Nutrien Ltd. (NYSE:NTR) Holdings Reduced by D.A. Davidson & CO.

D.A. Davidson & CO. lessened its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 20.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 133,630 shares of the company’s stock after selling 33,775 shares during the quarter. D.A. Davidson & CO.’s holdings in Nutrien were worth $6,422,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Horizon Kinetics Asset Management LLC raised its stake in shares of Nutrien by 2.8% during the third quarter. Horizon Kinetics Asset Management LLC now owns 317,633 shares of the company’s stock valued at $15,265,000 after purchasing an additional 8,531 shares in the last quarter. Mirabella Financial Services LLP raised its position in shares of Nutrien by 125.7% during the 3rd quarter. Mirabella Financial Services LLP now owns 18,238 shares of the company’s stock worth $877,000 after buying an additional 10,159 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Nutrien by 20.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 2,213 shares of the company’s stock worth $106,000 after acquiring an additional 381 shares during the period. Larson Financial Group LLC boosted its holdings in shares of Nutrien by 1,370.6% in the third quarter. Larson Financial Group LLC now owns 1,603 shares of the company’s stock valued at $77,000 after acquiring an additional 1,494 shares in the last quarter. Finally, KKM Financial LLC boosted its holdings in shares of Nutrien by 5.6% in the third quarter. KKM Financial LLC now owns 38,297 shares of the company’s stock valued at $1,841,000 after acquiring an additional 2,045 shares in the last quarter. Institutional investors own 63.10% of the company’s stock.

Nutrien Stock Up 0.4 %

Shares of Nutrien stock opened at $46.09 on Thursday. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. Nutrien Ltd. has a 1 year low of $44.65 and a 1 year high of $60.87. The stock has a 50-day moving average price of $47.97 and a 200 day moving average price of $49.91. The company has a market cap of $22.76 billion, a P/E ratio of 30.93, a P/E/G ratio of 1.64 and a beta of 0.82.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The company had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.26 billion. During the same period in the previous year, the firm posted $0.35 earnings per share. The business’s revenue for the quarter was down 5.0% on a year-over-year basis. As a group, analysts expect that Nutrien Ltd. will post 3.56 EPS for the current fiscal year.

Nutrien Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.939 per share. This represents a $3.76 annualized dividend and a dividend yield of 8.15%. This is a positive change from Nutrien’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Tuesday, December 31st. Nutrien’s dividend payout ratio (DPR) is currently 144.97%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Hsbc Global Res downgraded Nutrien from a “hold” rating to a “moderate sell” rating in a research report on Friday, August 2nd. Mizuho decreased their target price on Nutrien from $55.00 to $52.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Barclays dropped their price target on shares of Nutrien from $68.00 to $55.00 and set an “overweight” rating on the stock in a research report on Friday, August 16th. HSBC lowered shares of Nutrien from a “hold” rating to a “reduce” rating in a research report on Friday, August 2nd. Finally, BMO Capital Markets cut their target price on shares of Nutrien from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Three investment 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. According to MarketBeat, Nutrien has a consensus rating of “Hold” and a consensus price target of $60.33.

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.