Valeo Financial Advisors LLC Decreases Holdings in Nutrien Ltd (NYSE:NTR)

Valeo Financial Advisors LLC trimmed its holdings in shares of Nutrien Ltd (NYSE:NTR) by 9.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,025 shares of the company’s stock after selling 320 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Nutrien were worth $151,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Manning & Napier Group LLC raised its position in Nutrien by 3.9% in the 3rd quarter. Manning & Napier Group LLC now owns 52,336 shares of the company’s stock worth $2,610,000 after purchasing an additional 1,949 shares during the period. Cardinal Capital Management Inc. raised its position in Nutrien by 1,038.5% in the 3rd quarter. Cardinal Capital Management Inc. now owns 5,920 shares of the company’s stock worth $295,000 after purchasing an additional 5,400 shares during the period. TIAA FSB bought a new position in Nutrien in the 3rd quarter worth about $6,768,000. River & Mercantile Asset Management LLP bought a new position in Nutrien in the 2nd quarter worth about $833,000. Finally, Natixis grew its stake in Nutrien by 27.9% in the 2nd quarter. Natixis now owns 8,716 shares of the company’s stock worth $467,000 after acquiring an additional 1,901 shares in the last quarter. Hedge funds and other institutional investors own 65.48% of the company’s stock.

A number of brokerages have commented on NTR. Citigroup set a $61.00 target price on shares of Nutrien and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Stifel Nicolaus dropped their target price on shares of Nutrien from $63.00 to $62.00 and set a “buy” rating on the stock in a research note on Friday, October 4th. Scotiabank set a $60.00 target price on shares of Nutrien and gave the stock a “buy” rating in a research note on Thursday, September 26th. UBS Group set a $62.00 target price on shares of Nutrien and gave the stock a “buy” rating in a research note on Tuesday, August 27th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Nutrien from $54.00 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Nutrien has an average rating of “Buy” and a consensus price target of $61.87.

Shares of NYSE NTR traded down $0.10 during midday trading on Friday, reaching $49.00. 30,860 shares of the company’s stock traded hands, compared to its average volume of 982,588. The stock’s 50 day simple moving average is $50.30 and its 200-day simple moving average is $51.46. Nutrien Ltd has a one year low of $43.96 and a one year high of $57.97. The company has a market cap of $28.19 billion, a price-to-earnings ratio of 18.22, a P/E/G ratio of 2.62 and a beta of 0.91.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Monday, July 29th. The company reported $1.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.59 by ($0.01). The firm had revenue of $8.66 billion for the quarter, compared to analysts’ expectations of $8.17 billion. During the same quarter in the previous year, the company posted $1.48 EPS. The business’s quarterly revenue was up 6.8% on a year-over-year basis. Equities analysts predict that Nutrien Ltd will post 2.38 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Monday, September 30th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, September 27th. This is an increase from Nutrien’s previous quarterly dividend of $0.43. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.67%. Nutrien’s dividend payout ratio (DPR) is currently 66.91%.

About Nutrien

Nutrien Ltd. produces and markets crop nutrients to agricultural, industrial, and feed customers worldwide. It operates in four segments: Retail, Potash, Nitrogen, and Phosphate and Sulfate. The company offers potash, nitrogen, phosphate, and sulfate products. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through operating 1,700 retail locations.

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Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

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