Fiduciary Management Inc. WI decreased its position in Nutrien Ltd (NYSE:NTR) by 1.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 10,127,392 shares of the company’s stock after selling 129,362 shares during the quarter. Nutrien comprises 3.5% of Fiduciary Management Inc. WI’s holdings, making the stock its 6th largest position. Fiduciary Management Inc. WI’s holdings in Nutrien were worth $541,410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of NTR. Natixis increased its stake in Nutrien by 27.9% in the 2nd quarter. Natixis now owns 8,716 shares of the company’s stock worth $467,000 after purchasing an additional 1,901 shares during the period. Meadow Creek Investment Management LLC boosted its stake in shares of Nutrien by 17.1% during the second quarter. Meadow Creek Investment Management LLC now owns 7,684 shares of the company’s stock valued at $395,000 after purchasing an additional 1,122 shares during the period. Glen Harbor Capital Management LLC boosted its stake in shares of Nutrien by 17.1% during the second quarter. Glen Harbor Capital Management LLC now owns 4,972 shares of the company’s stock valued at $256,000 after purchasing an additional 726 shares during the period. Commonwealth Bank of Australia grew its holdings in shares of Nutrien by 46.1% in the second quarter. Commonwealth Bank of Australia now owns 1,318 shares of the company’s stock worth $69,000 after purchasing an additional 416 shares during the last quarter. Finally, Elkfork Partners LLC grew its holdings in shares of Nutrien by 17.1% in the second quarter. Elkfork Partners LLC now owns 6,328 shares of the company’s stock worth $325,000 after purchasing an additional 924 shares during the last quarter. 65.50% of the stock is owned by institutional investors and hedge funds.
NTR has been the subject of a number of recent analyst reports. Citigroup set a $61.00 price target on shares of Nutrien and gave the company a “buy” rating in a report on Wednesday, July 31st. Bank of America raised shares of Nutrien from an “underperform” rating to a “neutral” rating in a research report on Friday, August 16th. TD Securities raised their price target on shares of Nutrien from $68.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. UBS Group set a $62.00 price objective on shares of Nutrien and gave the company a “buy” rating in a research report on Tuesday, August 27th. Finally, Zacks Investment Research cut shares of Nutrien from a “hold” rating to a “sell” rating in a research report on Friday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $61.54.
Nutrien (NYSE:NTR) last issued its quarterly earnings data on Monday, July 29th. The company reported $1.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.59 by ($0.01). The business had revenue of $8.66 billion for the quarter, compared to analyst estimates of $8.17 billion. During the same period in the previous year, the business earned $1.48 EPS. The company’s quarterly revenue was up 6.8% on a year-over-year basis. As a group, research analysts predict that Nutrien Ltd will post 2.56 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 3.52%. This is a boost from Nutrien’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Friday, September 27th. Nutrien’s dividend payout ratio (DPR) is currently 63.94%.
Nutrien Ltd. produces and markets crop nutrients to agricultural, industrial, and feed customers worldwide. It operates in four segments: Retail, Potash, Nitrogen, and Phosphate and Sulfate. The company offers potash, nitrogen, phosphate, and sulfate products. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through operating 1,700 retail locations.
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