Clal Insurance Enterprises Holdings Ltd Trims Stake in Nutrien Ltd. $NTR

Clal Insurance Enterprises Holdings Ltd cut its position in Nutrien Ltd. (NYSE:NTR) by 8.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,175,282 shares of the company’s stock after selling 210,000 shares during the quarter. Nutrien makes up 1.0% of Clal Insurance Enterprises Holdings Ltd’s investment portfolio, making the stock its 23rd biggest holding. Clal Insurance Enterprises Holdings Ltd’s holdings in Nutrien were worth $165,044,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Himension Capital Singapore PTE. LTD. purchased a new stake in Nutrien in the first quarter valued at approximately $918,000. Cadence Wealth Management LLC increased its holdings in shares of Nutrien by 9.8% in the 1st quarter. Cadence Wealth Management LLC now owns 16,926 shares of the company’s stock valued at $1,277,000 after acquiring an additional 1,505 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Nutrien by 6.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 27,418 shares of the company’s stock valued at $2,069,000 after acquiring an additional 1,684 shares during the period. Oslo Pensjonsforsikring AS purchased a new stake in Nutrien in the 1st quarter valued at $406,000. Finally, Baader Bank Aktiengesellschaft purchased a new stake in Nutrien in the 1st quarter valued at $427,000. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Analyst Ratings Changes

NTR has been the subject of a number of recent research reports. Mizuho decreased their price target on shares of Nutrien from $77.00 to $75.00 and set a “neutral” rating for the company in a research note on Tuesday, July 14th. UBS Group dropped their price objective on shares of Nutrien from $67.00 to $65.00 and set a “sell” rating on the stock in a research note on Monday, May 11th. Scotia raised shares of Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 target price for the company in a report on Tuesday, June 30th. JPMorgan Chase & Co. increased their target price on shares of Nutrien from $78.00 to $80.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Finally, Oppenheimer raised their price target on Nutrien from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Tuesday, May 12th. Fourteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $82.00.

Nutrien Price Performance

Shares of NTR opened at $66.78 on Wednesday. The company has a current ratio of 1.24, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. The stock’s 50 day moving average is $66.70 and its two-hundred day moving average is $69.96. Nutrien Ltd. has a twelve month low of $53.03 and a twelve month high of $85.36. The firm has a market capitalization of $31.94 billion, a PE ratio of 13.60, a P/E/G ratio of 0.65 and a beta of 0.62.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The company’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.11 EPS. Research analysts anticipate that Nutrien Ltd. will post 5.11 earnings per share for the current year.

Nutrien Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Tuesday, June 30th were given a $0.55 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.20 annualized dividend and a yield of 3.3%. Nutrien’s dividend payout ratio is presently 44.81%.

About Nutrien

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.