Clal Insurance Enterprises Holdings Ltd Purchases 1,100,000 Shares of Nutrien Ltd. (NYSE:NTR)

Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Nutrien Ltd. (NYSE:NTR) by 78.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,495,282 shares of the company’s stock after purchasing an additional 1,100,000 shares during the quarter. Nutrien comprises 1.1% of Clal Insurance Enterprises Holdings Ltd’s investment portfolio, making the stock its 27th biggest holding. Clal Insurance Enterprises Holdings Ltd’s holdings in Nutrien were worth $121,271,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Covestor Ltd increased its stake in shares of Nutrien by 33.3% during the first quarter. Covestor Ltd now owns 932 shares of the company’s stock valued at $50,000 after purchasing an additional 233 shares in the last quarter. UniSuper Management Pty Ltd grew its position in Nutrien by 84.2% during the 1st quarter. UniSuper Management Pty Ltd now owns 7,000 shares of the company’s stock valued at $380,000 after purchasing an additional 3,200 shares during the last quarter. Appian Way Asset Management LP increased its stake in Nutrien by 834.3% during the 1st quarter. Appian Way Asset Management LP now owns 484,884 shares of the company’s stock valued at $26,334,000 after purchasing an additional 432,984 shares in the last quarter. Captrust Financial Advisors raised its holdings in Nutrien by 15.7% in the first quarter. Captrust Financial Advisors now owns 709,772 shares of the company’s stock worth $38,548,000 after buying an additional 96,463 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of Nutrien in the first quarter worth approximately $2,186,000. 63.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on NTR shares. Royal Bank of Canada reissued an “outperform” rating and set a $60.00 price target on shares of Nutrien in a research report on Friday, September 20th. Hsbc Global Res cut Nutrien from a “hold” rating to a “moderate sell” rating in a research note on Friday, August 2nd. Scotiabank dropped their price objective on Nutrien from $66.00 to $59.00 and set a “sector outperform” rating on the stock in a research report on Monday, August 12th. Mizuho reduced their price objective on Nutrien from $55.00 to $52.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Finally, Wells Fargo & Company cut shares of Nutrien from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $62.00 to $50.00 in a research note on Tuesday, September 24th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $60.33.

Nutrien Trading Up 0.1 %

Shares of NTR stock opened at $46.93 on Friday. The company has a market cap of $23.18 billion, a PE ratio of 31.50, a price-to-earnings-growth ratio of 1.65 and a beta of 0.82. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82. The stock’s 50 day simple moving average is $48.01 and its two-hundred day simple moving average is $50.18. Nutrien Ltd. has a 1 year low of $44.65 and a 1 year high of $60.87.

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

Nutrien Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be given a $0.939 dividend. This represents a $3.76 annualized dividend and a yield of 8.00%. This is a boost 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 144.97%.

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.