Pflug Koory LLC Cuts Stock Position in Nutrien Ltd. (NYSE:NTR)

Pflug Koory LLC trimmed its position in shares of Nutrien Ltd. (NYSE:NTR) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,313 shares of the company’s stock after selling 293 shares during the quarter. Pflug Koory LLC’s holdings in Nutrien were worth $462,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Silchester International Investors LLP boosted its stake in Nutrien by 9.5% in the fourth quarter. Silchester International Investors LLP now owns 11,693,137 shares of the company’s stock valued at $523,268,000 after acquiring an additional 1,009,895 shares in the last quarter. National Bank of Canada FI boosted its position in shares of Nutrien by 4.1% in the 3rd quarter. National Bank of Canada FI now owns 4,232,211 shares of the company’s stock worth $203,380,000 after purchasing an additional 165,582 shares in the last quarter. Toronto Dominion Bank grew its stake in Nutrien by 11.9% during the 3rd quarter. Toronto Dominion Bank now owns 4,220,354 shares of the company’s stock worth $202,830,000 after buying an additional 447,413 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Nutrien during the 3rd quarter valued at about $150,181,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its holdings in Nutrien by 78.8% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,495,282 shares of the company’s stock worth $121,271,000 after acquiring an additional 1,100,000 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on NTR shares. CIBC reiterated an “outperformer” rating and issued a $55.00 target price (down from $60.00) on shares of Nutrien in a research note on Tuesday, December 10th. Barclays reissued an “equal weight” rating and set a $56.00 price objective (up from $55.00) on shares of Nutrien in a report on Tuesday. TD Securities reduced their target price on Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Oppenheimer initiated coverage on Nutrien in a research note on Thursday, December 12th. They set an “outperform” rating and a $60.00 price target on the stock. Finally, Piper Sandler upgraded Nutrien from an “underweight” rating to an “overweight” rating and raised their price objective for the stock from $50.00 to $58.00 in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Nutrien presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.39.

Nutrien Trading Down 1.9 %

Shares of NTR stock opened at $52.79 on Friday. The stock has a 50 day simple moving average of $47.47 and a 200-day simple moving average of $47.96. Nutrien Ltd. has a 1-year low of $43.69 and a 1-year high of $60.87. The company has a market cap of $25.93 billion, a price-to-earnings ratio of 35.43, a PEG ratio of 1.17 and a beta of 0.81. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, November 6th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). The company had revenue of $5.35 billion for 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 firm’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.35 EPS. On average, equities research analysts expect that Nutrien Ltd. will post 3.5 EPS for the current fiscal year.

Nutrien Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.939 per share. This is a positive change from Nutrien’s previous quarterly dividend of $0.54. The ex-dividend date was Tuesday, December 31st. This represents a $3.76 dividend on an annualized basis and a dividend yield of 7.11%. Nutrien’s dividend payout ratio is presently 144.97%.

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.