Graham Capital Management L.P. Reduces Stake in Nutrien Ltd. (NYSE:NTR)

Graham Capital Management L.P. trimmed its stake in Nutrien Ltd. (NYSE:NTR) by 35.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,353 shares of the company’s stock after selling 11,870 shares during the quarter. Graham Capital Management L.P.’s holdings in Nutrien were worth $956,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Uncommon Cents Investing LLC boosted its stake in Nutrien by 2.1% in the fourth quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company’s stock valued at $517,000 after acquiring an additional 235 shares during the last quarter. Rhumbline Advisers raised its position in shares of Nutrien by 3.5% in the fourth quarter. Rhumbline Advisers now owns 7,398 shares of the company’s stock valued at $331,000 after purchasing an additional 247 shares during the period. FFT Wealth Management LLC raised its position in shares of Nutrien by 0.9% in the fourth quarter. FFT Wealth Management LLC now owns 29,732 shares of the company’s stock valued at $1,330,000 after purchasing an additional 277 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Nutrien by 23.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,804 shares of the company’s stock valued at $81,000 after purchasing an additional 348 shares during the period. Finally, PFG Investments LLC raised its position in shares of Nutrien by 2.0% in the fourth quarter. PFG Investments LLC now owns 20,097 shares of the company’s stock valued at $899,000 after purchasing an additional 386 shares during the period. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NTR has been the topic of a number of analyst reports. Royal Bank of Canada upped their target price on shares of Nutrien from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Monday. Mizuho upped their target price on shares of Nutrien from $52.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. UBS Group upped their target price on shares of Nutrien from $52.00 to $56.00 and gave the stock a “neutral” rating in a report on Thursday, May 8th. Wells Fargo & Company upped their target price on shares of Nutrien from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, Barclays upped their target price on shares of Nutrien from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Nutrien currently has a consensus rating of “Moderate Buy” and an average price target of $61.20.

Nutrien Price Performance

Shares of NYSE:NTR opened at $58.05 on Wednesday. The stock has a market cap of $28.34 billion, a PE ratio of 42.37, a PEG ratio of 1.19 and a beta of 0.79. The company’s fifty day moving average is $52.24 and its 200 day moving average is $50.09. Nutrien Ltd. has a 52 week low of $43.70 and a 52 week high of $60.87. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, May 7th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.24). The business had revenue of $4.67 billion during the quarter, compared to analysts’ expectations of $5.16 billion. Nutrien had a return on equity of 6.81% and a net margin of 2.62%. Nutrien’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.46 EPS. Research analysts anticipate that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 30th will be issued a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend is Monday, June 30th. Nutrien’s dividend payout ratio (DPR) is presently 203.74%.

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.