Clal Insurance Enterprises Holdings Ltd Acquires 1,100,000 Shares of Nutrien Ltd. (NYSE:NTR)

Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 78.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,495,282 shares of the company's stock after buying an additional 1,100,000 shares during the quarter. Nutrien comprises 1.1% of Clal Insurance Enterprises Holdings Ltd's portfolio, making the stock its 27th largest holding. Clal Insurance Enterprises Holdings Ltd owned approximately 0.51% of Nutrien worth $121,271,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of NTR. Lester Murray Antman dba SimplyRich raised its stake in Nutrien by 2.3% in the second quarter. Lester Murray Antman dba SimplyRich now owns 9,069 shares of the company's stock valued at $461,000 after purchasing an additional 202 shares in the last quarter. FFT Wealth Management LLC lifted its holdings in shares of Nutrien by 0.8% during the 2nd quarter. FFT Wealth Management LLC now owns 29,220 shares of the company's stock worth $1,488,000 after acquiring an additional 220 shares during the last quarter. Covestor Ltd grew its position in Nutrien by 33.3% in the first quarter. Covestor Ltd now owns 932 shares of the company's stock worth $50,000 after acquiring an additional 233 shares in the last quarter. MONECO Advisors LLC increased its stake in Nutrien by 2.4% in the second quarter. MONECO Advisors LLC now owns 9,791 shares of the company's stock valued at $498,000 after acquiring an additional 233 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in Nutrien by 6.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,309 shares of the company's stock valued at $207,000 after purchasing an additional 263 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. UBS Group lowered Nutrien from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $66.00 to $51.00 in a research report on Thursday, October 10th. Hsbc Global Res downgraded shares of Nutrien from a "hold" rating to a "moderate sell" rating in a research note on Friday, August 2nd. Wells Fargo & Company lowered shares of Nutrien from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $62.00 to $50.00 in a report on Tuesday, September 24th. The Goldman Sachs Group lowered shares of Nutrien from a "buy" rating to a "neutral" rating and cut their price target for the company from $69.00 to $53.00 in a research report on Tuesday, September 10th. Finally, Scotiabank reduced their price target on Nutrien from $66.00 to $59.00 and set a "sector outperform" rating on the stock in a research report on Monday, August 12th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $60.33.

Nutrien Stock Up 0.1 %

Shares of NYSE:NTR traded up $0.06 during trading on Friday, hitting $46.93. The stock had a trading volume of 1,403,974 shares, compared to its average volume of 2,320,350. The company has a market capitalization of $23.18 billion, a PE ratio of 31.50, a PEG ratio of 1.65 and a beta of 0.82. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The firm's fifty day moving average is $48.01 and its 200 day moving average is $50.15. Nutrien Ltd. has a 12 month low of $44.65 and a 12 month high of $60.87.

Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $5.26 billion. During the same quarter last year, the company posted $0.35 EPS. Nutrien's revenue for the quarter was down 5.0% compared to the same quarter last year. Analysts anticipate that Nutrien Ltd. will post 3.56 EPS for the current fiscal year.

Nutrien Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be issued a $0.939 dividend. This represents a $3.76 annualized dividend and a yield of 8.00%. This is an increase from Nutrien's previous quarterly dividend of $0.54. The ex-dividend date is Tuesday, December 31st. Nutrien's payout ratio is 144.97%.

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.