Euro Pacific Asset Management LLC Reduces Holdings in Nutrien Ltd. (NYSE:NTR)

Euro Pacific Asset Management LLC lessened its stake in shares of Nutrien Ltd. (NYSE:NTR) by 2.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 107,745 shares of the company’s stock after selling 2,373 shares during the quarter. Nutrien comprises approximately 1.1% of Euro Pacific Asset Management LLC’s holdings, making the stock its 29th largest holding. Euro Pacific Asset Management LLC’s holdings in Nutrien were worth $4,904,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in NTR. Silchester International Investors LLP grew its stake in shares of Nutrien by 9.5% in the fourth quarter. Silchester International Investors LLP now owns 11,693,137 shares of the company’s stock worth $523,268,000 after purchasing an additional 1,009,895 shares during the last quarter. National Bank of Canada FI increased its stake in shares of Nutrien by 4.1% during the third quarter. National Bank of Canada FI now owns 4,232,211 shares of the company’s stock valued at $203,380,000 after buying an additional 165,582 shares during the period. Toronto Dominion Bank raised its holdings in shares of Nutrien by 11.9% during the third quarter. Toronto Dominion Bank now owns 4,220,354 shares of the company’s stock valued at $202,830,000 after acquiring an additional 447,413 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Nutrien in the third quarter worth $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 valued at $121,271,000 after acquiring an additional 1,100,000 shares in the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Stock Performance

NYSE:NTR opened at $52.79 on Friday. Nutrien Ltd. has a fifty-two week low of $43.69 and a fifty-two week high of $60.87. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. The company has a 50 day moving average price of $47.47 and a 200 day moving average price of $47.96. The stock has a market capitalization of $25.93 billion, a P/E ratio of 35.43, a PEG ratio of 1.17 and a beta of 0.81.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, November 6th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.04). The business 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%. Nutrien’s quarterly revenue was down 5.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.35 earnings per share. Equities research analysts forecast that Nutrien Ltd. will post 3.5 EPS for the current year.

Nutrien Increases Dividend

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

Analysts Set New Price Targets

NTR has been the subject of several research reports. CIBC restated an “outperformer” rating and issued a $55.00 price objective (down from $60.00) on shares of Nutrien in a report on Tuesday, December 10th. Raymond James upgraded shares of Nutrien from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $58.00 to $60.00 in a report on Tuesday, December 3rd. UBS Group downgraded Nutrien from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $66.00 to $51.00 in a report on Thursday, October 10th. TD Securities lowered 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. Finally, Oppenheimer initiated coverage on Nutrien in a research report on Thursday, December 12th. They set an “outperform” rating and a $60.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.39.

About Nutrien

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.