Nomura Asset Management Co. Ltd. Sells 23,640 Shares of Nutrien Ltd. $NTR

Nomura Asset Management Co. Ltd. cut its position in shares of Nutrien Ltd. (NYSE:NTR) by 14.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 135,560 shares of the company’s stock after selling 23,640 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Nutrien were worth $8,367,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Nutrien by 65.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,224 shares of the company’s stock valued at $1,253,000 after purchasing an additional 9,950 shares during the period. NewEdge Advisors LLC raised its position in Nutrien by 6.2% during the first quarter. NewEdge Advisors LLC now owns 6,907 shares of the company’s stock valued at $343,000 after purchasing an additional 404 shares during the period. Focus Partners Wealth purchased a new stake in Nutrien during the first quarter valued at approximately $516,000. Acadian Asset Management LLC purchased a new stake in Nutrien during the first quarter valued at approximately $54,000. Finally, Prudential Financial Inc. purchased a new stake in Nutrien during the second quarter valued at approximately $203,000. 63.10% of the stock is owned by institutional investors.

Nutrien Trading Up 0.7%

Shares of NYSE NTR opened at $68.97 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 1.24. The business’s 50 day moving average price is $72.56 and its 200-day moving average price is $68.76. Nutrien Ltd. has a fifty-two week low of $53.03 and a fifty-two week high of $85.36. The company has a market cap of $33.11 billion, a price-to-earnings ratio of 14.05, a PEG ratio of 0.63 and a beta of 0.60.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The firm had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.30 billion. During the same period in the prior year, the business posted $0.11 earnings per share. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. On average, sell-side analysts expect that Nutrien Ltd. will post 5.45 earnings per share for the current year.

Nutrien Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Tuesday, June 30th. Nutrien’s dividend payout ratio is presently 44.81%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NTR shares. Raymond James Financial upgraded Nutrien from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $74.00 to $90.00 in a research report on Tuesday, May 5th. Royal Bank Of Canada upped their price objective on Nutrien from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Tuesday, April 7th. Wells Fargo & Company upgraded Nutrien from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $77.00 to $100.00 in a research report on Friday, March 13th. Wall Street Zen downgraded Nutrien from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Jefferies Financial Group upgraded Nutrien from a “hold” rating to a “buy” rating and upped their price objective for the company from $74.00 to $96.00 in a research report on Thursday, March 12th. Eleven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.75.

Nutrien Profile

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.