Mufg Securities Canada LTD. Has $33.69 Million Stock Position in Nutrien Ltd. (NYSE:NTR)

Mufg Securities Canada LTD. raised its holdings in Nutrien Ltd. (NYSE:NTR) by 71.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 753,487 shares of the company’s stock after acquiring an additional 314,375 shares during the quarter. Nutrien accounts for 1.2% of Mufg Securities Canada LTD.’s investment portfolio, making the stock its 23rd biggest holding. Mufg Securities Canada LTD.’s holdings in Nutrien were worth $33,693,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the business. Fairway Wealth LLC bought a new stake in shares of Nutrien in the 4th quarter valued at $27,000. HHM Wealth Advisors LLC increased its stake in Nutrien by 331.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock valued at $28,000 after purchasing an additional 480 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Nutrien by 1,437.5% during the fourth quarter. Assetmark Inc. now owns 738 shares of the company’s stock valued at $33,000 after purchasing an additional 690 shares during the period. Asset Planning Inc bought a new position in shares of Nutrien during the 4th quarter worth about $35,000. Finally, Exchange Traded Concepts LLC grew its stake in shares of Nutrien by 96.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock valued at $38,000 after buying an additional 416 shares during the period. 63.10% of the stock is owned by institutional investors and hedge funds.

Nutrien Stock Performance

Shares of NTR stock opened at $50.19 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. The firm has a market cap of $24.56 billion, a price-to-earnings ratio of 36.64, a P/E/G ratio of 1.19 and a beta of 0.81. Nutrien Ltd. has a 52 week low of $43.70 and a 52 week high of $60.87. The firm’s 50-day simple moving average is $51.67 and its two-hundred day simple moving average is $48.91.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.09). Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The firm had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $5.09 billion. As a group, equities analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be paid a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date of this dividend is Monday, March 31st. Nutrien’s dividend payout ratio is currently 159.12%.

Wall Street Analyst Weigh In

NTR has been the topic of a number of research reports. JPMorgan Chase & Co. raised Nutrien from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $40.00 to $50.00 in a research note on Monday, January 13th. Raymond James raised shares of Nutrien from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $58.00 to $60.00 in a research report on Tuesday, December 3rd. Barclays boosted their price target on shares of Nutrien from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 5th. UBS Group lifted their price objective on shares of Nutrien from $53.00 to $54.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. Finally, The Goldman Sachs Group initiated coverage on shares of Nutrien in a research report on Thursday, March 13th. They set a “sell” rating and a $53.00 target price for the company. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $60.13.

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.