City State Bank Sells 500 Shares of Nutrien Ltd. (NYSE:NTR)

City State Bank lessened its holdings in Nutrien Ltd. (NYSE:NTR) by 11.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,765 shares of the company’s stock after selling 500 shares during the period. City State Bank’s holdings in Nutrien were worth $192,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Lindbrook Capital LLC grew its holdings in shares of Nutrien by 21.4% during the first quarter. Lindbrook Capital LLC now owns 1,179 shares of the company’s stock worth $64,000 after purchasing an additional 208 shares during the last quarter. Moody National Bank Trust Division boosted its holdings in Nutrien by 1.7% in the first quarter. Moody National Bank Trust Division now owns 12,582 shares of the company’s stock valued at $683,000 after acquiring an additional 208 shares during the last quarter. Covestor Ltd boosted its holdings in Nutrien by 33.3% in the first quarter. Covestor Ltd now owns 932 shares of the company’s stock valued at $50,000 after acquiring an additional 233 shares during the last quarter. Capital Investment Counsel Inc boosted its holdings in Nutrien by 2.8% in the fourth quarter. Capital Investment Counsel Inc now owns 8,856 shares of the company’s stock valued at $501,000 after acquiring an additional 240 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its holdings in Nutrien by 4.4% in the first quarter. Oppenheimer & Co. Inc. now owns 6,572 shares of the company’s stock valued at $357,000 after acquiring an additional 275 shares during the last quarter. Institutional investors own 63.10% of the company’s stock.

Wall Street Analyst Weigh In

NTR has been the topic of several analyst reports. Wells Fargo & Company reduced their target price on Nutrien from $68.00 to $66.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th. Royal Bank of Canada reduced their target price on Nutrien from $70.00 to $60.00 and set an “outperform” rating on the stock in a report on Monday, July 15th. Piper Sandler reduced their target price on Nutrien from $56.00 to $55.00 and set an “underweight” rating on the stock in a report on Tuesday, June 11th. TD Securities dropped their price target on Nutrien from $69.00 to $67.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Finally, HSBC lowered Nutrien from a “hold” rating to a “reduce” rating in a research note on Friday. Three analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $65.39.

Nutrien Stock Down 0.1 %

Nutrien stock traded down $0.05 during trading on Tuesday, hitting $47.19. 7,409,032 shares of the company were exchanged, compared to its average volume of 1,908,073. The business’s 50 day moving average is $51.88 and its 200 day moving average is $52.85. Nutrien Ltd. has a 52 week low of $45.90 and a 52 week high of $69.09. The company has a market capitalization of $23.35 billion, a P/E ratio of 27.59, a PEG ratio of 1.65 and a beta of 0.83. The company has a current ratio of 1.15, a quick ratio of 0.53 and a debt-to-equity ratio of 0.36.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11. The firm had revenue of $5.39 billion during the quarter, compared to the consensus estimate of $5.38 billion. Nutrien had a return on equity of 7.31% and a net margin of 3.01%. Analysts predict that Nutrien Ltd. will post 3.78 earnings per share for the current year.

Nutrien Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, June 28th were paid a $0.54 dividend. The ex-dividend date was Friday, June 28th. This represents a $2.16 dividend on an annualized basis and a yield of 4.58%. Nutrien’s dividend payout ratio (DPR) is presently 126.32%.

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.