Mitsubishi UFJ Trust & Banking Corp Decreases Holdings in Nutrien Ltd. (NYSE:NTR)

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in Nutrien Ltd. (NYSE:NTR) by 0.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 256,131 shares of the company’s stock after selling 800 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Nutrien were worth $11,480,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Fairway Wealth LLC purchased a new stake in Nutrien during the fourth quarter valued at about $27,000. HHM Wealth Advisors LLC boosted its holdings in Nutrien by 331.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock valued at $28,000 after acquiring an additional 480 shares during the period. Assetmark Inc. grew its position in Nutrien by 1,437.5% during the 4th quarter. Assetmark Inc. now owns 738 shares of the company’s stock worth $33,000 after acquiring an additional 690 shares during the last quarter. Asset Planning Inc purchased a new position in Nutrien in the 4th quarter worth approximately $35,000. Finally, Exchange Traded Concepts LLC lifted its position in Nutrien by 96.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock valued at $38,000 after purchasing an additional 416 shares during the last quarter. Institutional investors own 63.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on NTR shares. CIBC lifted their target price on shares of Nutrien from $64.00 to $66.00 and gave the stock an “outperformer” rating in a research note on Tuesday, February 25th. Royal Bank of Canada restated an “outperform” rating and issued a $60.00 price objective on shares of Nutrien in a research report on Monday, February 24th. Mizuho increased their target price on shares of Nutrien from $52.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Wells Fargo & Company boosted their price target on Nutrien from $53.00 to $56.00 and gave the company an “equal weight” rating in a report on Friday, February 21st. Finally, The Goldman Sachs Group began coverage on Nutrien in a report on Thursday, March 13th. They issued a “sell” rating and a $53.00 price objective for the company. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $60.00.

Nutrien Stock Performance

Shares of Nutrien stock opened at $50.13 on Friday. Nutrien Ltd. has a 12 month low of $43.70 and a 12 month high of $60.87. The firm has a market capitalization of $24.50 billion, a P/E ratio of 36.59, a P/E/G ratio of 1.19 and a beta of 0.81. 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 business has a fifty day simple moving average of $51.59 and a two-hundred day simple moving average of $48.99.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). The company had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $5.09 billion. Nutrien had a return on equity of 6.81% and a net margin of 2.62%. On average, equities analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.545 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.18 annualized dividend and a dividend yield of 4.35%. Nutrien’s payout ratio is presently 159.12%.

Nutrien Company 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.