Credit Capital Investments LLC Sells 16,100 Shares of Nutrien Ltd. $NTR

Credit Capital Investments LLC cut its stake in shares of Nutrien Ltd. (NYSE:NTR) by 24.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,000 shares of the company’s stock after selling 16,100 shares during the period. Nutrien accounts for approximately 4.1% of Credit Capital Investments LLC’s portfolio, making the stock its 11th largest holding. Credit Capital Investments LLC’s holdings in Nutrien were worth $2,912,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of NTR. Harbour Investments Inc. grew its stake in Nutrien by 94.8% during the first quarter. Harbour Investments Inc. now owns 715 shares of the company’s stock valued at $35,000 after acquiring an additional 348 shares in the last quarter. Huntington National Bank boosted its holdings in Nutrien by 72.6% in the 2nd quarter. Huntington National Bank now owns 656 shares of the company’s stock valued at $38,000 after purchasing an additional 276 shares during the period. Trust Co. of Toledo NA OH purchased a new position in shares of Nutrien during the 2nd quarter valued at $49,000. Allworth Financial LP increased its holdings in shares of Nutrien by 117.1% in the first quarter. Allworth Financial LP now owns 938 shares of the company’s stock worth $50,000 after purchasing an additional 506 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of Nutrien by 1,074.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,022 shares of the company’s stock worth $51,000 after purchasing an additional 935 shares during the period. 63.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NTR has been the subject of several recent analyst reports. Oppenheimer restated an “outperform” rating on shares of Nutrien in a research report on Wednesday, October 22nd. TD Securities lifted their price target on Nutrien from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Zacks Research cut shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Scotiabank lowered their target price on shares of Nutrien from $65.00 to $63.00 and set a “sector perform” rating on the stock in a research note on Monday. Finally, Bank of America reissued a “neutral” rating and issued a $67.00 price target on shares of Nutrien in a research note on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Nutrien currently has a consensus rating of “Hold” and an average price target of $62.94.

Nutrien Stock Performance

NYSE:NTR opened at $60.13 on Thursday. The company has a market capitalization of $29.13 billion, a price-to-earnings ratio of 21.55, a PEG ratio of 0.92 and a beta of 0.83. The business has a 50 day moving average of $57.50 and a 200 day moving average of $58.35. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.33 and a quick ratio of 0.85. Nutrien Ltd. has a 1-year low of $43.69 and a 1-year high of $65.08.

Nutrien (NYSE:NTR) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.91 by $0.06. Nutrien had a net margin of 5.25% and a return on equity of 6.51%. The firm had revenue of $5.82 billion for the quarter, compared to the consensus estimate of $5.59 billion. During the same period last year, the firm posted $0.39 earnings per share. The business’s revenue was up 12.3% compared to the same quarter last year. On average, sell-side analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 3.6%. The ex-dividend date is Wednesday, December 31st. Nutrien’s dividend payout ratio is presently 58.76%.

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.