SBI Securities Co. Ltd. Acquires Shares of 9,348 Nutrien Ltd. (NYSE:NTR)

SBI Securities Co. Ltd. purchased a new stake in Nutrien Ltd. (NYSE:NTR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,348 shares of the company's stock, valued at approximately $418,000.

A number of other institutional investors also recently modified their holdings of the company. HHM Wealth Advisors LLC raised its position in Nutrien by 331.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company's stock valued at $28,000 after buying an additional 480 shares during the last quarter. Asset Planning Inc bought a new position in shares of Nutrien during the 4th quarter worth approximately $35,000. Exchange Traded Concepts LLC raised its holdings in shares of Nutrien by 96.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock valued at $38,000 after purchasing an additional 416 shares during the last quarter. Principal Securities Inc. lifted its position in shares of Nutrien by 138.1% in the fourth quarter. Principal Securities Inc. now owns 931 shares of the company's stock worth $42,000 after purchasing an additional 540 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in Nutrien during the fourth quarter worth $67,000. 63.10% of the stock is currently owned by institutional investors.

Nutrien Stock Performance

NTR traded down $0.12 on Friday, reaching $51.03. The company had a trading volume of 2,899,943 shares, compared to its average volume of 1,982,798. The company's fifty day moving average is $50.71 and its 200 day moving average is $48.57. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. The stock has a market cap of $24.96 billion, a P/E ratio of 37.24, a P/E/G ratio of 1.19 and a beta of 0.81. Nutrien Ltd. has a fifty-two week low of $43.70 and a fifty-two week high of $60.87.

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Nutrien (NYSE:NTR - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.09). The firm had revenue of $5.08 billion during the quarter, compared to analyst estimates of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. As a group, analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date is Monday, March 31st. Nutrien's dividend payout ratio is currently 159.12%.

Analyst Ratings Changes

Several brokerages have commented on NTR. UBS Group boosted their price target on shares of Nutrien from $53.00 to $54.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. Scotiabank upped their target price on Nutrien from $60.00 to $62.00 and gave the stock a "sector outperform" rating in a report on Monday, February 24th. Oppenheimer initiated coverage on Nutrien in a research report on Thursday, December 12th. They set an "outperform" rating and a $60.00 price target for the company. TD Securities lowered their price target on Nutrien from $63.00 to $61.00 and set a "buy" rating on the stock in a research report on Tuesday, November 12th. Finally, Wells Fargo & Company upped their price objective on Nutrien from $53.00 to $56.00 and gave the stock an "equal weight" rating in a research note on Friday, February 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Nutrien presently has an average rating of "Moderate Buy" and an average price target of $59.94.

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.