Zurcher Kantonalbank Zurich Cantonalbank Has $11.38 Million Stock Position in Nutrien Ltd. $NTR

Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in Nutrien Ltd. (NYSE:NTR) by 39.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 184,179 shares of the company’s stock after selling 118,522 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Nutrien were worth $11,383,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Nutrien by 0.4% in the third quarter. Vanguard Group Inc. now owns 21,983,443 shares of the company’s stock valued at $1,291,022,000 after purchasing an additional 80,135 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Nutrien by 19.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 14,221,381 shares of the company’s stock valued at $834,962,000 after purchasing an additional 2,276,651 shares during the last quarter. TD Asset Management Inc raised its position in Nutrien by 16.5% in the third quarter. TD Asset Management Inc now owns 7,368,861 shares of the company’s stock valued at $432,838,000 after purchasing an additional 1,043,766 shares during the last quarter. Capital International Investors increased its position in Nutrien by 1.7% in the 3rd quarter. Capital International Investors now owns 5,539,645 shares of the company’s stock valued at $325,325,000 after acquiring an additional 95,274 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Nutrien by 1.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,509,107 shares of the company’s stock valued at $323,409,000 after acquiring an additional 78,842 shares during the period. Institutional investors and hedge funds own 63.10% of the company’s stock.

Analyst Upgrades and Downgrades

NTR has been the subject of several recent research reports. Royal Bank Of Canada upped their price target on shares of Nutrien from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Tuesday, April 7th. BNP Paribas Exane cut shares of Nutrien from an “outperform” rating to a “neutral” rating in a research report on Monday, February 23rd. Raymond James Financial upped their price target on shares of Nutrien from $68.00 to $74.00 and gave the company a “market perform” rating in a research report on Friday, February 20th. Wells Fargo & Company upgraded shares of Nutrien from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $77.00 to $100.00 in a research report on Friday, March 13th. Finally, Bank of America upped their price target on Nutrien from $75.00 to $81.00 and gave the company a “neutral” rating in a research report on Wednesday, March 18th. Ten investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $80.06.

Nutrien Stock Performance

NTR stock opened at $72.18 on Friday. The stock has a 50-day moving average price of $74.59 and a 200-day moving average price of $66.07. Nutrien Ltd. has a 1-year low of $53.03 and a 1-year high of $85.36. The company has a current ratio of 1.34, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. The firm has a market cap of $34.70 billion, a PE ratio of 15.49 and a beta of 0.69.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.04). Nutrien had a return on equity of 8.41% and a net margin of 8.43%.The business had revenue of $5.12 billion during the quarter, compared to the consensus estimate of $5.26 billion. During the same period last year, the business posted $0.31 earnings per share. The business’s revenue was up 5.1% on a year-over-year basis. As a group, equities research analysts expect that Nutrien Ltd. will post 4.69 earnings per share for the current year.

Nutrien Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 16th. Stockholders of record on Tuesday, March 31st were given a dividend of $0.55 per share. This is a positive change from Nutrien’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.20 annualized dividend and a dividend yield of 3.0%. Nutrien’s payout ratio is 47.21%.

Nutrien Profile

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.