State Street Corp Raises Stake in Nutrien Ltd. (NYSE:NTR)

State Street Corp lifted its position in Nutrien Ltd. (NYSE:NTR) by 0.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,488,841 shares of the company’s stock after purchasing an additional 995 shares during the period. State Street Corp owned about 0.50% of Nutrien worth $120,961,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of NTR. Royal London Asset Management Ltd. increased its stake in Nutrien by 12.2% in the 3rd quarter. Royal London Asset Management Ltd. now owns 26,914 shares of the company’s stock worth $1,293,000 after buying an additional 2,919 shares in the last quarter. IHT Wealth Management LLC grew its position in shares of Nutrien by 134.2% during the third quarter. IHT Wealth Management LLC now owns 14,583 shares of the company’s stock worth $701,000 after purchasing an additional 8,357 shares in the last quarter. Appian Way Asset Management LP purchased a new stake in shares of Nutrien during the third quarter worth about $2,475,000. Portland Investment Counsel Inc. raised its stake in Nutrien by 0.6% during the 3rd quarter. Portland Investment Counsel Inc. now owns 308,800 shares of the company’s stock valued at $14,839,000 after purchasing an additional 1,800 shares during the period. Finally, De Lisle Partners LLP lifted its holdings in Nutrien by 28.6% in the 3rd quarter. De Lisle Partners LLP now owns 27,000 shares of the company’s stock worth $1,298,000 after purchasing an additional 6,000 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NTR. Raymond James upgraded shares of Nutrien from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $58.00 to $60.00 in a research report on Tuesday, December 3rd. The Goldman Sachs Group downgraded shares of Nutrien from a “buy” rating to a “neutral” rating and reduced their price target for the company from $69.00 to $53.00 in a report on Tuesday, September 10th. TD Securities dropped their price objective on shares of Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. CIBC reaffirmed an “outperformer” rating and issued a $55.00 target price (down from $60.00) on shares of Nutrien in a report on Tuesday, December 10th. Finally, Oppenheimer assumed coverage on Nutrien in a research note on Thursday. They set an “outperform” rating and a $60.00 price target for the company. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $58.95.

Nutrien Trading Up 0.5 %

NTR stock opened at $48.18 on Friday. Nutrien Ltd. has a twelve month low of $44.65 and a twelve month high of $60.87. The stock has a market capitalization of $23.72 billion, a price-to-earnings ratio of 32.34, a price-to-earnings-growth ratio of 1.72 and a beta of 0.80. 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’s fifty day simple moving average is $47.85 and its two-hundred day simple moving average is $49.02.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). The firm 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 business’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.35 earnings per share. As a group, analysts anticipate that Nutrien Ltd. will post 3.49 earnings per share for the current year.

Nutrien Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be issued a $0.939 dividend. This represents a $3.76 annualized dividend and a dividend yield of 7.80%. This is an increase from Nutrien’s previous quarterly dividend of $0.54. The ex-dividend date is Tuesday, December 31st. Nutrien’s dividend 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.