Nutrien Ltd (NTR) Shares Sold by Thomas White International Ltd.

Thomas White International Ltd. lessened its position in shares of Nutrien Ltd (NYSE:NTR) by 16.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 55,227 shares of the company’s stock after selling 10,681 shares during the quarter. Thomas White International Ltd.’s holdings in Nutrien were worth $2,914,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NTR. Boston Partners grew its holdings in Nutrien by 39.4% during the 1st quarter. Boston Partners now owns 12,584,872 shares of the company’s stock valued at $663,978,000 after buying an additional 3,556,556 shares in the last quarter. Toronto Dominion Bank boosted its holdings in shares of Nutrien by 94.6% in the 1st quarter. Toronto Dominion Bank now owns 5,494,159 shares of the company’s stock worth $289,969,000 after purchasing an additional 2,671,293 shares during the period. FMR LLC boosted its holdings in shares of Nutrien by 12.3% in the 4th quarter. FMR LLC now owns 16,680,675 shares of the company’s stock worth $783,535,000 after purchasing an additional 1,824,741 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new position in shares of Nutrien in the 1st quarter worth approximately $74,114,000. Finally, Mackenzie Financial Corp boosted its holdings in shares of Nutrien by 29.1% in the 4th quarter. Mackenzie Financial Corp now owns 4,503,277 shares of the company’s stock worth $211,654,000 after purchasing an additional 1,014,542 shares during the period. Institutional investors and hedge funds own 68.87% of the company’s stock.

Shares of NTR stock traded up $0.20 on Tuesday, reaching $48.67. 1,044,224 shares of the company’s stock were exchanged, compared to its average volume of 1,652,096. Nutrien Ltd has a 52 week low of $43.96 and a 52 week high of $58.99. The firm has a market capitalization of $28.51 billion, a P/E ratio of 18.09, a P/E/G ratio of 2.08 and a beta of 0.79.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.04). Nutrien had a return on equity of 12.95% and a net margin of 18.41%. The business had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same period in the prior year, the business posted $0.16 earnings per share. Nutrien’s revenue was up .7% on a year-over-year basis. On average, equities research analysts anticipate that Nutrien Ltd will post 2.97 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Friday, June 28th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend is Thursday, June 27th. Nutrien’s dividend payout ratio is currently 63.94%.

A number of equities analysts have recently commented on NTR shares. Raymond James reiterated a “strong-buy” rating and issued a $70.00 target price on shares of Nutrien in a report on Thursday, February 7th. Cowen reiterated an “outperform” rating and issued a $63.00 target price (down previously from $66.00) on shares of Nutrien in a report on Tuesday, April 23rd. Barclays reiterated a “buy” rating on shares of Nutrien in a report on Sunday, February 10th. Finally, Zacks Investment Research upgraded Nutrien from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 10th. Six research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $61.50.

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About Nutrien

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.

Further Reading: What is Depreciation?

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Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

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