Clal Insurance Enterprises Holdings Ltd Boosts Holdings in Nutrien Ltd. $NTR

Clal Insurance Enterprises Holdings Ltd increased its position in Nutrien Ltd. (NYSE:NTR) by 14.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,085,282 shares of the company’s stock after purchasing an additional 400,000 shares during the period. Nutrien makes up approximately 1.8% of Clal Insurance Enterprises Holdings Ltd’s holdings, making the stock its 16th biggest position. Clal Insurance Enterprises Holdings Ltd owned 0.63% of Nutrien worth $181,368,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Intech Investment Management LLC increased its position in shares of Nutrien by 284.0% during the first quarter. Intech Investment Management LLC now owns 69,128 shares of the company’s stock valued at $3,430,000 after acquiring an additional 51,126 shares in the last quarter. Belpointe Asset Management LLC purchased a new stake in Nutrien during the 1st quarter valued at $311,000. Covea Finance increased its holdings in shares of Nutrien by 16.5% in the 2nd quarter. Covea Finance now owns 73,500 shares of the company’s stock worth $4,265,000 after purchasing an additional 10,400 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Nutrien by 1.0% in 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 purchasing an additional 7,194 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of Nutrien by 12.3% during the second quarter. IFP Advisors Inc now owns 52,426 shares of the company’s stock valued at $3,053,000 after purchasing an additional 5,752 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors.

Nutrien Stock Performance

Shares of NYSE NTR opened at $57.34 on Wednesday. The firm has a 50 day moving average of $57.61 and a 200 day moving average of $58.41. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $27.72 billion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 0.92 and a beta of 0.83. Nutrien Ltd. has a 12-month low of $43.69 and a 12-month high of $65.08.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.06. The business had revenue of $5.82 billion for the quarter, compared to analysts’ expectations of $5.59 billion. Nutrien had a net margin of 5.25% and a return on equity of 6.51%. The company’s revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.39 EPS. On average, research analysts anticipate that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Wednesday, December 31st. Nutrien’s payout ratio is currently 58.76%.

Wall Street Analyst Weigh In

NTR has been the subject of several research analyst reports. National Bank Financial assumed coverage on Nutrien in a report on Friday, September 5th. They issued a “sector perform” rating for the company. TD Securities boosted their price objective on shares of Nutrien from $70.00 to $72.00 and gave the company a “buy” rating in a report on Monday, August 11th. Wall Street Zen cut shares of Nutrien from a “strong-buy” rating to a “buy” rating in a report on Friday, September 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Nutrien in a research report on Thursday, November 13th. Finally, National Bankshares started coverage on Nutrien in a report on Friday, September 5th. They set a “sector perform” rating and a $64.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $62.94.

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.