Cypress Capital Management LLC Sells 1,366 Shares of Nutrien Ltd (NTR)
Cypress Capital Management LLC lowered its holdings in shares of Nutrien Ltd (NYSE:NTR) by 0.7% during the 3rd quarter, Holdings Channel reports. The firm owned 192,767 shares of the company’s stock after selling 1,366 shares during the quarter. Nutrien accounts for about 1.9% of Cypress Capital Management LLC’s investment portfolio, making the stock its 21st largest holding. Cypress Capital Management LLC’s holdings in Nutrien were worth $11,123,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in NTR. Bruderman Asset Management LLC lifted its position in shares of Nutrien by 29.4% in the 3rd quarter. Bruderman Asset Management LLC now owns 57,306 shares of the company’s stock worth $3,307,000 after purchasing an additional 13,016 shares during the period. FMR LLC lifted its position in shares of Nutrien by 0.3% in the 3rd quarter. FMR LLC now owns 14,855,934 shares of the company’s stock worth $857,760,000 after purchasing an additional 47,376 shares during the period. CI Global Investments Inc. lifted its position in shares of Nutrien by 1.4% in the 3rd quarter. CI Global Investments Inc. now owns 230,765 shares of the company’s stock worth $13,315,000 after purchasing an additional 3,277 shares during the period. Hillsdale Investment Management Inc. lifted its position in shares of Nutrien by 239.6% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 148,254 shares of the company’s stock worth $8,562,000 after purchasing an additional 104,600 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Nutrien by 64.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,960,391 shares of the company’s stock worth $113,116,000 after purchasing an additional 768,242 shares during the period. 66.73% of the stock is currently owned by institutional investors.
Several equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Nutrien from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a research report on Wednesday, August 15th. TD Securities cut shares of Nutrien from a “buy” rating to a “hold” rating and raised their target price for the stock from $60.00 to $63.00 in a research report on Friday, August 3rd. Stephens set a $64.00 price target on shares of Nutrien and gave the company a “buy” rating in a research report on Monday, August 6th. Scotiabank reissued a “buy” rating and set a $65.00 price target on shares of Nutrien in a research report on Friday, August 3rd. Finally, Barclays started coverage on shares of Nutrien in a research report on Tuesday, September 4th. They set an “overweight” rating and a $65.00 price target for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Nutrien presently has an average rating of “Buy” and a consensus price target of $62.67.
Nutrien (NYSE:NTR) last released its quarterly earnings data on Monday, November 5th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.03. The business had revenue of $4.03 billion during the quarter, compared to analyst estimates of $3.83 billion. Nutrien had a net margin of 1.74% and a return on equity of 12.95%. The firm’s quarterly revenue was up 226.9% on a year-over-year basis. On average, equities research analysts predict that Nutrien Ltd will post 2.65 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 17th. Shareholders of record on Monday, December 31st will be paid a dividend of $0.43 per share. This is a positive change from Nutrien’s previous quarterly dividend of $0.40. This represents a $1.72 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend is Friday, December 28th.
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Nutrien Ltd. produces and markets crop nutrients worldwide. The company offers potash, nitrogen, phosphate, and solid and liquid phosphate fertilizers; and phosphate feed, ammonium sulfate, and industrial acid products. It also retails seeds, crop protection and crop nutrient products, merchandise products, and agronomic services through operating 1,500 retail locations.
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