Mufg Securities Canada LTD. Sells 69,562 Shares of Nutrien Ltd. $NTR

Mufg Securities Canada LTD. lowered its holdings in Nutrien Ltd. (NYSE:NTR) by 8.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 736,138 shares of the company’s stock after selling 69,562 shares during the period. Nutrien makes up about 1.3% of Mufg Securities Canada LTD.’s portfolio, making the stock its 24th largest holding. Mufg Securities Canada LTD. owned approximately 0.15% of Nutrien worth $45,448,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NTR. Norges Bank bought a new stake in Nutrien in the 4th quarter valued at about $412,635,000. Arrowstreet Capital Limited Partnership boosted its holdings in Nutrien by 19.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 14,221,381 shares of the company’s stock valued at $834,962,000 after purchasing an additional 2,276,651 shares during the period. TD Asset Management Inc boosted its holdings in Nutrien by 21.2% in the 4th quarter. TD Asset Management Inc now owns 8,928,534 shares of the company’s stock valued at $551,821,000 after purchasing an additional 1,559,673 shares during the period. Black Creek Investment Management Inc. boosted its holdings in Nutrien by 57.3% in the 3rd quarter. Black Creek Investment Management Inc. now owns 2,367,244 shares of the company’s stock valued at $139,050,000 after purchasing an additional 862,487 shares during the period. Finally, Man Group plc boosted its holdings in Nutrien by 5,178.4% in the 3rd quarter. Man Group plc now owns 775,919 shares of the company’s stock valued at $45,577,000 after purchasing an additional 761,219 shares during the period. Institutional investors own 63.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on NTR. Berenberg Bank set a $65.00 target price on shares of Nutrien and gave the company a “hold” rating in a research report on Wednesday. Zacks Research downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. BMO Capital Markets upped their price target on shares of Nutrien from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, March 18th. Weiss Ratings raised shares of Nutrien from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 1st. Finally, BNP Paribas Exane downgraded shares of Nutrien from an “outperform” rating to a “neutral” rating in a report on Monday, February 23rd. Eleven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $81.71.

Nutrien Stock Performance

Shares of Nutrien stock opened at $67.65 on Monday. The company has a 50 day moving average of $71.34 and a 200-day moving average of $69.26. Nutrien Ltd. has a 1-year low of $53.03 and a 1-year high of $85.36. The company has a current ratio of 1.24, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. The company has a market cap of $32.42 billion, a PE ratio of 13.78, a price-to-earnings-growth ratio of 0.62 and a beta of 0.60.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. The company had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. During the same quarter in the prior year, the firm posted $0.11 EPS. The firm’s quarterly revenue was up 18.5% on a year-over-year basis. As a group, equities research analysts forecast that Nutrien Ltd. will post 5.45 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Tuesday, June 30th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.20 annualized dividend and a yield of 3.3%. Nutrien’s dividend payout ratio is presently 44.81%.

About Nutrien

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.