Nutrien Ltd. $NTR Stake Reduced by Mufg Securities Canada LTD.

Mufg Securities Canada LTD. trimmed its holdings in Nutrien Ltd. (NYSE:NTR) by 4.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 680,109 shares of the company’s stock after selling 34,008 shares during the quarter. Nutrien accounts for about 1.1% of Mufg Securities Canada LTD.’s portfolio, making the stock its 25th biggest holding. Mufg Securities Canada LTD. owned 0.14% of Nutrien worth $42,778,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Guggenheim Capital LLC raised its holdings in shares of Nutrien by 2.2% in the 4th quarter. Guggenheim Capital LLC now owns 6,628 shares of the company’s stock worth $409,000 after purchasing an additional 145 shares in the last quarter. Minot DeBlois Advisors LLC boosted its holdings in Nutrien by 1.8% during the fourth quarter. Minot DeBlois Advisors LLC now owns 9,032 shares of the company’s stock worth $557,000 after buying an additional 164 shares in the last quarter. Banque Cantonale Vaudoise boosted its holdings in Nutrien by 15.9% during the first quarter. Banque Cantonale Vaudoise now owns 1,198 shares of the company’s stock worth $90,000 after buying an additional 164 shares in the last quarter. Gould Asset Management LLC CA grew its position in Nutrien by 4.4% in the first quarter. Gould Asset Management LLC CA now owns 3,933 shares of the company’s stock worth $297,000 after buying an additional 165 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Nutrien by 21.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 983 shares of the company’s stock worth $61,000 after buying an additional 176 shares during the last quarter. Institutional investors own 63.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NTR. Weiss Ratings upgraded Nutrien from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. Scotiabank upgraded Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 target price on the stock in a report on Tuesday, June 30th. Oppenheimer cut their target price on Nutrien from $82.00 to $80.00 and set an “outperform” rating on the stock in a research report on Thursday, July 23rd. BNP Paribas Exane raised Nutrien from a “neutral” rating to an “outperform” rating and set a $80.00 target price for the company in a report on Tuesday, July 28th. Finally, JPMorgan Chase & Co. increased their price target on Nutrien from $78.00 to $80.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Seventeen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $81.58.

Nutrien Stock Up 2.8%

Shares of NYSE:NTR opened at $75.55 on Tuesday. The firm has a 50 day simple moving average of $67.60 and a 200 day simple moving average of $70.60. Nutrien Ltd. has a 52 week low of $53.03 and a 52 week high of $85.36. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.86 and a current ratio of 1.39. The company has a market cap of $36.14 billion, a PE ratio of 15.29, a price-to-earnings-growth ratio of 0.78 and a beta of 0.61.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $2.61 earnings per share for the quarter, missing the consensus estimate of $2.70 by ($0.09). Nutrien had a return on equity of 8.88% and a net margin of 8.44%.The firm had revenue of $10.81 billion for the quarter, compared to analysts’ expectations of $10.44 billion. During the same quarter in the previous year, the firm posted $2.65 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, research analysts expect that Nutrien Ltd. will post 4.71 earnings per share for the current year.

Nutrien Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Tuesday, September 29th will be issued a dividend of $0.55 per share. The ex-dividend date is Tuesday, September 29th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.9%. Nutrien’s payout ratio is currently 44.53%.

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.