Y Intercept Hong Kong Ltd Has $3.87 Million Stake in Nutrien Ltd. $NTR

Y Intercept Hong Kong Ltd lowered its holdings in Nutrien Ltd. (NYSE:NTR) by 17.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 65,993 shares of the company’s stock after selling 13,901 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Nutrien were worth $3,874,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in NTR. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Nutrien by 2,215.7% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 148,785 shares of the company’s stock valued at $8,738,000 after buying an additional 142,360 shares in the last quarter. Bruce G. Allen Investments LLC grew its position in Nutrien by 14.8% during the third quarter. Bruce G. Allen Investments LLC now owns 2,355 shares of the company’s stock worth $138,000 after buying an additional 303 shares in the last quarter. Root Financial Partners LLC bought a new position in Nutrien during the 3rd quarter worth $37,000. Pacific Heights Asset Management LLC increased its stake in Nutrien by 36.4% during the 3rd quarter. Pacific Heights Asset Management LLC now owns 300,000 shares of the company’s stock worth $17,613,000 after acquiring an additional 80,000 shares during the period. Finally, Sequoia Financial Advisors LLC raised its holdings in Nutrien by 7.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 6,730 shares of the company’s stock valued at $395,000 after acquiring an additional 492 shares in the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Stock Up 4.1%

NTR stock opened at $70.88 on Monday. The firm has a 50-day moving average price of $61.43 and a 200-day moving average price of $59.17. Nutrien Ltd. has a 12 month low of $45.78 and a 12 month high of $70.92. The company has a current ratio of 1.41, a quick ratio of 0.89 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $34.16 billion, a P/E ratio of 19.10 and a beta of 0.72.

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

Nutrien Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Wednesday, December 31st were issued a dividend of $0.545 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.18 annualized dividend and a dividend yield of 3.1%. Nutrien’s dividend payout ratio (DPR) is 58.76%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Scotiabank reduced their target price on Nutrien from $65.00 to $63.00 and set a “sector perform” rating on the stock in a report on Monday, November 10th. Wells Fargo & Company assumed coverage on shares of Nutrien in a research report on Tuesday, November 11th. They set an “equal weight” rating and a $64.00 price objective for the company. UBS Group raised their target price on shares of Nutrien from $58.00 to $63.00 and gave the company a “neutral” rating in a report on Monday, January 12th. Weiss Ratings restated a “hold (c)” rating on shares of Nutrien in a research report on Monday, December 29th. Finally, Bank of America reaffirmed a “neutral” rating and set a $67.00 price target on shares of Nutrien in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $65.71.

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.