Russell Investments Group Ltd. Sells 15,133 Shares of Nutrien Ltd. (NYSE:NTR)

by · The Cerbat Gem

Russell Investments Group Ltd. trimmed its position in shares of Nutrien Ltd. (NYSE:NTR – Free Report) by 4.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 301,648 shares of the company’s stock after selling 15,133 shares during the period. Russell Investments Group Ltd.’s holdings in Nutrien were worth $13,465,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Fairway Wealth LLC bought a new stake in shares of Nutrien during the 4th quarter worth approximately $27,000. HHM Wealth Advisors LLC lifted its stake in Nutrien by 331.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock worth $28,000 after purchasing an additional 480 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of Nutrien by 1,437.5% in the 4th quarter. Assetmark Inc. now owns 738 shares of the company’s stock valued at $33,000 after purchasing an additional 690 shares in the last quarter. Asset Planning Inc acquired a new stake in shares of Nutrien in the 4th quarter valued at $35,000. Finally, Exchange Traded Concepts LLC increased its stake in shares of Nutrien by 96.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock valued at $38,000 after purchasing an additional 416 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NTR has been the topic of several research analyst reports. The Goldman Sachs Group initiated coverage on Nutrien in a research note on Thursday, March 13th. They issued a “sell” rating and a $53.00 price objective on the stock. Barclays raised their price target on shares of Nutrien from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 5th. Royal Bank of Canada reiterated an “outperform” rating and set a $60.00 price objective on shares of Nutrien in a research report on Monday, February 24th. Mizuho raised their target price on shares of Nutrien from $52.00 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Finally, Scotiabank upped their price target on shares of Nutrien from $60.00 to $62.00 and gave the stock a “sector outperform” rating in a report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $60.00.

View Our Latest Report on NTR

Nutrien Trading Down 0.2 %

Shares of NTR stock opened at $48.31 on Friday. The stock has a 50-day moving average of $50.78 and a 200-day moving average of $49.10. 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 stock has a market cap of $23.61 billion, a price-to-earnings ratio of 35.26, a PEG ratio of 1.19 and a beta of 0.77. Nutrien Ltd. has a 1-year low of $43.70 and a 1-year high of $60.87.

Nutrien (NYSE:NTR – Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The firm had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.09 billion. On average, equities research analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Monday, March 31st were given a dividend of $0.545 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.18 dividend on an annualized basis and a yield of 4.51%. Nutrien’s dividend payout ratio (DPR) is currently 159.12%.

Nutrien Company Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding NTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nutrien Ltd. (NYSE:NTR – Free Report).