Nomura Asset Management Co. Ltd. Trims Stake in Nutrien Ltd. $NTR

Nomura Asset Management Co. Ltd. reduced its position in shares of Nutrien Ltd. (NYSE:NTR) by 14.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 135,560 shares of the company’s stock after selling 23,640 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Nutrien were worth $8,367,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Montag A & Associates Inc. increased its holdings in Nutrien by 310.7% during the 4th quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock worth $26,000 after purchasing an additional 320 shares during the period. Eastern Bank increased its holdings in Nutrien by 133.0% during the 4th quarter. Eastern Bank now owns 699 shares of the company’s stock worth $43,000 after purchasing an additional 399 shares during the period. Harbour Investments Inc. increased its holdings in Nutrien by 97.2% during the 4th quarter. Harbour Investments Inc. now owns 704 shares of the company’s stock worth $43,000 after purchasing an additional 347 shares during the period. Geneos Wealth Management Inc. increased its holdings in Nutrien by 42.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 735 shares of the company’s stock worth $43,000 after purchasing an additional 219 shares during the period. Finally, Fulcrum Asset Management LLP purchased a new position in Nutrien during the 3rd quarter worth $46,000. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Nutrien Stock Up 0.7%

Shares of NYSE NTR opened at $68.97 on Thursday. The company has a current ratio of 1.24, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $33.11 billion, a PE ratio of 14.05, a price-to-earnings-growth ratio of 0.63 and a beta of 0.60. The stock’s fifty day simple moving average is $72.56 and its two-hundred day simple moving average is $68.76. Nutrien Ltd. has a 12-month low of $53.03 and a 12-month high of $85.36.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. The business had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.30 billion. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The business’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 EPS. As a group, analysts expect that Nutrien Ltd. will post 5.45 EPS for the current fiscal year.

Nutrien Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, June 30th. Nutrien’s dividend payout ratio (DPR) is 44.81%.

Analysts Set New Price Targets

NTR has been the topic of several research reports. Royal Bank Of Canada raised their price objective on Nutrien from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Tuesday, April 7th. Wall Street Zen downgraded Nutrien from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Wells Fargo & Company upgraded Nutrien from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $77.00 to $100.00 in a report on Friday, March 13th. Bank of America upgraded Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 price objective on the stock in a report on Thursday, April 30th. Finally, BNP Paribas Exane cut Nutrien from an “outperform” rating to a “neutral” rating in a research report on Monday, February 23rd. Eleven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Nutrien currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.75.

About Nutrien

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.