Skandinaviska Enskilda Banken AB publ Raises Stock Position in Nutrien Ltd. (NYSE:NTR)

Skandinaviska Enskilda Banken AB publ raised its position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 12.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 69,624 shares of the company's stock after acquiring an additional 7,600 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Nutrien were worth $3,076,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of NTR. Fairway Wealth LLC bought a new stake in Nutrien during the 4th quarter valued at approximately $27,000. HHM Wealth Advisors LLC lifted its holdings in shares of Nutrien by 331.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 625 shares of the company's stock valued at $28,000 after purchasing an additional 480 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Nutrien by 1,437.5% during the fourth quarter. Assetmark Inc. now owns 738 shares of the company's stock valued at $33,000 after purchasing an additional 690 shares during the last quarter. Asset Planning Inc purchased a new position in shares of Nutrien during the fourth quarter valued at approximately $35,000. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of Nutrien by 96.7% during 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. 63.10% of the stock is owned by institutional investors.

Nutrien Stock Performance

Shares of NYSE:NTR traded up $0.11 during midday trading on Thursday, hitting $52.46. The company had a trading volume of 1,246,069 shares, compared to its average volume of 1,973,862. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82. The company has a market cap of $25.67 billion, a price-to-earnings ratio of 38.29, a PEG ratio of 1.19 and a beta of 0.81. Nutrien Ltd. has a 12-month low of $43.70 and a 12-month high of $60.87. The company has a fifty day moving average of $51.50 and a two-hundred day moving average of $48.76.

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Nutrien (NYSE:NTR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.09). Nutrien had a return on equity of 6.81% and a net margin of 2.62%. The business had revenue of $5.08 billion during the quarter, compared to analysts' expectations of $5.09 billion. On average, equities research analysts expect that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be paid a $0.545 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.18 dividend on an annualized basis and a yield of 4.16%. Nutrien's payout ratio is presently 159.12%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NTR. Mizuho lifted their target price on shares of Nutrien from $52.00 to $55.00 and gave the company a "neutral" rating in a report on Thursday, February 20th. Scotiabank boosted their price objective on shares of Nutrien from $60.00 to $62.00 and gave the stock a "sector outperform" rating in a report on Monday, February 24th. Wells Fargo & Company boosted their price objective on shares of Nutrien from $53.00 to $56.00 and gave the stock an "equal weight" rating in a report on Friday, February 21st. Piper Sandler boosted their price objective on shares of Nutrien from $58.00 to $63.00 and gave the stock an "overweight" rating in a report on Monday, January 27th. Finally, Raymond James upgraded shares of Nutrien from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $58.00 to $60.00 in a report on Tuesday, December 3rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $60.13.

Nutrien Company 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.