nutrien’s revenue was up 12.3% on a year-over-year basis. During the same period last year, the business posted $0.39 earnings per share. On average, equities analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.545 per share. 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 dividend payout ratio (DPR) is currently 58.76%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NTR shares. Royal Bank Of Canada restated an “outperform” rating on shares of Nutrien in a report on Monday, July 14th. Wall Street Zen lowered Nutrien from a “strong-buy” rating to a “buy” rating in a report on Friday, September 5th. Bank of America restated a “neutral” rating and issued a $67.00 target price on shares of Nutrien in a report on Tuesday, October 14th. Zacks Research cut Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Finally, Mizuho decreased their price target on Nutrien from $64.00 to $61.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $63.00.

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.