Sei Investments Co. Sells 2,680 Shares of Nutrien Ltd. (NYSE:NTR)

Sei Investments Co. trimmed its holdings in Nutrien Ltd. (NYSE:NTR) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 84,886 shares of the company’s stock after selling 2,680 shares during the period. Sei Investments Co.’s holdings in Nutrien were worth $3,799,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in NTR. ARGA Investment Management LP raised its position in Nutrien by 25.7% in the 4th quarter. ARGA Investment Management LP now owns 6,043,590 shares of the company’s stock valued at $270,396,000 after buying an additional 1,236,671 shares during the last quarter. Silchester International Investors LLP grew its stake in shares of Nutrien by 9.5% in the 4th quarter. Silchester International Investors LLP now owns 11,693,137 shares of the company’s stock worth $523,268,000 after acquiring an additional 1,009,895 shares in the last quarter. Pacific Heights Asset Management LLC raised its holdings in shares of Nutrien by 462.1% in the fourth quarter. Pacific Heights Asset Management LLC now owns 815,000 shares of the company’s stock valued at $36,471,000 after purchasing an additional 670,000 shares during the last quarter. Toronto Dominion Bank lifted its position in shares of Nutrien by 11.9% during the third quarter. Toronto Dominion Bank now owns 4,220,354 shares of the company’s stock valued at $202,830,000 after purchasing an additional 447,413 shares in the last quarter. Finally, Amundi lifted its position in shares of Nutrien by 9.1% during the fourth quarter. Amundi now owns 2,483,017 shares of the company’s stock valued at $117,024,000 after purchasing an additional 207,012 shares in the last quarter. 63.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Barclays lifted their target price on Nutrien from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 5th. Scotiabank lifted their price objective on shares of Nutrien from $60.00 to $62.00 and gave the stock a “sector outperform” rating in a research report on Monday, February 24th. The Goldman Sachs Group started coverage on shares of Nutrien in a research report on Thursday, March 13th. They set a “sell” rating and a $53.00 target price for the company. UBS Group lifted their price target on shares of Nutrien from $53.00 to $54.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $60.00 price objective on shares of Nutrien in a research note on Monday, February 24th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $60.00.

Nutrien Stock Performance

NTR stock opened at $49.94 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82. Nutrien Ltd. has a 1-year low of $43.70 and a 1-year high of $60.87. The business has a 50-day moving average price of $51.47 and a 200 day moving average price of $49.07. The company has a market capitalization of $24.41 billion, a P/E ratio of 36.45, a PEG ratio of 1.19 and a beta of 0.81.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.09). The company had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. As a group, equities research analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be issued a $0.545 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.18 dividend on an annualized basis and a yield of 4.37%. Nutrien’s dividend payout ratio is presently 159.12%.

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.