US Bancorp DE Raises Holdings in Nutrien Ltd. (NYSE:NTR)

US Bancorp DE lifted its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 29.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 30,549 shares of the company’s stock after acquiring an additional 6,975 shares during the period. US Bancorp DE’s holdings in Nutrien were worth $1,367,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of NTR. Wealth Enhancement Advisory Services LLC grew its stake in shares of Nutrien by 6.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,309 shares of the company’s stock worth $207,000 after acquiring an additional 263 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Nutrien by 217.0% during the third quarter. Farther Finance Advisors LLC now owns 3,500 shares of the company’s stock worth $168,000 after acquiring an additional 2,396 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Nutrien by 25.7% during the third quarter. Janney Montgomery Scott LLC now owns 97,635 shares of the company’s stock worth $4,692,000 after acquiring an additional 19,984 shares during the last quarter. Townsend & Associates Inc grew its stake in shares of Nutrien by 97.5% during the third quarter. Townsend & Associates Inc now owns 562,846 shares of the company’s stock worth $26,887,000 after acquiring an additional 277,875 shares during the last quarter. Finally, Oxbow Advisors LLC grew its stake in shares of Nutrien by 68.7% during the third quarter. Oxbow Advisors LLC now owns 119,450 shares of the company’s stock worth $5,741,000 after acquiring an additional 48,645 shares during the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on NTR shares. Raymond James upgraded Nutrien from a “market perform” rating to an “outperform” rating and upped their target price for the company from $58.00 to $60.00 in a research report on Tuesday, December 3rd. TD Securities dropped their target price on Nutrien from $63.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Barclays upped their target price on Nutrien from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Wednesday. Piper Sandler upped their target price on Nutrien from $58.00 to $63.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Finally, Oppenheimer started coverage on Nutrien in a research report on Thursday, December 12th. They issued an “outperform” rating and a $60.00 target price on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $60.13.

Nutrien Trading Down 0.2 %

Nutrien stock opened at $51.03 on Friday. Nutrien Ltd. has a 12 month low of $43.70 and a 12 month high of $60.87. The firm has a market cap of $24.96 billion, a PE ratio of 37.24, a P/E/G ratio of 1.19 and a beta of 0.81. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. The stock’s 50 day simple moving average is $50.71 and its two-hundred day simple moving average is $48.58.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The business had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $5.09 billion. Analysts anticipate that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be given a dividend of $0.545 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.27%. Nutrien’s dividend payout ratio (DPR) is 159.12%.

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.