Nutrien Ltd. $NTR Shares Sold by Citizens National Bank Trust Department

Citizens National Bank Trust Department lessened its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 25.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,130 shares of the company’s stock after selling 2,060 shares during the period. Citizens National Bank Trust Department’s holdings in Nutrien were worth $357,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its holdings in Nutrien by 184.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,243 shares of the company’s stock worth $608,000 after acquiring an additional 7,934 shares during the period. Intech Investment Management LLC grew its holdings in Nutrien by 284.0% during the first quarter. Intech Investment Management LLC now owns 69,128 shares of the company’s stock worth $3,430,000 after acquiring an additional 51,126 shares during the period. Covea Finance grew its holdings in Nutrien by 16.5% during the second quarter. Covea Finance now owns 73,500 shares of the company’s stock worth $4,265,000 after acquiring an additional 10,400 shares during the period. Farther Finance Advisors LLC grew its holdings in Nutrien by 27.6% during the first quarter. Farther Finance Advisors LLC now owns 4,627 shares of the company’s stock worth $229,000 after acquiring an additional 1,002 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Nutrien by 1.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 736,996 shares of the company’s stock worth $36,607,000 after acquiring an additional 7,194 shares during the period. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Stock Up 0.4%

NTR opened at $60.64 on Wednesday. The business’s fifty day moving average is $57.64 and its two-hundred day moving average is $57.10. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.85 and a current ratio of 1.33. The company has a market cap of $29.42 billion, a price-to-earnings ratio of 21.73, a PEG ratio of 0.99 and a beta of 0.82. Nutrien Ltd. has a one year low of $43.69 and a one year high of $65.08.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.24. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The business had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.40 billion. During the same period in the prior year, the business earned $2.34 earnings per share. The business’s revenue was up 2.8% on a year-over-year basis. Analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Monday, September 29th will be given a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Monday, September 29th. Nutrien’s dividend payout ratio is currently 78.14%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Jefferies Financial Group dropped their price objective on Nutrien from $61.00 to $60.00 and set a “hold” rating on the stock in a report on Tuesday, September 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Nutrien in a research report on Saturday, September 27th. National Bankshares began coverage on Nutrien in a research report on Friday, September 5th. They set a “sector perform” rating and a $64.00 target price on the stock. Raymond James Financial downgraded Nutrien from an “outperform” rating to a “market perform” rating and set a $68.00 target price on the stock. in a research report on Tuesday, June 17th. Finally, Scotiabank decreased their target price on Nutrien from $62.00 to $60.00 and set a “sector perform” rating on the stock in a research report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Nutrien has an average rating of “Hold” and an average price target of $62.39.

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.