City State Bank Sells 250 Shares of Nutrien Ltd. (NYSE:NTR)

City State Bank trimmed its position in shares of Nutrien Ltd. (NYSE:NTR) by 6.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,515 shares of the company’s stock after selling 250 shares during the quarter. City State Bank’s holdings in Nutrien were worth $157,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Silchester International Investors LLP raised its holdings in Nutrien by 164.4% in the 3rd quarter. Silchester International Investors LLP now owns 10,683,242 shares of the company’s stock worth $513,437,000 after purchasing an additional 6,642,075 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Nutrien in the 3rd quarter worth $150,181,000. Bank of Montreal Can raised its holdings in Nutrien by 15.5% in the 2nd quarter. Bank of Montreal Can now owns 13,354,385 shares of the company’s stock worth $719,668,000 after purchasing an additional 1,794,333 shares during the period. Clal Insurance Enterprises Holdings Ltd raised its holdings in Nutrien by 78.8% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,495,282 shares of the company’s stock worth $121,271,000 after purchasing an additional 1,100,000 shares during the period. Finally, Public Sector Pension Investment Board bought a new position in Nutrien in the 2nd quarter worth $38,176,000. 63.10% of the stock is owned by institutional investors.

Nutrien Trading Up 5.6 %

NTR opened at $51.19 on Tuesday. The firm has a market cap of $25.21 billion, a P/E ratio of 34.36, a P/E/G ratio of 1.73 and a beta of 0.81. Nutrien Ltd. has a 12 month low of $43.69 and a 12 month high of $60.87. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. The stock has a 50-day moving average of $46.88 and a 200 day moving average of $47.84.

Nutrien (NYSE:NTR) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). The company had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $5.26 billion. Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The company’s revenue was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.35 EPS. As a group, research analysts forecast that Nutrien Ltd. will post 3.5 EPS for the current year.

Nutrien Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be paid a $0.939 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $3.76 annualized dividend and a yield of 7.34%. This is an increase from Nutrien’s previous quarterly dividend of $0.54. Nutrien’s dividend payout ratio (DPR) is presently 144.97%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NTR. Wells Fargo & Company cut Nutrien from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $62.00 to $50.00 in a report on Tuesday, September 24th. Raymond James upgraded Nutrien from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $58.00 to $60.00 in a research note on Tuesday, December 3rd. Piper Sandler upgraded Nutrien from an “underweight” rating to an “overweight” rating and increased their price target for the stock from $50.00 to $58.00 in a research note on Monday. JPMorgan Chase & Co. upgraded Nutrien from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $40.00 to $50.00 in a research note on Monday. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $60.00 price target on shares of Nutrien in a research note on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Nutrien has an average rating of “Moderate Buy” and a consensus price target of $59.21.

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.