Qsemble Capital Management LP Has $769,000 Holdings in Nutrien Ltd. (NYSE:NTR)

Qsemble Capital Management LP decreased its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 40.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,005 shares of the company’s stock after selling 10,903 shares during the quarter. Qsemble Capital Management LP’s holdings in Nutrien were worth $769,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of NTR. Silchester International Investors LLP grew its holdings in Nutrien by 164.4% during the 3rd quarter. Silchester International Investors LLP now owns 10,683,242 shares of the company’s stock worth $513,437,000 after acquiring an additional 6,642,075 shares during the period. Bank of Montreal Can boosted its position in shares of Nutrien by 15.5% in the 2nd quarter. Bank of Montreal Can now owns 13,354,385 shares of the company’s stock worth $719,668,000 after purchasing an additional 1,794,333 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Nutrien by 78.8% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,495,282 shares of the company’s stock worth $121,271,000 after purchasing an additional 1,100,000 shares during the period. National Bank of Canada FI increased its holdings in Nutrien by 34.0% in the second quarter. National Bank of Canada FI now owns 4,066,629 shares of the company’s stock valued at $205,385,000 after purchasing an additional 1,032,763 shares during the last quarter. Finally, Public Sector Pension Investment Board acquired a new position in Nutrien in the second quarter valued at about $38,176,000. 63.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. BMO Capital Markets decreased their target price on Nutrien from $80.00 to $75.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Mizuho cut their target price on shares of Nutrien from $55.00 to $52.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Royal Bank of Canada restated an “outperform” rating and issued a $60.00 price objective on shares of Nutrien in a research report on Friday, September 20th. Hsbc Global Res lowered Nutrien from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. Finally, The Goldman Sachs Group cut Nutrien from a “buy” rating to a “neutral” rating and decreased their target price for the company from $69.00 to $53.00 in a research note on Tuesday, September 10th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $60.33.

Nutrien Trading Down 2.0 %

Shares of NYSE:NTR opened at $45.88 on Wednesday. The company’s 50-day moving average price is $47.99 and its two-hundred day moving average price is $49.94. Nutrien Ltd. has a one year low of $44.65 and a one year high of $60.87. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82. The stock has a market capitalization of $22.66 billion, a PE ratio of 30.79, a price-to-earnings-growth ratio of 1.64 and a beta of 0.82.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, November 6th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). The company had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.26 billion. Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The business’s revenue was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.35 EPS. On average, equities analysts forecast that Nutrien Ltd. will post 3.56 EPS for the current fiscal year.

Nutrien Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.939 per share. This represents a $3.76 dividend on an annualized basis and a yield of 8.19%. This is an increase from Nutrien’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Tuesday, December 31st. Nutrien’s payout ratio is presently 144.97%.

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.