Sumitomo Mitsui Trust Group Inc. Has $8.27 Million Stock Holdings in Nutrien Ltd. $NTR

Sumitomo Mitsui Trust Group Inc. increased its position in shares of Nutrien Ltd. (NYSE:NTR) by 17.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,599 shares of the company’s stock after acquiring an additional 16,673 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Nutrien were worth $8,270,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NTR. Burney Co. grew its stake in Nutrien by 151.6% in the first quarter. Burney Co. now owns 30,264 shares of the company’s stock valued at $2,284,000 after purchasing an additional 18,235 shares in the last quarter. Integrated Advisors Network LLC acquired a new stake in shares of Nutrien during the 1st quarter valued at about $2,091,000. Ascentis Independent Advisors acquired a new stake in shares of Nutrien during the 1st quarter valued at about $228,000. Evolution Wealth Management Inc. bought a new stake in shares of Nutrien in the 1st quarter valued at approximately $32,000. Finally, Oxbow Advisors LLC grew its stake in shares of Nutrien by 6.3% in the 1st quarter. Oxbow Advisors LLC now owns 152,059 shares of the company’s stock valued at $11,474,000 after buying an additional 9,078 shares in the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Stock Up 1.6%

Shares of NTR stock opened at $68.65 on Wednesday. The stock’s 50 day simple moving average is $67.05 and its 200 day simple moving average is $69.80. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 1.24. Nutrien Ltd. has a twelve month low of $53.03 and a twelve month high of $85.36. The company has a market capitalization of $32.90 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 0.65 and a beta of 0.62.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. The firm had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.30 billion. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The company’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.11 EPS. As a group, research analysts predict that Nutrien Ltd. will post 5.19 EPS for the current year.

Nutrien Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Tuesday, June 30th. Nutrien’s payout ratio is presently 44.81%.

Analyst Ratings Changes

NTR has been the topic of several recent research reports. BMO Capital Markets raised their price objective on shares of Nutrien from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, March 18th. Mizuho decreased their target price on shares of Nutrien from $77.00 to $75.00 and set a “neutral” rating for the company in a research report on Tuesday. Royal Bank Of Canada increased their price target on shares of Nutrien from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 7th. Wall Street Zen downgraded shares of Nutrien from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Bank of America raised shares of Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 price objective for the company in a research note on Thursday, April 30th. Fourteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $82.00.

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.