Euro Pacific Asset Management LLC Sells 595 Shares of Nutrien Ltd. (NYSE:NTR)

Euro Pacific Asset Management LLC decreased its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 0.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 115,792 shares of the company’s stock after selling 595 shares during the period. Euro Pacific Asset Management LLC’s holdings in Nutrien were worth $6,607,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. GHP Investment Advisors Inc. acquired a new stake in shares of Nutrien in the 3rd quarter worth about $27,000. Legacy Financial Group LLC purchased a new position in shares of Nutrien during the third quarter valued at approximately $28,000. Covestor Ltd bought a new stake in Nutrien during the first quarter worth $30,000. Zions Bancorporation N.A. grew its holdings in Nutrien by 55.2% during the first quarter. Zions Bancorporation N.A. now owns 301 shares of the company’s stock worth $31,000 after buying an additional 107 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in Nutrien by 904.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 753 shares of the company’s stock worth $42,000 after acquiring an additional 678 shares during the last quarter. 63.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NTR has been the topic of several recent analyst reports. Wells Fargo & Company dropped their target price on shares of Nutrien from $77.00 to $69.00 and set an “overweight” rating on the stock in a research report on Monday, February 26th. JPMorgan Chase & Co. downgraded shares of Nutrien from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $58.00 to $48.00 in a report on Friday, February 23rd. The Goldman Sachs Group decreased their price objective on shares of Nutrien from $88.00 to $78.00 and set a “buy” rating for the company in a report on Thursday, February 1st. Stifel Nicolaus upped their price objective on Nutrien from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, January 19th. Finally, Raymond James downgraded Nutrien from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $80.00 to $65.00 in a research report on Friday, January 12th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $67.95.

Nutrien Price Performance

NTR traded up $0.49 on Thursday, reaching $52.30. The company had a trading volume of 676,021 shares, compared to its average volume of 2,032,965. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.65 and a current ratio of 1.17. Nutrien Ltd. has a 52-week low of $47.90 and a 52-week high of $73.41. The company has a market cap of $25.87 billion, a price-to-earnings ratio of 20.48, a P/E/G ratio of 1.89 and a beta of 0.89. The business has a 50 day simple moving average of $52.84 and a 200 day simple moving average of $54.37.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.35). Nutrien had a return on equity of 8.59% and a net margin of 4.33%. The firm had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.36 billion. During the same period last year, the firm earned $2.02 EPS. The company’s revenue for the quarter was down 24.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Nutrien Ltd. will post 3.91 EPS for the current year.

Nutrien Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were paid a $0.54 dividend. The ex-dividend date was Wednesday, March 27th. This is an increase from Nutrien’s previous quarterly dividend of $0.53. This represents a $2.16 annualized dividend and a yield of 4.13%. Nutrien’s payout ratio is currently 85.38%.

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.