Mufg Securities Canada LTD. Acquires 314,375 Shares of Nutrien Ltd. (NYSE:NTR)

Mufg Securities Canada LTD. increased its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 71.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 753,487 shares of the company’s stock after acquiring an additional 314,375 shares during the quarter. Nutrien comprises about 1.2% of Mufg Securities Canada LTD.’s investment portfolio, making the stock its 23rd largest holding. Mufg Securities Canada LTD. owned approximately 0.15% of Nutrien worth $33,693,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Uncommon Cents Investing LLC raised its position in shares of Nutrien by 2.1% in the fourth quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company’s stock valued at $517,000 after buying an additional 235 shares in the last quarter. Rhumbline Advisers raised its holdings in Nutrien by 3.5% in the 4th quarter. Rhumbline Advisers now owns 7,398 shares of the company’s stock valued at $331,000 after acquiring an additional 247 shares in the last quarter. FFT Wealth Management LLC lifted its position in shares of Nutrien by 0.9% during the 4th quarter. FFT Wealth Management LLC now owns 29,732 shares of the company’s stock valued at $1,330,000 after acquiring an additional 277 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Nutrien by 23.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,804 shares of the company’s stock worth $81,000 after purchasing an additional 348 shares in the last quarter. Finally, Kingsview Wealth Management LLC increased its position in shares of Nutrien by 3.3% in the third quarter. Kingsview Wealth Management LLC now owns 11,317 shares of the company’s stock worth $544,000 after purchasing an additional 365 shares during the period. Institutional investors and hedge funds own 63.10% of the company’s stock.

Analyst Upgrades and Downgrades

NTR has been the topic of several recent analyst reports. Piper Sandler raised their target price on shares of Nutrien from $58.00 to $63.00 and gave the company an “overweight” rating in a report on Monday, January 27th. Oppenheimer initiated coverage on shares of Nutrien in a research report on Thursday, December 12th. They set an “outperform” rating and a $60.00 price objective for the company. Wells Fargo & Company raised their target price on Nutrien from $53.00 to $56.00 and gave the company an “equal weight” rating in a report on Friday, February 21st. UBS Group boosted their price target on Nutrien from $53.00 to $54.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Finally, Barclays lifted their target price on Nutrien from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Nutrien currently has a consensus rating of “Hold” and an average price target of $60.13.

Nutrien Stock Down 4.5 %

Shares of NYSE:NTR opened at $50.19 on Wednesday. The firm has a market cap of $24.56 billion, a P/E ratio of 36.64, a P/E/G ratio of 1.19 and a beta of 0.81. Nutrien Ltd. has a 12-month low of $43.70 and a 12-month high of $60.87. The business has a fifty day simple moving average of $51.67 and a 200 day simple moving average of $48.91. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38.

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

Nutrien Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be given a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 4.34%. The ex-dividend date is Monday, March 31st. Nutrien’s dividend payout ratio (DPR) is presently 159.12%.

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.