Quantinno Capital Management LP Has $277,000 Stake in Nutrien Ltd. (NYSE:NTR)

Quantinno Capital Management LP lessened its stake in shares of Nutrien Ltd. (NYSE:NTR) by 33.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,754 shares of the company’s stock after selling 2,940 shares during the period. Quantinno Capital Management LP’s holdings in Nutrien were worth $277,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Central Pacific Bank Trust Division bought a new stake in Nutrien in the third quarter valued at $28,000. Family Firm Inc. bought a new stake in Nutrien in the 2nd quarter valued at about $32,000. Andra AP fonden acquired a new position in Nutrien during the 2nd quarter worth approximately $51,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Nutrien in the second quarter worth approximately $52,000. Finally, Rothschild Investment LLC bought a new position in Nutrien in the second quarter worth approximately $72,000. 63.10% of the stock is owned by institutional investors.

Nutrien Trading Down 2.7 %

NYSE:NTR opened at $46.89 on Tuesday. Nutrien Ltd. has a 1 year low of $44.65 and a 1 year high of $60.87. The stock’s fifty day moving average price is $47.79 and its two-hundred day moving average price is $48.89. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82. The company has a market cap of $23.09 billion, a P/E ratio of 31.47, a P/E/G ratio of 1.73 and a beta of 0.80.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, November 6th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The company had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.26 billion. During the same quarter in the prior year, the business earned $0.35 EPS. The firm’s revenue for the quarter was down 5.0% compared to the same quarter last year. As a group, analysts expect that Nutrien Ltd. will post 3.5 EPS for the current year.

Nutrien Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.939 per share. This represents a $3.76 dividend on an annualized basis and a yield of 8.01%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Nutrien’s previous quarterly dividend of $0.54. Nutrien’s dividend payout ratio is 144.97%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. CIBC reaffirmed an “outperformer” rating and set a $55.00 target price (down from $60.00) on shares of Nutrien in a research report on Tuesday, December 10th. Wells Fargo & Company downgraded shares of Nutrien from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $62.00 to $50.00 in a report on Tuesday, September 24th. Raymond James upgraded shares of Nutrien from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $58.00 to $60.00 in a report on Tuesday, December 3rd. Oppenheimer began coverage on Nutrien in a research note on Thursday, December 12th. They issued an “outperform” rating and a $60.00 price objective for the company. Finally, UBS Group lowered shares of Nutrien from a “buy” rating to a “neutral” rating and dropped their price target for the company from $66.00 to $51.00 in a research report on Thursday, October 10th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $58.95.

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.