Mitsubishi UFJ Asset Management UK Ltd. cut its stake in Nutrien Ltd (NYSE:NTR) by 62.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,000 shares of the company’s stock after selling 16,760 shares during the quarter. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in Nutrien were worth $479,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in NTR. First Interstate Bank increased its holdings in shares of Nutrien by 470.6% in the 3rd quarter. First Interstate Bank now owns 970 shares of the company’s stock valued at $48,000 after acquiring an additional 800 shares during the period. Kistler Tiffany Companies LLC grew its stake in Nutrien by 142.3% during the 4th quarter. Kistler Tiffany Companies LLC now owns 1,415 shares of the company’s stock worth $68,000 after buying an additional 831 shares during the last quarter. Commonwealth Bank of Australia grew its stake in Nutrien by 46.1% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,318 shares of the company’s stock worth $69,000 after buying an additional 416 shares during the last quarter. KCS Wealth Advisory purchased a new position in Nutrien during the 3rd quarter worth $75,000. Finally, Allred Capital Management LLC purchased a new position in Nutrien during the 4th quarter worth $77,000. Institutional investors and hedge funds own 63.88% of the company’s stock.
NTR has been the topic of several research analyst reports. CIBC set a $70.00 target price on Nutrien and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Sanford C. Bernstein downgraded Nutrien from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $68.00 to $53.00 in a research note on Wednesday. JPMorgan Chase & Co. dropped their target price on Nutrien from $54.00 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 2nd. Bernstein Bank downgraded Nutrien to a “market perform” rating and dropped their target price for the stock from $68.00 to $53.00 in a research note on Wednesday. Finally, Consumer Edge began coverage on Nutrien in a research note on Monday, September 23rd. They set an “overweight” rating and a $67.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Nutrien has an average rating of “Buy” and a consensus target price of $58.94.
Shares of NTR stock traded down $0.09 on Friday, hitting $47.02. The company had a trading volume of 52,750 shares, compared to its average volume of 1,337,282. The firm has a market cap of $27.02 billion, a P/E ratio of 17.49, a price-to-earnings-growth ratio of 2.09 and a beta of 0.90. The company has a 50-day moving average price of $47.57 and a 200-day moving average price of $49.55. The company has a quick ratio of 0.77, a current ratio of 1.28 and a debt-to-equity ratio of 0.41. Nutrien Ltd has a twelve month low of $45.82 and a twelve month high of $56.00.
Nutrien (NYSE:NTR) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.12). The company had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.02 billion. Nutrien had a net margin of 20.95% and a return on equity of 6.49%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the firm earned $0.47 EPS. Equities research analysts expect that Nutrien Ltd will post 2.16 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Tuesday, December 31st were issued a $0.45 dividend. The ex-dividend date was Monday, December 30th. This represents a $1.80 dividend on an annualized basis and a yield of 3.83%. Nutrien’s payout ratio is 66.91%.
Nutrien Company Profile
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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