Nutrien Ltd. (NYSE:NTR) Shares Bought by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC lifted its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 2.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 317,633 shares of the company’s stock after purchasing an additional 8,531 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in Nutrien were worth $15,265,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Bank of Montreal Can boosted its holdings in Nutrien by 15.5% during the second quarter. Bank of Montreal Can now owns 13,354,385 shares of the company’s stock worth $719,668,000 after buying an additional 1,794,333 shares in the last quarter. Silchester International Investors LLP grew its position in shares of Nutrien by 164.4% in the third quarter. Silchester International Investors LLP now owns 10,683,242 shares of the company’s stock valued at $513,437,000 after purchasing an additional 6,642,075 shares during the last quarter. 1832 Asset Management L.P. increased its stake in shares of Nutrien by 1.9% during the 2nd quarter. 1832 Asset Management L.P. now owns 9,006,528 shares of the company’s stock worth $458,522,000 after purchasing an additional 167,312 shares in the last quarter. Altshuler Shaham Ltd lifted its stake in Nutrien by 8.1% in the 2nd quarter. Altshuler Shaham Ltd now owns 5,990,374 shares of the company’s stock valued at $304,970,000 after buying an additional 446,340 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Nutrien by 8.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,145,375 shares of the company’s stock valued at $261,985,000 after buying an additional 399,348 shares during the last quarter. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NTR has been the topic of a number of recent research reports. Scotiabank reduced their target price on shares of Nutrien from $66.00 to $59.00 and set a “sector outperform” rating on the stock in a report on Monday, August 12th. TD Securities decreased their target price on shares of Nutrien from $63.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. BMO Capital Markets cut their price target on Nutrien from $80.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, August 9th. HSBC cut Nutrien from a “hold” rating to a “reduce” rating in a report on Friday, August 2nd. Finally, Barclays reduced their target price on Nutrien from $68.00 to $55.00 and set an “overweight” rating on the stock in a research report on Friday, August 16th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $60.33.

Nutrien Trading Up 0.0 %

Shares of NTR opened at $46.95 on Monday. Nutrien Ltd. has a 12 month low of $44.65 and a 12 month high of $60.87. The stock’s 50-day moving average is $48.01 and its two-hundred day moving average is $50.11. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82. The stock has a market cap of $23.19 billion, a PE ratio of 31.50, a P/E/G ratio of 1.65 and a beta of 0.82.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, November 6th. The company reported $0.39 EPS for the quarter, missing the consensus estimate 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 net margin of 2.79% and a return on equity of 6.99%. The business’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.35 earnings per share. Equities analysts forecast that Nutrien Ltd. will post 3.56 earnings per share for the current fiscal year.

Nutrien Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.939 per share. This is a boost from Nutrien’s previous quarterly dividend of $0.54. This represents a $3.76 dividend on an annualized basis and a dividend yield of 8.00%. The ex-dividend date of this dividend is Tuesday, December 31st. Nutrien’s 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.