Mufg Securities Canada LTD. Sells 69,562 Shares of Nutrien Ltd. $NTR

Mufg Securities Canada LTD. decreased its stake in Nutrien Ltd. (NYSE:NTR) by 8.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 736,138 shares of the company’s stock after selling 69,562 shares during the quarter. Nutrien makes up about 1.3% of Mufg Securities Canada LTD.’s investment portfolio, making the stock its 24th biggest position. Mufg Securities Canada LTD.’s holdings in Nutrien were worth $45,448,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NTR. Norges Bank bought a new position in Nutrien in the 4th quarter valued at approximately $412,635,000. Arrowstreet Capital Limited Partnership lifted its stake in Nutrien by 19.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 14,221,381 shares of the company’s stock valued at $834,962,000 after purchasing an additional 2,276,651 shares during the last quarter. TD Asset Management Inc lifted its stake in Nutrien by 21.2% in the 4th quarter. TD Asset Management Inc now owns 8,928,534 shares of the company’s stock valued at $551,821,000 after purchasing an additional 1,559,673 shares during the last quarter. Black Creek Investment Management Inc. raised its stake in shares of Nutrien by 57.3% during the third quarter. Black Creek Investment Management Inc. now owns 2,367,244 shares of the company’s stock valued at $139,050,000 after acquiring an additional 862,487 shares during the last quarter. Finally, Man Group plc raised its stake in shares of Nutrien by 5,178.4% during the third quarter. Man Group plc now owns 775,919 shares of the company’s stock valued at $45,577,000 after acquiring an additional 761,219 shares during the last quarter. Institutional investors own 63.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on NTR shares. JPMorgan Chase & Co. boosted their price objective on shares of Nutrien from $78.00 to $80.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. TD Securities reissued a “buy” rating on shares of Nutrien in a research note on Wednesday, May 6th. Berenberg Bank set a $65.00 price objective on shares of Nutrien and gave the stock a “hold” rating in a research note on Wednesday. Jefferies Financial Group raised shares of Nutrien from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $74.00 to $96.00 in a research note on Thursday, March 12th. Finally, Wells Fargo & Company raised shares of Nutrien from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $77.00 to $100.00 in a research note on Friday, March 13th. Eleven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.71.

Nutrien Stock Performance

Shares of Nutrien stock opened at $67.65 on Monday. Nutrien Ltd. has a twelve month low of $53.03 and a twelve month high of $85.36. The company’s fifty day moving average is $71.34 and its 200 day moving average is $69.26. The stock has a market cap of $32.42 billion, a price-to-earnings ratio of 13.78, a P/E/G ratio of 0.62 and a beta of 0.60. The company has a quick ratio of 0.59, a current ratio of 1.24 and a debt-to-equity ratio of 0.35.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. The business had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. During the same quarter last year, the firm earned $0.11 earnings per share. Nutrien’s quarterly revenue was up 18.5% on a year-over-year basis. Sell-side analysts forecast that Nutrien Ltd. will post 5.45 EPS for the current year.

Nutrien Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, June 30th. Nutrien’s dividend payout ratio (DPR) is currently 44.81%.

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.