Nutrien Ltd. $NTR Shares Sold by Oxbow Advisors LLC

Oxbow Advisors LLC decreased its position in Nutrien Ltd. (NYSE:NTR) by 15.4% during the 2nd quarter, Holdings Channel reports. The fund owned 104,954 shares of the company’s stock after selling 19,079 shares during the quarter. Oxbow Advisors LLC’s holdings in Nutrien were worth $6,113,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Harbour Investments Inc. increased its stake in Nutrien by 94.8% in the first 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 last quarter. Trust Co. of Toledo NA OH acquired a new stake in Nutrien in the second quarter valued at $49,000. Allworth Financial LP lifted its holdings in Nutrien by 117.1% in the first quarter. Allworth Financial LP now owns 938 shares of the company’s stock valued at $50,000 after acquiring an additional 506 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in shares of Nutrien by 1,074.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,022 shares of the company’s stock worth $51,000 after buying an additional 935 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Nutrien by 4,866.7% during the 1st quarter. GAMMA Investing LLC now owns 1,043 shares of the company’s stock worth $52,000 after buying an additional 1,022 shares during the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. National Bankshares assumed coverage on Nutrien in a research report on Friday, September 5th. They set a “sector perform” rating and a $64.00 price objective for the company. Zacks Research cut Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Scotiabank dropped their price objective on Nutrien from $62.00 to $60.00 and set a “sector perform” rating for the company in a research report on Monday, August 11th. TD Securities lifted their price objective on Nutrien from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, August 11th. Finally, Bank of America reaffirmed a “neutral” rating and set a $67.00 price objective on shares of Nutrien in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $62.78.

Nutrien Trading Down 3.0%

NYSE NTR opened at $56.41 on Friday. Nutrien Ltd. has a 12 month low of $43.69 and a 12 month high of $65.08. The company has a 50-day moving average of $57.74 and a 200-day moving average of $57.47. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.33 and a quick ratio of 0.85. The company has a market cap of $27.37 billion, a P/E ratio of 20.22, a P/E/G ratio of 0.95 and a beta of 0.82.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.24. Nutrien had a net margin of 5.25% and a return on equity of 6.51%. The company had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.40 billion. During the same quarter in the prior year, the company posted $2.34 EPS. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. As a group, equities analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 29th will be given a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Monday, September 29th. Nutrien’s dividend payout ratio is 78.14%.

Nutrien 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.