Mufg Securities Canada LTD. Sells 22,025 Shares of Nutrien Ltd. $NTR

Mufg Securities Canada LTD. reduced its stake in shares of Nutrien Ltd. (NYSE:NTR) by 2.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 805,700 shares of the company’s stock after selling 22,025 shares during the period. Nutrien makes up approximately 1.3% of Mufg Securities Canada LTD.’s holdings, making the stock its 23rd biggest holding. Mufg Securities Canada LTD. owned 0.17% of Nutrien worth $47,310,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in NTR. Vanguard Group Inc. lifted its position in Nutrien by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 21,983,443 shares of the company’s stock valued at $1,291,022,000 after acquiring an additional 80,135 shares in the last quarter. First Eagle Investment Management LLC raised its stake in shares of Nutrien by 14.0% in the 2nd quarter. First Eagle Investment Management LLC now owns 13,268,229 shares of the company’s stock valued at $772,742,000 after purchasing an additional 1,627,328 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Nutrien by 48.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 11,944,730 shares of the company’s stock valued at $696,058,000 after purchasing an additional 3,900,755 shares in the last quarter. TD Asset Management Inc boosted its position in shares of Nutrien by 16.5% during the third quarter. TD Asset Management Inc now owns 7,368,861 shares of the company’s stock worth $432,838,000 after buying an additional 1,043,766 shares during the period. Finally, Norges Bank bought a new position in shares of Nutrien during the second quarter worth about $395,842,000. Institutional investors and hedge funds own 63.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Scotiabank boosted their target price on Nutrien from $63.00 to $70.00 and gave the company a “sector perform” rating in a research note on Monday, February 2nd. Mizuho increased their target price on shares of Nutrien from $65.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, January 16th. Oppenheimer raised their target price on shares of Nutrien from $76.00 to $78.00 and gave the company an “outperform” rating in a research report on Thursday. Bank of America boosted their price target on shares of Nutrien from $64.00 to $71.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Finally, UBS Group increased their price objective on shares of Nutrien from $58.00 to $63.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Nutrien currently has an average rating of “Hold” and an average target price of $72.24.

Nutrien Stock Performance

Shares of NTR opened at $75.07 on Friday. The company has a market cap of $36.12 billion, a PE ratio of 16.11 and a beta of 0.73. The firm has a 50-day moving average of $67.31 and a 200-day moving average of $61.25. Nutrien Ltd. has a one year low of $45.78 and a one year high of $75.73. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.34 and a quick ratio of 0.70.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, February 18th. The company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.04). Nutrien had a net margin of 8.43% and a return on equity of 8.41%. The firm had revenue of $5.12 billion during the quarter, compared to analyst estimates of $5.26 billion. During the same quarter last year, the business posted $0.31 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 16th. Stockholders of record on Tuesday, March 31st will be given a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from Nutrien’s previous quarterly dividend of $0.55. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.9%. Nutrien’s payout ratio is 46.78%.

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.