Epoch Investment Partners Inc. Sells 82,752 Shares of Nutrien Ltd. $NTR

Epoch Investment Partners Inc. trimmed its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 6.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,225,719 shares of the company’s stock after selling 82,752 shares during the quarter. Epoch Investment Partners Inc. owned approximately 0.25% of Nutrien worth $71,386,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Huntington National Bank boosted its stake in shares of Nutrien by 72.6% during the 2nd quarter. Huntington National Bank now owns 656 shares of the company’s stock worth $38,000 after acquiring an additional 276 shares during the last quarter. Harbour Investments Inc. lifted its position in Nutrien by 94.8% during 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 in the last quarter. Trust Co. of Toledo NA OH bought a new stake in Nutrien during the second quarter valued at about $49,000. AlphaCore Capital LLC bought a new stake in Nutrien during the second quarter valued at about $56,000. Finally, Andra AP fonden purchased a new stake in Nutrien in the second quarter worth about $58,000. 63.10% of the stock is currently owned by institutional investors.

Nutrien Price Performance

NTR stock opened at $60.04 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.89 and a current ratio of 1.41. The company’s fifty day moving average price is $57.76 and its 200-day moving average price is $58.48. Nutrien Ltd. has a one year low of $43.69 and a one year high of $65.08. The company has a market capitalization of $29.03 billion, a PE ratio of 16.18, a price-to-earnings-growth ratio of 0.70 and a beta of 0.72.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.06. The company had revenue of $5.82 billion for the quarter, compared to the consensus estimate of $5.59 billion. Nutrien had a net margin of 6.79% and a return on equity of 7.54%. Nutrien’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 EPS. On average, equities analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Wednesday, December 31st will be given a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Wednesday, December 31st. Nutrien’s payout ratio is currently 58.76%.

Analyst Ratings Changes

A number of brokerages recently issued reports on NTR. Mizuho cut their price objective on Nutrien from $64.00 to $61.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Scotiabank lowered their price target on shares of Nutrien from $65.00 to $63.00 and set a “sector perform” rating on the stock in a report on Monday, November 10th. UBS Group reduced their price objective on shares of Nutrien from $63.00 to $58.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Oppenheimer restated an “outperform” rating on shares of Nutrien in a research report on Wednesday, October 22nd. Finally, National Bankshares assumed coverage on shares of Nutrien in a report on Friday, September 5th. They issued a “sector perform” rating and a $64.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $62.94.

Nutrien Company 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.