Nutrien Ltd. $NTR Stock Holdings Trimmed by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lowered its position in shares of Nutrien Ltd. (NYSE:NTR) by 3.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 217,076 shares of the company’s stock after selling 8,324 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Nutrien were worth $12,643,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Public Sector Pension Investment Board increased its holdings in shares of Nutrien by 0.4% in the 1st quarter. Public Sector Pension Investment Board now owns 47,329 shares of the company’s stock valued at $2,349,000 after acquiring an additional 200 shares during the last quarter. Blume Capital Management Inc. lifted its stake in Nutrien by 0.7% during the first quarter. Blume Capital Management Inc. now owns 31,796 shares of the company’s stock worth $1,579,000 after purchasing an additional 220 shares during the last quarter. Murphy Pohlad Asset Management LLC boosted its holdings in Nutrien by 0.4% in the second quarter. Murphy Pohlad Asset Management LLC now owns 59,035 shares of the company’s stock worth $3,438,000 after purchasing an additional 236 shares during the period. Weatherly Asset Management L. P. boosted its holdings in Nutrien by 0.7% in the second quarter. Weatherly Asset Management L. P. now owns 38,799 shares of the company’s stock worth $2,280,000 after purchasing an additional 266 shares during the period. Finally, Huntington National Bank increased its stake in Nutrien by 72.6% during the second quarter. Huntington National Bank now owns 656 shares of the company’s stock valued at $38,000 after purchasing an additional 276 shares during the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Trading Down 2.4%

Shares of NYSE:NTR opened at $55.93 on Thursday. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 0.39. The company’s 50-day moving average price is $57.58 and its 200 day moving average price is $58.39. The company has a market cap of $27.04 billion, a PE ratio of 20.05, a P/E/G ratio of 0.92 and a beta of 0.83. Nutrien Ltd. has a fifty-two week low of $43.69 and a fifty-two week high of $65.08.

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

Nutrien Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Wednesday, December 31st will be given a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 3.9%. The ex-dividend date is Wednesday, December 31st. Nutrien’s dividend payout ratio (DPR) is currently 58.76%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on NTR shares. National Bank Financial initiated coverage on shares of Nutrien in a research report on Friday, September 5th. They issued a “sector perform” rating on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Nutrien in a research note on Thursday, November 13th. Wells Fargo & Company started coverage on Nutrien in a research note on Tuesday, November 11th. They issued an “equal weight” rating and a $64.00 target price for the company. Zacks Research lowered Nutrien from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 16th. Finally, Mizuho dropped their price target on Nutrien from $64.00 to $61.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $62.94.

Nutrien 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.