Nomura Asset Management Co. Ltd. Has $10.79 Million Stake in Nutrien Ltd. (NYSE:NTR)

Nomura Asset Management Co. Ltd. boosted its holdings in Nutrien Ltd. (NYSE:NTR - Free Report) by 22.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 224,400 shares of the company's stock after purchasing an additional 40,400 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in Nutrien were worth $10,785,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of NTR. Central Pacific Bank Trust Division acquired a new position in Nutrien in the third quarter valued at about $28,000. Family Firm Inc. acquired a new position in shares of Nutrien in the 2nd quarter valued at approximately $32,000. Andra AP fonden bought a new stake in shares of Nutrien during the 2nd quarter worth approximately $51,000. Oakworth Capital Inc. acquired a new stake in shares of Nutrien during the 2nd quarter worth approximately $52,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Nutrien in the second quarter valued at approximately $52,000. Institutional investors own 63.10% of the company's stock.

Nutrien Trading Up 0.1 %

Shares of Nutrien stock traded up $0.05 during trading on Thursday, hitting $47.93. The company's stock had a trading volume of 2,404,443 shares, compared to its average volume of 1,960,914. The stock has a market cap of $23.67 billion, a price-to-earnings ratio of 32.23, a price-to-earnings-growth ratio of 1.69 and a beta of 0.80. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82. Nutrien Ltd. has a 52 week low of $44.65 and a 52 week high of $60.87. The stock has a 50-day moving average price of $47.92 and a two-hundred day moving average price of $49.17.

Nutrien (NYSE:NTR - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The company 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 firm posted $0.35 EPS. The company's quarterly revenue was down 5.0% on a year-over-year basis. Equities research analysts anticipate that Nutrien Ltd. will post 3.54 EPS for the current fiscal year.

Nutrien Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.939 per share. This represents a $3.76 dividend on an annualized basis and a yield of 7.84%. The ex-dividend date is Tuesday, December 31st. This is an increase from Nutrien's previous quarterly dividend of $0.54. Nutrien's dividend payout ratio is currently 144.97%.

Analyst Ratings Changes

NTR has been the subject of several recent analyst reports. Royal Bank of Canada restated an "outperform" rating and set a $60.00 target price on shares of Nutrien in a research note on Friday, September 20th. CIBC restated an "outperformer" rating and set a $55.00 price objective (down from $60.00) on shares of Nutrien in a research report on Tuesday. TD Securities decreased 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. The Goldman Sachs Group cut shares of Nutrien from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $69.00 to $53.00 in a report on Tuesday, September 10th. Finally, Oppenheimer assumed coverage on shares of Nutrien in a report on Thursday. They set an "outperform" rating and a $60.00 price target on the stock. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $58.95.

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.