Nutrien Ltd. (NYSE:NTR) Shares Bought by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp raised its holdings in Nutrien Ltd. (NYSE:NTRGet Rating) by 14.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 47,368 shares of the company’s stock after acquiring an additional 6,100 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Nutrien were worth $6,263,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NTR. Capital International Investors acquired a new stake in Nutrien in the first quarter valued at $521,017,000. GQG Partners LLC acquired a new position in shares of Nutrien during the 1st quarter worth $418,452,000. BlackRock Inc. raised its stake in shares of Nutrien by 79.6% during the 1st quarter. BlackRock Inc. now owns 3,490,036 shares of the company’s stock worth $362,929,000 after buying an additional 1,547,030 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Nutrien by 31.9% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,019,155 shares of the company’s stock worth $628,632,000 after buying an additional 1,456,027 shares during the last quarter. Finally, Mackenzie Financial Corp raised its stake in shares of Nutrien by 15.9% during the 1st quarter. Mackenzie Financial Corp now owns 10,564,467 shares of the company’s stock worth $1,099,019,000 after buying an additional 1,447,925 shares during the last quarter. Institutional investors and hedge funds own 63.51% of the company’s stock.

Analyst Upgrades and Downgrades

NTR has been the subject of several research reports. Royal Bank of Canada cut their price target on Nutrien from $135.00 to $120.00 and set an “outperform” rating for the company in a research note on Monday, November 7th. Scotiabank downgraded Nutrien from a “sector outperform” rating to a “sector perform” rating and set a $110.00 price target for the company. in a research note on Thursday, November 3rd. Credit Suisse Group dropped their price objective on Nutrien from $70.00 to $68.00 and set an “underperform” rating for the company in a research report on Thursday, November 3rd. HSBC cut Nutrien from a “buy” rating to a “hold” rating in a research report on Friday, October 21st. Finally, Barclays dropped their price objective on Nutrien from $105.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Nutrien presently has an average rating of “Moderate Buy” and an average price target of $103.71.

Nutrien Stock Down 1.4 %

NTR opened at $77.80 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.15 and a quick ratio of 0.70. The stock has a market capitalization of $40.72 billion, a price-to-earnings ratio of 5.54, a price-to-earnings-growth ratio of 0.72 and a beta of 0.87. The business has a 50-day moving average of $82.76 and a two-hundred day moving average of $86.79. Nutrien Ltd. has a 12 month low of $65.84 and a 12 month high of $117.25.

Nutrien Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Friday, December 30th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 2.47%. The ex-dividend date is Thursday, December 29th. Nutrien’s dividend payout ratio (DPR) is 13.67%.

Nutrien Profile

(Get Rating)

Nutrien Ltd. provides crop inputs and services. It offers potash, nitrogen, phosphate, and sulfate products; and financial solutions. The company also distributes crop nutrients, crop protection products, seeds, and merchandise products through approximately 2,000 retail locations in the United States, Canada, South America, and Australia.

Further Reading

Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

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