Nutrien Ltd. (NYSE:NTR) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 20.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,213 shares of the company’s stock after acquiring an additional 381 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Nutrien were worth $106,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Central Pacific Bank Trust Division acquired a new stake in Nutrien during the third quarter worth approximately $28,000. Family Firm Inc. acquired a new stake in Nutrien during the 2nd quarter worth $32,000. Trust Co. of Vermont grew its holdings in shares of Nutrien by 50.0% during the second quarter. Trust Co. of Vermont now owns 900 shares of the company’s stock worth $46,000 after purchasing an additional 300 shares during the last quarter. Andra AP fonden purchased a new position in shares of Nutrien during the second quarter worth about $51,000. Finally, Oakworth Capital Inc. purchased a new stake in shares of Nutrien in the 2nd quarter valued at about $52,000. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on NTR shares. UBS Group downgraded Nutrien from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $66.00 to $51.00 in a research note on Thursday, October 10th. Scotiabank reduced their price target on shares of Nutrien from $66.00 to $59.00 and set a “sector outperform” rating for the company in a research report on Monday, August 12th. BMO Capital Markets lowered their price objective on shares of Nutrien from $80.00 to $75.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. TD Securities reduced their target price on shares of Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Finally, Mizuho lowered their price target on Nutrien from $55.00 to $52.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $60.33.

Nutrien Stock Up 1.2 %

Shares of NYSE NTR opened at $46.66 on Monday. The stock has a market capitalization of $23.05 billion, a price-to-earnings ratio of 31.32, a price-to-earnings-growth ratio of 1.64 and a beta of 0.82. Nutrien Ltd. has a 52 week low of $44.65 and a 52 week high of $60.87. The firm has a 50-day moving average price of $47.93 and a 200 day moving average price of $49.71. 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 announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The firm had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.26 billion. During the same period last year, the firm earned $0.35 EPS. Nutrien’s revenue was down 5.0% compared to the same quarter last year. Equities research analysts anticipate that Nutrien Ltd. will post 3.56 EPS for the current fiscal year.

Nutrien Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.939 per share. This represents a $3.76 annualized dividend and a dividend yield of 8.05%. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from Nutrien’s previous quarterly dividend of $0.54. Nutrien’s payout ratio is 144.97%.

Nutrien 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.