Sumitomo Mitsui Trust Group Inc. Lowers Stock Position in Nutrien Ltd. $NTR

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 31.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 96,865 shares of the company’s stock after selling 44,156 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Nutrien were worth $5,687,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of NTR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Nutrien by 65.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,224 shares of the company’s stock valued at $1,253,000 after purchasing an additional 9,950 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Nutrien by 6.2% during the first quarter. NewEdge Advisors LLC now owns 6,907 shares of the company’s stock worth $343,000 after purchasing an additional 404 shares in the last quarter. Focus Partners Wealth purchased a new position in Nutrien in the first quarter valued at about $516,000. Acadian Asset Management LLC bought a new stake in shares of Nutrien in the first quarter worth $54,000. Finally, Parallel Advisors LLC lifted its position in shares of Nutrien by 20.6% during the second quarter. Parallel Advisors LLC now owns 1,824 shares of the company’s stock worth $106,000 after purchasing an additional 311 shares during the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Stock Performance

Shares of NYSE NTR opened at $66.46 on Friday. Nutrien Ltd. has a 1 year low of $45.78 and a 1 year high of $67.94. The firm has a market cap of $32.03 billion, a P/E ratio of 17.91 and a beta of 0.72. The stock has a fifty day moving average price of $60.53 and a two-hundred day moving average price of $58.92. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.89 and a current ratio of 1.41.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, November 5th. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.06. Nutrien had a return on equity of 7.54% and a net margin of 6.79%.The business had revenue of $5.82 billion during the quarter, compared to analysts’ expectations of $5.59 billion. During the same quarter last year, the business posted $0.39 earnings per share. The company’s quarterly revenue was up 12.3% on a year-over-year basis. Research analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Wednesday, December 31st were paid 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 3.3%. Nutrien’s dividend payout ratio (DPR) is currently 58.76%.

Analyst Ratings Changes

NTR has been the subject of several research analyst reports. Bank of America reissued a “neutral” rating and issued a $67.00 price objective on shares of Nutrien in a report on Tuesday, October 14th. UBS Group boosted their target price on shares of Nutrien from $58.00 to $63.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. Mizuho raised their price target on shares of Nutrien from $65.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday. Scotiabank lowered their price objective on shares of Nutrien from $65.00 to $63.00 and set a “sector perform” rating for the company in a research report on Monday, November 10th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Nutrien in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Nutrien presently has a consensus rating of “Hold” and an average price target of $65.12.

About Nutrien

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.