Commerce Bank Has $232,000 Holdings in Nutrien Ltd. (NYSE:NTR)

Commerce Bank lifted its holdings in Nutrien Ltd. (NYSE:NTR) by 9.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,826 shares of the company’s stock after purchasing an additional 433 shares during the period. Commerce Bank’s holdings in Nutrien were worth $232,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Aviance Capital Partners LLC lifted its stake in shares of Nutrien by 85.2% in the 3rd quarter. Aviance Capital Partners LLC now owns 23,872 shares of the company’s stock valued at $1,147,000 after purchasing an additional 10,981 shares during the last quarter. Swiss National Bank lifted its stake in shares of Nutrien by 0.8% in the 3rd quarter. Swiss National Bank now owns 1,495,836 shares of the company’s stock valued at $71,995,000 after purchasing an additional 11,800 shares during the last quarter. Natixis Advisors LLC lifted its stake in shares of Nutrien by 16.3% in the 3rd quarter. Natixis Advisors LLC now owns 34,519 shares of the company’s stock valued at $1,659,000 after purchasing an additional 4,832 shares during the last quarter. Metis Global Partners LLC lifted its stake in shares of Nutrien by 51.3% in the 3rd quarter. Metis Global Partners LLC now owns 124,317 shares of the company’s stock valued at $5,974,000 after purchasing an additional 42,167 shares during the last quarter. Finally, MQS Management LLC acquired a new stake in shares of Nutrien in the 3rd quarter valued at $665,000. Institutional investors and hedge funds own 63.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on NTR shares. BMO Capital Markets reduced their price objective on shares of Nutrien from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Royal Bank of Canada reissued an “outperform” rating and set a $60.00 target price on shares of Nutrien in a research report on Friday, September 20th. Hsbc Global Res lowered shares of Nutrien from a “hold” rating to a “moderate sell” rating in a research report on Friday, August 2nd. TD Securities cut their target price on shares of Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Finally, HSBC lowered shares of Nutrien from a “hold” rating to a “reduce” rating in a research report on Friday, August 2nd. Three research analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $60.33.

Nutrien Stock Performance

NYSE:NTR opened at $46.09 on Thursday. Nutrien Ltd. has a 12-month low of $44.65 and a 12-month high of $60.87. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $22.76 billion, a PE ratio of 30.93, a price-to-earnings-growth ratio of 1.64 and a beta of 0.82. The firm has a 50-day moving average price of $47.97 and a 200 day moving average price of $49.91.

Nutrien (NYSE:NTR) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The business had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.26 billion. During the same period last year, the company earned $0.35 EPS. The business’s revenue for the quarter was down 5.0% on a year-over-year basis. Research analysts anticipate that Nutrien Ltd. will post 3.56 earnings per share for the current fiscal year.

Nutrien Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.939 per share. This is a positive change from Nutrien’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.76 annualized dividend and a dividend yield of 8.15%. Nutrien’s dividend payout ratio (DPR) is presently 144.97%.

About Nutrien

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.