Zurcher Kantonalbank Zurich Cantonalbank Cuts Stake in Nutrien Ltd. (NYSE:NTR)

Zurcher Kantonalbank Zurich Cantonalbank lessened its position in Nutrien Ltd. (NYSE:NTR) by 16.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 212,314 shares of the company’s stock after selling 43,107 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Nutrien were worth $10,214,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Silchester International Investors LLP lifted its holdings in Nutrien by 164.4% in the third quarter. Silchester International Investors LLP now owns 10,683,242 shares of the company’s stock valued at $513,437,000 after acquiring an additional 6,642,075 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Nutrien in the third quarter valued at about $150,181,000. Bank of Montreal Can boosted its holdings in Nutrien by 15.5% during the second quarter. Bank of Montreal Can now owns 13,354,385 shares of the company’s stock worth $719,668,000 after buying an additional 1,794,333 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd grew its position in Nutrien by 78.8% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,495,282 shares of the company’s stock worth $121,271,000 after buying an additional 1,100,000 shares during the period. Finally, National Bank of Canada FI increased its holdings in Nutrien by 34.0% in the second quarter. National Bank of Canada FI now owns 4,066,629 shares of the company’s stock valued at $205,385,000 after buying an additional 1,032,763 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on NTR. TD Securities lowered their price target on Nutrien from $63.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Barclays lowered their target price on Nutrien from $68.00 to $55.00 and set an “overweight” rating on the stock in a report on Friday, August 16th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $60.00 price target on shares of Nutrien in a research note on Friday, September 20th. BMO Capital Markets lowered their price objective on shares of Nutrien from $80.00 to $75.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Finally, Scotiabank cut their target price on shares of Nutrien from $66.00 to $59.00 and set a “sector outperform” rating for the company in a research report on Monday, August 12th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $60.33.

Nutrien Trading Up 1.2 %

Shares of Nutrien stock opened at $46.66 on Monday. Nutrien Ltd. has a fifty-two week low of $44.65 and a fifty-two week high of $60.87. The business’s fifty day moving average is $47.93 and its two-hundred day moving average is $49.71. 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 cap of $23.05 billion, a PE ratio of 31.32, a P/E/G ratio of 1.64 and a beta of 0.82.

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

Nutrien Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be issued a $0.939 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 8.05%. This is an increase from Nutrien’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Tuesday, December 31st. Nutrien’s payout ratio is presently 144.97%.

Nutrien Profile

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.