Central Pacific Bank Trust Division Purchases New Holdings in Nutrien Ltd. (NYSE:NTR)

Central Pacific Bank Trust Division acquired a new position in Nutrien Ltd. (NYSE:NTR) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 582 shares of the company’s stock, valued at approximately $28,000.

Several other institutional investors also recently modified their holdings of NTR. Parallel Advisors LLC raised its position in Nutrien by 41.0% in 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. Campbell & CO Investment Adviser LLC acquired a new stake in Nutrien in the 4th quarter valued at $563,000. Belpointe Asset Management LLC bought a new stake in Nutrien in the fourth quarter valued at $245,000. Tower Research Capital LLC TRC raised its stake in Nutrien by 2,690.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 31,669 shares of the company’s stock worth $1,784,000 after acquiring an additional 30,534 shares in the last quarter. Finally, Gabelli Funds LLC boosted its stake in shares of Nutrien by 18.1% in the 4th quarter. Gabelli Funds LLC now owns 39,090 shares of the company’s stock valued at $2,202,000 after purchasing an additional 6,000 shares in the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Stock Down 0.2 %

NTR stock traded down $0.12 during mid-day trading on Friday, hitting $49.82. 1,258,525 shares of the company were exchanged, compared to its average volume of 1,933,286. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.82 and a current ratio of 1.26. Nutrien Ltd. has a 1-year low of $44.65 and a 1-year high of $62.53. The firm’s 50 day simple moving average is $47.60 and its 200 day simple moving average is $51.55. The firm has a market cap of $24.65 billion, a P/E ratio of 29.13, a P/E/G ratio of 1.58 and a beta of 0.82.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $2.34 EPS for the quarter, beating the consensus estimate of $2.19 by $0.15. The business had revenue of $10.16 billion for the quarter, compared to analysts’ expectations of $10.82 billion. Nutrien had a net margin of 2.97% and a return on equity of 6.91%. The firm’s revenue was down 12.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.53 EPS. On average, sell-side analysts predict that Nutrien Ltd. will post 3.83 EPS for the current fiscal year.

Nutrien Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, September 27th will be issued a $0.54 dividend. The ex-dividend date is Friday, September 27th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.34%. Nutrien’s dividend payout ratio (DPR) is presently 126.32%.

Analysts Set New Price Targets

NTR has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered shares of Nutrien from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $62.00 to $50.00 in a research report on Tuesday, September 24th. UBS Group decreased their price target on Nutrien from $67.00 to $66.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Barclays reduced their price objective on Nutrien from $68.00 to $55.00 and set an “overweight” rating on the stock in a research note on Friday, August 16th. Scotiabank cut their price target on Nutrien from $66.00 to $59.00 and set a “sector outperform” rating for the company in a report on Monday, August 12th. Finally, Hsbc Global Res cut shares of Nutrien from a “hold” rating to a “moderate sell” rating in a research report on Friday, August 2nd. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Nutrien presently has an average rating of “Hold” and a consensus price target of $61.50.

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.