Hikari Power Ltd Sells 3,400 Shares of Nutrien Ltd. $NTR

Hikari Power Ltd trimmed its holdings in Nutrien Ltd. (NYSE:NTR) by 1.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 216,310 shares of the company’s stock after selling 3,400 shares during the quarter. Nutrien accounts for 1.0% of Hikari Power Ltd’s portfolio, making the stock its 16th largest holding. Hikari Power Ltd’s holdings in Nutrien were worth $12,598,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Public Sector Pension Investment Board boosted its position in shares of Nutrien by 0.4% in the first 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 period. Blume Capital Management Inc. boosted its position in shares of Nutrien by 0.7% in the first quarter. Blume Capital Management Inc. now owns 31,796 shares of the company’s stock valued at $1,579,000 after acquiring an additional 220 shares during the period. Weatherly Asset Management L. P. boosted its position in shares of Nutrien by 0.7% in the second quarter. Weatherly Asset Management L. P. now owns 38,799 shares of the company’s stock valued at $2,280,000 after acquiring an additional 266 shares during the period. Mesirow Financial Investment Management Inc. boosted its position in shares of Nutrien by 5.9% in the first quarter. Mesirow Financial Investment Management Inc. now owns 5,532 shares of the company’s stock valued at $275,000 after acquiring an additional 309 shares during the period. Finally, Parallel Advisors LLC boosted its position in shares of Nutrien by 20.6% in the second quarter. Parallel Advisors LLC now owns 1,824 shares of the company’s stock valued at $106,000 after acquiring an additional 311 shares during the period. 63.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on NTR shares. National Bank Financial assumed coverage on Nutrien in a research report on Friday, September 5th. They issued a “sector perform” rating for the company. TD Securities upped their target price on Nutrien from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Bank of America restated a “neutral” rating and issued a $67.00 target price on shares of Nutrien in a research note on Tuesday, October 14th. UBS Group cut their target price on Nutrien from $64.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, August 7th. Finally, Wells Fargo & Company restated a “cautious” rating on shares of Nutrien in a research note on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $62.78.

Nutrien Stock Performance

Nutrien stock opened at $58.18 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.33 and a quick ratio of 0.85. The stock has a fifty day moving average price of $57.84 and a two-hundred day moving average price of $57.96. Nutrien Ltd. has a 52-week low of $43.69 and a 52-week high of $65.08. The firm has a market capitalization of $28.18 billion, a P/E ratio of 20.85, a P/E/G ratio of 0.95 and a beta of 0.82.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, August 6th. The company reported $2.65 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $10.30 billion during the quarter, compared to analyst estimates of $10.40 billion. During the same period in the prior year, the company posted $2.34 earnings per share. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Monday, September 29th were paid a $0.545 dividend. The ex-dividend date was Monday, September 29th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.7%. Nutrien’s dividend payout ratio (DPR) is 78.14%.

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.