Sumitomo Mitsui Trust Group Inc. Has $5.69 Million Stock Position in Nutrien Ltd. $NTR

Sumitomo Mitsui Trust Group Inc. reduced its position in Nutrien Ltd. (NYSE:NTR) by 31.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 96,865 shares of the company’s stock after selling 44,156 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Nutrien were worth $5,687,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Huntington National Bank boosted its position in shares of Nutrien by 72.6% in the second quarter. Huntington National Bank now owns 656 shares of the company’s stock worth $38,000 after buying an additional 276 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of Nutrien by 42.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 735 shares of the company’s stock valued at $43,000 after purchasing an additional 219 shares during the period. Trust Co. of Toledo NA OH purchased a new stake in shares of Nutrien in the second quarter worth approximately $49,000. AlphaCore Capital LLC purchased a new position in Nutrien during the second quarter valued at approximately $56,000. Finally, Andra AP fonden purchased a new position in Nutrien during the second quarter valued at approximately $58,000. Institutional investors and hedge funds own 63.10% of the company’s stock.

Analyst Ratings Changes

NTR has been the subject of several recent research reports. Wall Street Zen lowered Nutrien from a “buy” rating to a “hold” rating in a report on Saturday. 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. Bank of America reaffirmed a “neutral” rating and set a $67.00 price objective on shares of Nutrien in a research report on Tuesday, October 14th. Oppenheimer reiterated an “outperform” rating on shares of Nutrien in a research note on Wednesday, October 22nd. Finally, Wells Fargo & Company assumed coverage on shares of Nutrien in a research note on Tuesday, November 11th. They set an “equal weight” rating and a $64.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $65.12.

Nutrien Price Performance

Nutrien stock opened at $66.46 on Friday. The business’s 50-day simple moving average is $60.53 and its 200 day simple moving average is $58.92. The company has a quick ratio of 0.89, a current ratio of 1.41 and a debt-to-equity ratio of 0.39. The stock has a market cap of $32.03 billion, a price-to-earnings ratio of 17.91 and a beta of 0.72. Nutrien Ltd. has a 12-month low of $45.78 and a 12-month high of $67.94.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.91 by $0.06. Nutrien had a net margin of 6.79% and a return on equity of 7.54%. The company had revenue of $5.82 billion during the quarter, compared to analysts’ expectations of $5.59 billion. During the same quarter in the previous year, the company earned $0.39 EPS. Nutrien’s revenue was up 12.3% on a year-over-year basis. As a group, research analysts anticipate that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Wednesday, December 31st were paid a $0.545 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.18 annualized dividend and a yield of 3.3%. Nutrien’s dividend payout ratio is presently 58.76%.

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.