Point72 Asset Management L.P. Lowers Stock Holdings in Nutrien Ltd. (NYSE:NTR)

Point72 Asset Management L.P. reduced its stake in Nutrien Ltd. (NYSE:NTR) by 95.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,950 shares of the company’s stock after selling 137,450 shares during the period. Point72 Asset Management L.P.’s holdings in Nutrien were worth $354,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. increased its holdings in Nutrien by 4.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 22,825 shares of the company’s stock valued at $1,162,000 after acquiring an additional 1,000 shares during the last quarter. Creative Planning increased its holdings in Nutrien by 1.3% in the 2nd quarter. Creative Planning now owns 36,051 shares of the company’s stock valued at $1,835,000 after acquiring an additional 451 shares during the last quarter. Scientech Research LLC bought a new stake in Nutrien in the 2nd quarter valued at $420,000. Lighthouse Investment Partners LLC bought a new stake in Nutrien in the 2nd quarter valued at $308,000. Finally, APG Asset Management N.V. increased its holdings in Nutrien by 3.6% in the 2nd quarter. APG Asset Management N.V. now owns 993,979 shares of the company’s stock valued at $47,206,000 after acquiring an additional 34,081 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NTR. Piper Sandler reduced their target price on shares of Nutrien from $56.00 to $55.00 and set an “underweight” rating on the stock in a report on Tuesday, June 11th. BMO Capital Markets reduced 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. Scotiabank reduced their target price on shares of Nutrien from $66.00 to $59.00 and set a “sector outperform” rating on the stock in a report on Monday, August 12th. UBS Group reduced their target price on shares of Nutrien from $67.00 to $66.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Finally, Wells Fargo & Company downgraded shares of Nutrien from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $62.00 to $50.00 in a report on Tuesday, September 24th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Nutrien currently has a consensus rating of “Hold” and a consensus target price of $61.50.

Nutrien Price Performance

Nutrien stock opened at $49.82 on Friday. The stock has a market cap of $24.65 billion, a price-to-earnings ratio of 29.13, a price-to-earnings-growth ratio of 1.58 and a beta of 0.82. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.26 and a quick ratio of 0.82. Nutrien Ltd. has a 1 year low of $44.65 and a 1 year high of $62.53. The firm has a 50-day moving average of $47.60 and a two-hundred day moving average of $51.54.

Nutrien (NYSE:NTR) last announced 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 firm had revenue of $10.16 billion during the quarter, compared to analysts’ expectations of $10.82 billion. During the same quarter in the prior year, the company earned $2.53 EPS. The company’s revenue was down 12.9% compared to the same quarter last year. On average, research analysts forecast that Nutrien Ltd. will post 3.83 earnings per share for the current year.

Nutrien Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, September 27th will be given a $0.54 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.16 annualized dividend and a dividend yield of 4.34%. Nutrien’s payout ratio is presently 126.32%.

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.