Zurcher Kantonalbank Zurich Cantonalbank Sells 43,107 Shares of Nutrien Ltd. (NYSE:NTR)

Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in Nutrien Ltd. (NYSE:NTR - Free Report) by 16.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 212,314 shares of the company's stock after selling 43,107 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Nutrien were worth $10,214,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Tidal Investments LLC boosted its holdings in shares of Nutrien by 17.7% during the 1st quarter. Tidal Investments LLC now owns 26,115 shares of the company's stock worth $1,416,000 after buying an additional 3,920 shares during the period. Cetera Advisors LLC boosted its holdings in shares of Nutrien by 21.3% during the first quarter. Cetera Advisors LLC now owns 5,897 shares of the company's stock worth $321,000 after acquiring an additional 1,036 shares during the period. Teachers Retirement System of The State of Kentucky grew its position in shares of Nutrien by 32.1% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 63,950 shares of the company's stock valued at $3,473,000 after purchasing an additional 15,550 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Nutrien by 160.9% during the first quarter. EverSource Wealth Advisors LLC now owns 1,075 shares of the company's stock worth $57,000 after purchasing an additional 663 shares during the period. Finally, Trust Co. of Vermont lifted its holdings in Nutrien by 50.0% during the 2nd quarter. Trust Co. of Vermont now owns 900 shares of the company's stock worth $46,000 after purchasing an additional 300 shares during the last quarter. 63.10% of the stock is owned by institutional investors and hedge funds.

Nutrien Price Performance

NTR traded up $1.10 on Monday, reaching $47.76. The stock had a trading volume of 1,554,847 shares, compared to its average volume of 1,962,178. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $23.59 billion, a price-to-earnings ratio of 32.06, a price-to-earnings-growth ratio of 1.64 and a beta of 0.82. Nutrien Ltd. has a fifty-two week low of $44.65 and a fifty-two week high of $60.87. The firm has a 50-day moving average of $47.93 and a 200-day moving average of $49.71.

Nutrien (NYSE:NTR - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). The business had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.26 billion. Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The company's revenue was down 5.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.35 earnings per share. As a group, sell-side analysts anticipate that Nutrien Ltd. will post 3.56 EPS for the current year.

Nutrien Increases Dividend

The business 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 $0.939 dividend. This is a boost from Nutrien's previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.76 annualized dividend and a dividend yield of 7.86%. Nutrien's dividend payout ratio is presently 144.97%.

Analysts Set New Price Targets

A number of research analysts have commented on NTR shares. The Goldman Sachs Group lowered Nutrien from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $69.00 to $53.00 in a report on Tuesday, September 10th. Mizuho lowered their price target on shares of Nutrien from $55.00 to $52.00 and set a "neutral" rating on the stock in a research report on Thursday, August 8th. Royal Bank of Canada reissued an "outperform" rating and issued a $60.00 price objective on shares of Nutrien in a report on Friday, September 20th. BMO Capital Markets dropped their price target on shares of Nutrien from $80.00 to $75.00 and set an "outperform" rating for the company in a research report on Friday, August 9th. Finally, Scotiabank cut their price target on Nutrien from $66.00 to $59.00 and set a "sector outperform" rating for the company in a research note on Monday, August 12th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $60.33.

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.