US Bancorp DE Lowers Stake in Nutrien Ltd. (NYSE:NTR)

US Bancorp DE lowered its stake in shares of Nutrien Ltd. (NYSE:NTRFree Report) by 6.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,201 shares of the company’s stock after selling 1,330 shares during the period. US Bancorp DE’s holdings in Nutrien were worth $1,138,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of NTR. Vanguard Group Inc. lifted its holdings in shares of Nutrien by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 18,052,214 shares of the company’s stock valued at $1,114,905,000 after purchasing an additional 332,190 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Nutrien by 1.5% during the 3rd quarter. Deutsche Bank AG now owns 14,708,135 shares of the company’s stock valued at $908,374,000 after purchasing an additional 214,299 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Nutrien by 1.8% during the 4th quarter. Mackenzie Financial Corp now owns 13,331,450 shares of the company’s stock valued at $751,381,000 after purchasing an additional 239,578 shares during the last quarter. Parnassus Investments LLC lifted its holdings in shares of Nutrien by 1.3% during the 3rd quarter. Parnassus Investments LLC now owns 10,057,019 shares of the company’s stock valued at $621,121,000 after purchasing an additional 131,418 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its holdings in shares of Nutrien by 2.8% during the 4th quarter. First Eagle Investment Management LLC now owns 9,520,903 shares of the company’s stock valued at $536,313,000 after purchasing an additional 258,244 shares during the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Price Performance

NYSE:NTR opened at $57.69 on Tuesday. Nutrien Ltd. has a 52 week low of $47.90 and a 52 week high of $69.12. The company has a quick ratio of 0.53, a current ratio of 1.15 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $28.53 billion, a PE ratio of 33.74, a price-to-earnings-growth ratio of 1.88 and a beta of 0.87. The stock’s 50-day moving average price is $55.42 and its 200-day moving average price is $54.01.

Nutrien (NYSE:NTRGet Free Report) last posted its earnings results on Wednesday, May 8th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11. Nutrien had a return on equity of 7.31% and a net margin of 3.01%. The firm had revenue of $5.39 billion for the quarter, compared to analysts’ expectations of $5.38 billion. As a group, equities analysts expect that Nutrien Ltd. will post 3.9 EPS for the current fiscal year.

Nutrien Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, June 28th will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend is Friday, June 28th. Nutrien’s payout ratio is 126.32%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NTR. TD Securities decreased their price objective on Nutrien from $75.00 to $67.00 and set a “buy” rating for the company in a report on Tuesday, February 20th. Scotiabank reduced their target price on Nutrien from $67.00 to $66.00 and set an “outperform” rating for the company in a research note on Monday, May 13th. Berenberg Bank upgraded Nutrien from a “hold” rating to a “buy” rating and raised their target price for the stock from $60.00 to $66.00 in a research note on Monday, April 29th. HSBC reduced their target price on Nutrien from $63.00 to $57.00 and set a “hold” rating for the company in a research note on Friday, March 8th. Finally, CIBC reduced their target price on Nutrien from $87.00 to $76.00 and set an “outperform” rating for the company in a research note on Friday, February 23rd. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $67.32.

View Our Latest Stock Report on NTR

Nutrien Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

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