46,552 Shares in Nutrien Ltd. (NYSE:NTR) Acquired by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB purchased a new position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 46,552 shares of the company's stock, valued at approximately $2,237,000.

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

Analyst Ratings Changes

NTR has been the subject of several recent analyst reports. TD Securities reduced their price objective on shares of Nutrien from $63.00 to $61.00 and set a "buy" rating for the company in a research report on Tuesday, November 12th. Wells Fargo & Company cut shares of Nutrien from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $62.00 to $50.00 in a research report on Tuesday, September 24th. The Goldman Sachs Group lowered Nutrien from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $69.00 to $53.00 in a report on Tuesday, September 10th. UBS Group cut Nutrien from a "buy" rating to a "neutral" rating and decreased their target price for the company from $66.00 to $51.00 in a research report on Thursday, October 10th. Finally, CIBC reaffirmed an "outperformer" rating and set a $55.00 price target (down previously from $60.00) on shares of Nutrien in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $58.95.

Nutrien Price Performance

NTR stock traded up $0.25 on Friday, reaching $48.18. 1,478,614 shares of the company's stock were exchanged, compared to its average volume of 1,958,913. The stock has a fifty day moving average of $47.85 and a 200-day moving average of $49.09. The firm has a market cap of $23.72 billion, a PE ratio of 32.34, a P/E/G ratio of 1.72 and a beta of 0.80. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. Nutrien Ltd. has a twelve month low of $44.65 and a twelve month high of $60.87.

Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.39 earnings per share 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 company had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.26 billion. During the same period last year, the company earned $0.35 earnings per share. The business's revenue for the quarter was down 5.0% compared to the same quarter last year. As a group, equities analysts predict that Nutrien Ltd. will post 3.49 EPS for the current fiscal year.

Nutrien Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.939 per share. This is a positive change from Nutrien's previous quarterly dividend of $0.54. The ex-dividend date is Tuesday, December 31st. This represents a $3.76 annualized dividend and a dividend yield of 7.80%. Nutrien's payout ratio is 144.97%.

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.