Nutrien Ltd. (NYSE:NTR) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC cut its position in Nutrien Ltd. (NYSE:NTR) by 65.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 130,176 shares of the company’s stock after selling 248,323 shares during the period. Hsbc Holdings PLC’s holdings in Nutrien were worth $6,664,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of NTR. PNC Financial Services Group Inc. raised its stake in Nutrien by 3.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 14,332 shares of the company’s stock valued at $807,000 after buying an additional 432 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in Nutrien by 8.7% in the fourth quarter. Corient Private Wealth LLC now owns 27,810 shares of the company’s stock valued at $1,567,000 after purchasing an additional 2,229 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Nutrien by 75.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 114,800 shares of the company’s stock valued at $6,467,000 after purchasing an additional 49,400 shares during the last quarter. Parallel Advisors LLC raised its holdings in Nutrien by 41.0% during the fourth quarter. Parallel Advisors LLC now owns 1,049 shares of the company’s stock worth $59,000 after purchasing an additional 305 shares in the last quarter. Finally, CORDA Investment Management LLC. lifted its position in shares of Nutrien by 0.3% during the 4th quarter. CORDA Investment Management LLC. now owns 437,555 shares of the company’s stock worth $24,654,000 after buying an additional 1,201 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NTR shares. UBS Group cut their price target on shares of Nutrien from $67.00 to $66.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Barclays reduced their target price on Nutrien from $68.00 to $55.00 and set an “overweight” rating for the company in a report on Friday, August 16th. Hsbc Global Res lowered Nutrien from a “hold” rating to a “moderate sell” rating in a research report on Friday, August 2nd. Royal Bank of Canada restated an “outperform” rating and set a $60.00 target price on shares of Nutrien in a research report on Friday. Finally, Piper Sandler reduced their price target on shares of Nutrien from $56.00 to $55.00 and set an “underweight” rating for the company in a research report on Tuesday, June 11th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $62.39.

Nutrien Stock Up 0.9 %

NTR opened at $47.48 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.26 and a quick ratio of 0.82. Nutrien Ltd. has a 12 month low of $44.65 and a 12 month high of $63.60. The stock has a market capitalization of $23.49 billion, a P/E ratio of 27.77, a P/E/G ratio of 1.53 and a beta of 0.82. The business has a 50 day simple moving average of $47.95 and a 200-day simple moving average of $51.81.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, August 7th. The company reported $2.34 EPS for the quarter, topping the consensus estimate of $2.19 by $0.15. The company had revenue of $10.16 billion for the quarter, compared to analyst estimates of $10.82 billion. Nutrien had a net margin of 2.97% and a return on equity of 6.91%. The business’s revenue was down 12.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.53 EPS. On average, equities analysts anticipate that Nutrien Ltd. will post 3.81 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, September 27th will be issued a $0.54 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.16 dividend on an annualized basis and a yield of 4.55%. Nutrien’s dividend payout ratio (DPR) is presently 126.32%.

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.