Nutrien Ltd. (NYSE:NTR) Shares Sold by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. decreased its stake in shares of Nutrien Ltd. (NYSE:NTRFree Report) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,109,013 shares of the company’s stock after selling 54,209 shares during the period. Epoch Investment Partners Inc. owned 0.22% of Nutrien worth $62,471,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of NTR. Exchange Traded Concepts LLC increased its position in Nutrien by 904.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 753 shares of the company’s stock worth $42,000 after buying an additional 678 shares in the last quarter. Evolution Advisers Inc. purchased a new position in Nutrien during the fourth quarter worth $49,000. CVA Family Office LLC purchased a new position in Nutrien during the fourth quarter worth $57,000. Parallel Advisors LLC increased its position in Nutrien by 41.0% during the fourth quarter. Parallel Advisors LLC now owns 1,049 shares of the company’s stock worth $59,000 after buying an additional 305 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Nutrien in the fourth quarter valued at $61,000. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Mizuho lifted their price objective on Nutrien from $54.00 to $56.00 and gave the company an “underweight” rating in a research report on Friday, May 17th. TD Securities lowered their price objective on Nutrien from $75.00 to $67.00 and set a “buy” rating for the company in a research report on Tuesday, February 20th. Wells Fargo & Company boosted their price target on Nutrien from $67.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, May 10th. Jefferies Financial Group began coverage on Nutrien in a research report on Tuesday, March 26th. They set a “buy” rating and a $62.00 price target for the company. Finally, Piper Sandler boosted their price target on Nutrien from $54.00 to $56.00 and gave the company an “underweight” rating in a research report on Friday, May 17th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Nutrien currently has an average rating of “Hold” and a consensus price target of $67.32.

Check Out Our Latest Stock Report on NTR

Nutrien Stock Performance

Shares of NYSE:NTR traded down $0.46 during trading on Friday, hitting $55.41. 1,290,319 shares of the company traded hands, compared to its average volume of 1,392,315. The stock has a market capitalization of $27.41 billion, a price-to-earnings ratio of 32.42, a PEG ratio of 1.79 and a beta of 0.87. The business’s fifty day moving average is $55.60 and its 200-day moving average is $54.03. Nutrien Ltd. has a one year low of $47.90 and a one year high of $69.12. The company has a quick ratio of 0.53, a current ratio of 1.15 and a debt-to-equity ratio of 0.36.

Nutrien (NYSE:NTRGet Free Report) last posted its earnings results on Wednesday, May 8th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.34 by $0.11. The company had revenue of $5.39 billion during the quarter, compared to analyst estimates of $5.38 billion. Nutrien had a return on equity of 7.31% and a net margin of 3.01%. As a group, equities analysts predict that Nutrien Ltd. will post 3.9 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, June 28th will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date is Friday, June 28th. Nutrien’s dividend payout ratio (DPR) is 126.32%.

About Nutrien

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

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