Nutrien Ltd. (NYSE:NTR) Stake Lessened by Moody National Bank Trust Division

Moody National Bank Trust Division cut its stake in Nutrien Ltd. (NYSE:NTR) by 34.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,290 shares of the company’s stock after selling 4,292 shares during the period. Moody National Bank Trust Division’s holdings in Nutrien were worth $422,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Nutrien by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 18,781,287 shares of the company’s stock valued at $1,020,012,000 after acquiring an additional 570,912 shares in the last quarter. Mackenzie Financial Corp raised its holdings in shares of Nutrien by 1.8% during the fourth quarter. Mackenzie Financial Corp now owns 13,331,450 shares of the company’s stock worth $751,381,000 after purchasing an additional 239,578 shares during the period. Parnassus Investments LLC lifted its position in shares of Nutrien by 19.5% in the 4th quarter. Parnassus Investments LLC now owns 12,017,181 shares of the company’s stock worth $676,928,000 after buying an additional 1,960,162 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of Nutrien by 0.5% in the 1st quarter. First Eagle Investment Management LLC now owns 9,571,272 shares of the company’s stock valued at $519,816,000 after buying an additional 50,369 shares during the period. Finally, TD Asset Management Inc boosted its holdings in shares of Nutrien by 28.6% in the 4th quarter. TD Asset Management Inc now owns 9,226,352 shares of the company’s stock valued at $522,309,000 after buying an additional 2,050,358 shares during the period. 63.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. TD Securities cut their target price on shares of Nutrien from $69.00 to $67.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Hsbc Global Res cut Nutrien from a “hold” rating to a “moderate sell” rating in a research report on Friday. UBS Group reduced their price objective on Nutrien from $67.00 to $66.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Mizuho raised Nutrien from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 16th. Finally, Piper Sandler cut their target price on Nutrien from $56.00 to $55.00 and set an “underweight” rating on the stock in a research note on Tuesday, June 11th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Nutrien currently has an average rating of “Moderate Buy” and a consensus price target of $65.39.

Nutrien Trading Down 0.1 %

Shares of NYSE:NTR traded down $0.06 during mid-day trading on Tuesday, hitting $47.18. The stock had a trading volume of 7,408,787 shares, compared to its average volume of 1,908,073. Nutrien Ltd. has a 12-month low of $45.90 and a 12-month high of $69.09. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.53 and a current ratio of 1.15. The company has a market cap of $23.34 billion, a PE ratio of 27.36, a P/E/G ratio of 1.65 and a beta of 0.83. The company’s 50 day moving average is $51.88 and its 200-day moving average is $52.85.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.11. The firm had revenue of $5.39 billion for the quarter, compared to the consensus estimate of $5.38 billion. Nutrien had a return on equity of 7.31% and a net margin of 3.01%. On average, sell-side analysts predict that Nutrien Ltd. will post 3.78 EPS for the current year.

Nutrien Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, June 28th were given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 4.58%. The ex-dividend date of this dividend was Friday, June 28th. Nutrien’s payout ratio is 126.32%.

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.