Credit Capital Investments LLC Has $3.42 Million Stock Holdings in Nutrien Ltd. (NYSE:NTR)

Credit Capital Investments LLC lessened its stake in shares of Nutrien Ltd. (NYSE:NTR) by 4.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 76,500 shares of the company’s stock after selling 3,500 shares during the quarter. Nutrien comprises about 4.4% of Credit Capital Investments LLC’s portfolio, making the stock its 11th largest holding. Credit Capital Investments LLC’s holdings in Nutrien were worth $3,423,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Goodman Financial Corp increased its position in Nutrien by 4.6% during the third quarter. Goodman Financial Corp now owns 253,860 shares of the company’s stock worth $12,201,000 after acquiring an additional 11,058 shares during the period. Charles Schwab Investment Management Inc. increased its position in Nutrien by 10.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,742,351 shares of the company’s stock worth $83,812,000 after acquiring an additional 157,932 shares during the period. Covea Finance increased its position in Nutrien by 21.9% during the fourth quarter. Covea Finance now owns 55,600 shares of the company’s stock worth $2,485,000 after acquiring an additional 10,000 shares during the period. Clal Insurance Enterprises Holdings Ltd increased its position in Nutrien by 78.8% during 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 during the period. Finally, Wellington Management Group LLP increased its position in Nutrien by 12.2% during the third quarter. Wellington Management Group LLP now owns 1,396,887 shares of the company’s stock worth $67,200,000 after acquiring an additional 151,596 shares during the period. Institutional investors and hedge funds own 63.10% of the company’s stock.

Analyst Ratings Changes

NTR has been the topic of a number of recent research reports. Raymond James raised shares of Nutrien from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $58.00 to $60.00 in a research report on Tuesday, December 3rd. Piper Sandler raised their price target on shares of Nutrien from $58.00 to $63.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. Scotiabank raised their price target on shares of Nutrien from $60.00 to $62.00 and gave the stock a “sector outperform” rating in a research report on Monday, February 24th. JPMorgan Chase & Co. raised shares of Nutrien from an “underweight” rating to a “neutral” rating and raised their target price for the company from $40.00 to $50.00 in a report on Monday, January 13th. Finally, Mizuho raised their target price on shares of Nutrien from $52.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $60.13.

Nutrien Stock Performance

NYSE NTR opened at $52.06 on Wednesday. Nutrien Ltd. has a 1 year low of $43.70 and a 1 year high of $60.87. 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 firm has a market cap of $25.47 billion, a price-to-earnings ratio of 38.00, a PEG ratio of 1.19 and a beta of 0.81. The company has a fifty day moving average price of $51.41 and a 200-day moving average price of $48.74.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). The company had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $5.09 billion. Nutrien had a return on equity of 6.81% and a net margin of 2.62%. As a group, equities research analysts predict that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be issued a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date is Monday, March 31st. Nutrien’s payout ratio is 159.12%.

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.