Sumitomo Mitsui Trust Holdings Inc. Lowers Stock Holdings in Nutrien Ltd. (NYSE:NTR)

Sumitomo Mitsui Trust Holdings Inc. lowered its position in Nutrien Ltd. (NYSE:NTR) by 1.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,520,513 shares of the company’s stock after selling 26,905 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.31% of Nutrien worth $82,648,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Dixon Mitchell Investment Counsel Inc. grew its holdings in Nutrien by 5.6% during the 1st quarter. Dixon Mitchell Investment Counsel Inc. now owns 165,902 shares of the company’s stock worth $9,108,000 after acquiring an additional 8,758 shares in the last quarter. Aviance Capital Partners LLC boosted its stake in shares of Nutrien by 4.7% during the first quarter. Aviance Capital Partners LLC now owns 13,900 shares of the company’s stock valued at $755,000 after purchasing an additional 618 shares in the last quarter. Galibier Capital Management Ltd. raised its stake in Nutrien by 4.9% in the first quarter. Galibier Capital Management Ltd. now owns 445,941 shares of the company’s stock worth $24,250,000 after buying an additional 20,811 shares in the last quarter. Addenda Capital Inc. lifted its holdings in Nutrien by 1.0% during the first quarter. Addenda Capital Inc. now owns 552,004 shares of the company’s stock worth $29,979,000 after buying an additional 5,221 shares during the period. Finally, GoalVest Advisory LLC bought a new stake in Nutrien during the 1st quarter valued at $35,000. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Nutrien Stock Up 1.8 %

Shares of NTR opened at $50.90 on Friday. The company has a market capitalization of $25.18 billion, a price-to-earnings ratio of 29.77, a PEG ratio of 1.66 and a beta of 0.83. Nutrien Ltd. has a 52 week low of $47.90 and a 52 week high of $69.12. The stock’s 50-day moving average price is $54.77 and its 200-day moving average price is $53.63. The company has a quick ratio of 0.53, a current ratio of 1.15 and a debt-to-equity ratio of 0.36.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.34 by $0.11. The business had revenue of $5.39 billion for the quarter, compared to analyst estimates of $5.38 billion. Nutrien had a return on equity of 7.31% and a net margin of 3.01%. On average, sell-side analysts predict that Nutrien Ltd. will post 3.84 EPS for the current year.

Nutrien Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, June 28th will be issued a $0.54 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.16 dividend on an annualized basis and a yield of 4.24%. Nutrien’s payout ratio is 126.32%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on NTR shares. Wells Fargo & Company raised their price objective on Nutrien from $67.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, May 10th. Scotiabank cut their price objective on shares of Nutrien from $67.00 to $66.00 and set an “outperform” rating on the stock in a research report on Monday, May 13th. Jefferies Financial Group assumed coverage on shares of Nutrien in a research report on Tuesday, March 26th. They issued a “buy” rating and a $62.00 price objective on the stock. Piper Sandler dropped their target price on shares of Nutrien from $56.00 to $55.00 and set an “underweight” rating on the stock in a research report on Tuesday, June 11th. Finally, HSBC decreased their price target on shares of Nutrien from $63.00 to $57.00 and set a “hold” rating for the company in a report on Friday, March 8th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $66.28.

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.