Mufg Securities Canada LTD. Has $47.31 Million Position in Nutrien Ltd. $NTR

Mufg Securities Canada LTD. cut its stake in Nutrien Ltd. (NYSE:NTR) by 2.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 805,700 shares of the company’s stock after selling 22,025 shares during the period. Nutrien accounts for approximately 1.3% 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 $47,310,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of NTR. Vanguard Group Inc. grew its stake in Nutrien by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 21,983,443 shares of the company’s stock valued at $1,291,022,000 after buying an additional 80,135 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of Nutrien by 14.0% during the second quarter. First Eagle Investment Management LLC now owns 13,268,229 shares of the company’s stock worth $772,742,000 after acquiring an additional 1,627,328 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Nutrien by 48.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 11,944,730 shares of the company’s stock valued at $696,058,000 after purchasing an additional 3,900,755 shares during the last quarter. TD Asset Management Inc increased its stake in shares of Nutrien by 16.5% during the third quarter. TD Asset Management Inc now owns 7,368,861 shares of the company’s stock worth $432,838,000 after purchasing an additional 1,043,766 shares during the period. Finally, Norges Bank bought a new position in shares of Nutrien during the second quarter worth approximately $395,842,000. Institutional investors own 63.10% of the company’s stock.

Nutrien Stock Performance

NYSE NTR opened at $75.07 on Friday. The firm’s 50 day simple moving average is $67.31 and its 200 day simple moving average is $61.25. The firm has a market capitalization of $36.12 billion, a price-to-earnings ratio of 16.11 and a beta of 0.73. The company has a current ratio of 1.34, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. Nutrien Ltd. has a 1 year low of $45.78 and a 1 year high of $75.73.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, February 18th. The company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.04). The business had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $5.26 billion. Nutrien had a return on equity of 8.41% and a net margin of 8.43%.The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.31 earnings per share. As a group, research analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 16th. Investors of record on Tuesday, March 31st will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.9%. This is a boost from Nutrien’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Tuesday, March 31st. Nutrien’s payout ratio is 46.78%.

Analysts Set New Price Targets

NTR has been the subject of several recent research reports. UBS Group boosted their price target on Nutrien from $58.00 to $63.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. BMO Capital Markets raised their price target on shares of Nutrien from $75.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Oppenheimer lifted their price objective on shares of Nutrien from $76.00 to $78.00 and gave the stock an “outperform” rating in a research note on Thursday. Raymond James Financial increased their target price on shares of Nutrien from $68.00 to $74.00 and gave the stock a “market perform” rating in a research report on Friday, February 20th. Finally, Barclays lifted their price target on shares of Nutrien from $64.00 to $70.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Nutrien currently has a consensus rating of “Hold” and an average price target of $72.24.

Nutrien Profile

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.