Nutrien Ltd. (NYSE:NTR) Shares Sold by BNP Paribas

BNP Paribas lessened its stake in shares of Nutrien Ltd. (NYSE:NTR) by 24.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 15,850 shares of the company’s stock after selling 5,087 shares during the period. BNP Paribas’ holdings in Nutrien were worth $762,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Central Pacific Bank Trust Division acquired a new stake in shares of Nutrien during the third quarter worth $28,000. Family Firm Inc. acquired a new stake in shares of Nutrien during the second quarter worth $32,000. Trust Co. of Vermont boosted its holdings in shares of Nutrien by 50.0% during the second quarter. Trust Co. of Vermont now owns 900 shares of the company’s stock worth $46,000 after purchasing an additional 300 shares during the last quarter. Andra AP fonden acquired a new stake in shares of Nutrien during the second quarter worth $51,000. Finally, Oakworth Capital Inc. purchased a new position in shares of Nutrien in the 2nd quarter worth $52,000. Institutional investors and hedge funds own 63.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. TD Securities cut their target price on Nutrien from $63.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $60.00 target price on shares of Nutrien in a research report on Friday, September 20th. Scotiabank cut their target price on Nutrien from $66.00 to $59.00 and set a “sector outperform” rating on the stock in a research report on Monday, August 12th. Mizuho cut their target price on Nutrien from $55.00 to $52.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Finally, The Goldman Sachs Group lowered Nutrien from a “buy” rating to a “neutral” rating and cut their target price for the stock from $69.00 to $53.00 in a research report on Tuesday, September 10th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $60.33.

Nutrien Stock Up 0.4 %

Shares of NYSE NTR opened at $46.09 on Thursday. Nutrien Ltd. has a 1 year low of $44.65 and a 1 year high of $60.87. The firm has a market cap of $22.76 billion, a price-to-earnings ratio of 30.93, a PEG ratio of 1.64 and a beta of 0.82. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. The stock’s 50-day simple moving average is $47.97 and its 200-day simple moving average is $49.91.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, November 6th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The business had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.26 billion. During the same period in the previous year, the firm posted $0.35 earnings per share. The firm’s revenue was down 5.0% compared to the same quarter last year. As a group, equities analysts anticipate that Nutrien Ltd. will post 3.56 earnings per share for the current fiscal year.

Nutrien Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.939 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 8.15%. This is a positive change from Nutrien’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Tuesday, December 31st. Nutrien’s payout ratio is presently 144.97%.

About Nutrien

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.