Brown Brothers Harriman & Co. Sells 3,032 Shares of Nutrien Ltd. (NYSE:NTR)

Brown Brothers Harriman & Co. lessened its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 44.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,778 shares of the company’s stock after selling 3,032 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Nutrien were worth $192,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Nutrien by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 18,781,287 shares of the company’s stock worth $1,020,012,000 after buying an additional 570,912 shares during the period. Parnassus Investments LLC grew its position in shares of Nutrien by 19.5% in the fourth quarter. Parnassus Investments LLC now owns 12,017,181 shares of the company’s stock valued at $676,928,000 after purchasing an additional 1,960,162 shares in the last quarter. First Eagle Investment Management LLC raised its stake in shares of Nutrien by 0.5% during the 1st quarter. First Eagle Investment Management LLC now owns 9,571,272 shares of the company’s stock valued at $519,816,000 after purchasing an additional 50,369 shares during the period. TD Asset Management Inc lifted its holdings in Nutrien by 28.6% during the 4th quarter. TD Asset Management Inc now owns 9,226,352 shares of the company’s stock worth $522,309,000 after purchasing an additional 2,050,358 shares in the last quarter. Finally, 1832 Asset Management L.P. boosted its stake in Nutrien by 10.6% in the 1st quarter. 1832 Asset Management L.P. now owns 8,839,216 shares of the company’s stock worth $480,058,000 after purchasing an additional 844,559 shares during the period. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Trading Down 0.2 %

NTR stock opened at $46.82 on Thursday. The company has a market capitalization of $23.16 billion, a PE ratio of 27.38, a price-to-earnings-growth ratio of 1.51 and a beta of 0.82. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.82 and a current ratio of 1.26. Nutrien Ltd. has a one year low of $44.65 and a one year high of $64.29. The company’s 50 day moving average price is $48.09 and its two-hundred day moving average price is $51.91.

Nutrien (NYSE:NTR) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $2.34 earnings per share for the quarter, topping the consensus estimate of $2.19 by $0.15. Nutrien had a net margin of 2.97% and a return on equity of 6.91%. The business had revenue of $10.16 billion during the quarter, compared to the consensus estimate of $10.82 billion. During the same period in the previous year, the firm posted $2.53 earnings per share. The firm’s revenue for the quarter was down 12.9% on a year-over-year basis. As a group, analysts predict that Nutrien Ltd. will post 3.81 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, September 27th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.16 annualized dividend and a yield of 4.61%. Nutrien’s payout ratio is 126.32%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NTR shares. Barclays decreased their price target on Nutrien from $68.00 to $55.00 and set an “overweight” rating on the stock in a research report on Friday, August 16th. BMO Capital Markets decreased their target price on shares of Nutrien from $80.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. TD Securities cut their price target on shares of Nutrien from $69.00 to $67.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Hsbc Global Res cut shares of Nutrien from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. Finally, Scotiabank dropped their price objective on Nutrien from $66.00 to $59.00 and set a “sector outperform” rating for the company in a research note on Monday, August 12th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $62.39.

About Nutrien

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.