Y Intercept Hong Kong Ltd Has $3.87 Million Stock Holdings in Nutrien Ltd. $NTR

Y Intercept Hong Kong Ltd lowered its position in Nutrien Ltd. (NYSE:NTR) by 17.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,993 shares of the company’s stock after selling 13,901 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Nutrien were worth $3,874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Nutrien by 65.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,224 shares of the company’s stock worth $1,253,000 after acquiring an additional 9,950 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Nutrien by 6.2% during the first quarter. NewEdge Advisors LLC now owns 6,907 shares of the company’s stock worth $343,000 after purchasing an additional 404 shares during the period. Focus Partners Wealth bought a new stake in shares of Nutrien in the first quarter worth $516,000. Acadian Asset Management LLC acquired a new stake in Nutrien in the first quarter valued at $54,000. Finally, Cromwell Holdings LLC raised its position in Nutrien by 44.2% during the 2nd quarter. Cromwell Holdings LLC now owns 1,707 shares of the company’s stock worth $100,000 after purchasing an additional 523 shares during the last quarter. Institutional investors own 63.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on NTR shares. Royal Bank Of Canada upped their price target on Nutrien from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Tuesday, January 20th. Oppenheimer reaffirmed an “outperform” rating on shares of Nutrien in a research note on Wednesday, October 22nd. Morgan Stanley raised shares of Nutrien from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $70.00 to $77.00 in a research report on Wednesday, January 14th. Bank of America restated a “neutral” rating and set a $67.00 price target on shares of Nutrien in a report on Tuesday, October 14th. Finally, Wells Fargo & Company began coverage on shares of Nutrien in a research note on Tuesday, November 11th. They issued an “equal weight” rating and a $64.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $65.71.

Nutrien Trading Up 4.1%

NYSE NTR opened at $70.88 on Monday. The stock has a market capitalization of $34.16 billion, a P/E ratio of 19.10 and a beta of 0.72. The business has a 50 day simple moving average of $61.43 and a 200 day simple moving average of $59.17. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.41 and a quick ratio of 0.89. Nutrien Ltd. has a one year low of $45.78 and a one year high of $70.92.

Nutrien (NYSE:NTR) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.06. The firm had revenue of $5.82 billion for the quarter, compared to analysts’ expectations of $5.59 billion. Nutrien had a return on equity of 7.54% and a net margin of 6.79%.The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.39 EPS. Research analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Wednesday, December 31st were issued a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Wednesday, December 31st. Nutrien’s dividend payout ratio (DPR) is presently 58.76%.

About Nutrien

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.