Sumitomo Mitsui Trust Group Inc. Sells 52,581 Shares of Nutrien Ltd. (NYSE:NTR)

Sumitomo Mitsui Trust Group Inc. decreased its position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 30.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 122,749 shares of the company's stock after selling 52,581 shares during the quarter. Sumitomo Mitsui Trust Group Inc.'s holdings in Nutrien were worth $5,899,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in NTR. Central Pacific Bank Trust Division bought a new position in shares of Nutrien during the 3rd quarter worth approximately $28,000. Family Firm Inc. acquired a new position in shares of Nutrien during the 2nd quarter valued at $32,000. Trust Co. of Vermont boosted its stake in Nutrien by 50.0% during the second quarter. Trust Co. of Vermont now owns 900 shares of the company's stock worth $46,000 after acquiring an additional 300 shares in the last quarter. Covestor Ltd grew its holdings in Nutrien by 33.3% in the first quarter. Covestor Ltd now owns 932 shares of the company's stock worth $50,000 after purchasing an additional 233 shares during the period. Finally, Andra AP fonden bought a new stake in Nutrien in the second quarter valued at $51,000. Institutional investors own 63.10% of the company's stock.

Nutrien Price Performance

NTR stock traded down $0.04 during mid-day trading on Tuesday, hitting $45.56. 1,303,748 shares of the stock were exchanged, compared to its average volume of 1,969,509. The business has a fifty day moving average price of $47.98 and a 200 day moving average price of $50.34. Nutrien Ltd. has a 12 month low of $44.65 and a 12 month high of $60.87. 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 stock has a market capitalization of $22.50 billion, a price-to-earnings ratio of 30.60, a PEG ratio of 1.61 and a beta of 0.82.

Nutrien (NYSE:NTR - Get Free Report) last issued 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). The business had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.26 billion. Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The firm's revenue was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 earnings per share. On average, sell-side analysts anticipate that Nutrien Ltd. will post 3.59 EPS for the current year.

Nutrien Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be paid a $0.939 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 8.24%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Nutrien's previous quarterly dividend of $0.54. Nutrien's payout ratio is 144.97%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Royal Bank of Canada reissued an "outperform" rating and set a $60.00 price objective on shares of Nutrien in a research report on Friday, September 20th. UBS Group lowered shares of Nutrien from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $66.00 to $51.00 in a report on Thursday, October 10th. Mizuho cut their price target on Nutrien from $55.00 to $52.00 and set a "neutral" rating for the company in a research note on Thursday, August 8th. BMO Capital Markets decreased their price objective on shares of Nutrien from $80.00 to $75.00 and set an "outperform" rating for the company in a report on Friday, August 9th. Finally, Barclays dropped their target price on shares of Nutrien from $68.00 to $55.00 and set an "overweight" rating on the stock in a research note on Friday, August 16th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $60.33.

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.