Nikko Asset Management Americas Inc. Has $3.50 Million Stake in Nutrien Ltd. (NYSE:NTR)

Nikko Asset Management Americas Inc. trimmed its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 13.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,229 shares of the company’s stock after selling 12,679 shares during the period. Nikko Asset Management Americas Inc.’s holdings in Nutrien were worth $3,501,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Atria Investments Inc increased its stake in shares of Nutrien by 2.0% in the 3rd quarter. Atria Investments Inc now owns 14,636 shares of the company’s stock valued at $703,000 after buying an additional 290 shares during the period. Natixis Advisors LLC increased its stake in shares of Nutrien by 16.3% in the 3rd quarter. Natixis Advisors LLC now owns 34,519 shares of the company’s stock valued at $1,659,000 after buying an additional 4,832 shares during the period. Swiss National Bank increased its stake in shares of Nutrien by 0.8% in the 3rd quarter. Swiss National Bank now owns 1,495,836 shares of the company’s stock valued at $71,995,000 after buying an additional 11,800 shares during the period. Aviance Capital Partners LLC increased its stake in shares of Nutrien by 85.2% in the 3rd quarter. Aviance Capital Partners LLC now owns 23,872 shares of the company’s stock valued at $1,147,000 after buying an additional 10,981 shares during the period. Finally, Commerce Bank increased its stake in shares of Nutrien by 9.9% in the 3rd quarter. Commerce Bank now owns 4,826 shares of the company’s stock valued at $232,000 after buying an additional 433 shares during the period. 63.10% of the stock is owned by institutional investors and hedge funds.

Nutrien Stock Performance

Shares of Nutrien stock opened at $52.19 on Tuesday. The firm has a market cap of $25.53 billion, a price-to-earnings ratio of 38.09, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81. The stock’s 50-day moving average is $51.33 and its 200-day moving average is $48.71. Nutrien Ltd. has a one year low of $43.70 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.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). The firm had revenue of $5.08 billion during 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%. Equities analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders 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 dividend yield of 4.18%. Nutrien’s dividend payout ratio (DPR) is 159.12%.

Wall Street Analyst Weigh In

Several research firms have recently commented on NTR. Wells Fargo & Company lifted their target price on Nutrien from $53.00 to $56.00 and gave the company an “equal weight” rating in a research note on Friday, February 21st. Scotiabank raised their price target on Nutrien from $60.00 to $62.00 and gave the stock a “sector outperform” rating in a research report on Monday, February 24th. Barclays raised their price target on Nutrien from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 5th. Mizuho raised their price target on Nutrien from $52.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Finally, Raymond James upgraded Nutrien from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $58.00 to $60.00 in a research report on Tuesday, December 3rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $60.13.

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.