Invesco Ltd. Has $71.68 Million Stock Holdings in Nutrien Ltd. (NYSE:NTR)

Invesco Ltd. trimmed its position in Nutrien Ltd. (NYSE:NTR) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,601,761 shares of the company’s stock after selling 15,904 shares during the quarter. Invesco Ltd.’s holdings in Nutrien were worth $71,679,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Orion Portfolio Solutions LLC acquired a new position in Nutrien during the 3rd quarter worth approximately $200,000. Geode Capital Management LLC grew its stake in shares of Nutrien by 9.4% during the third quarter. Geode Capital Management LLC now owns 2,319,603 shares of the company’s stock worth $112,454,000 after buying an additional 198,620 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Nutrien during the third quarter worth $815,000. Wilmington Savings Fund Society FSB bought a new position in shares of Nutrien in the 3rd quarter valued at $2,237,000. Finally, Syntax Research Inc. boosted its holdings in shares of Nutrien by 11.4% during the 3rd quarter. Syntax Research Inc. now owns 64,836 shares of the company’s stock valued at $3,116,000 after acquiring an additional 6,637 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. CIBC raised their price objective on shares of Nutrien from $64.00 to $66.00 and gave the company an “outperformer” rating in a report on Tuesday, February 25th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $60.00 price target on shares of Nutrien in a research note on Monday, February 24th. Mizuho increased their price objective on Nutrien from $52.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. The Goldman Sachs Group began coverage on Nutrien in a report on Thursday, March 13th. They set a “sell” rating and a $53.00 target price on the stock. Finally, Scotiabank increased their price target on Nutrien from $60.00 to $62.00 and gave the company a “sector outperform” rating in a research note on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

Nutrien Stock Up 1.9 %

Shares of NYSE NTR opened at $52.15 on Tuesday. The firm has a fifty day simple moving average of $50.75 and a two-hundred day simple moving average of $49.16. Nutrien Ltd. has a 12 month low of $43.70 and a 12 month high of $60.87. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $25.49 billion, a PE ratio of 38.07, a price-to-earnings-growth ratio of 1.19 and a beta of 0.77.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.09). The firm had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $5.09 billion. Nutrien had a return on equity of 6.81% and a net margin of 2.62%. Equities analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Monday, March 31st were paid a $0.545 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.18%. Nutrien’s dividend payout ratio is currently 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.