Cadence Bank Sells 2,363 Shares of Nutrien Ltd. (NYSE:NTR)

Cadence Bank lowered its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 2.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,354 shares of the company’s stock after selling 2,363 shares during the quarter. Cadence Bank’s holdings in Nutrien were worth $4,342,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Central Pacific Bank Trust Division acquired a new stake in Nutrien during the 3rd quarter worth approximately $28,000. Family Firm Inc. bought a new stake in Nutrien in the 2nd quarter valued at $32,000. Trust Co. of Vermont boosted its stake in Nutrien by 50.0% in 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 period. Andra AP fonden bought a new position in Nutrien during the 2nd quarter worth about $51,000. Finally, Oakworth Capital Inc. acquired a new stake in shares of Nutrien in the 2nd quarter valued at about $52,000. Institutional investors own 63.10% of the company’s stock.

Analyst Upgrades and Downgrades

NTR has been the subject of several recent research reports. Scotiabank reduced their price objective on Nutrien from $66.00 to $59.00 and set a “sector outperform” rating for the company in a research report on Monday, August 12th. Mizuho decreased their price target on shares of Nutrien from $55.00 to $52.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. TD Securities cut their price objective on shares of Nutrien from $63.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. UBS Group downgraded shares of 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, BMO Capital Markets cut their price target on shares of Nutrien from $80.00 to $75.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $60.33.

Nutrien Trading Down 2.0 %

Shares of NYSE:NTR opened at $45.88 on Wednesday. Nutrien Ltd. has a 12-month low of $44.65 and a 12-month high of $60.87. The business has a 50 day moving average of $47.99 and a 200-day moving average of $49.94. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The stock has a market cap of $22.66 billion, a PE ratio of 30.79, a P/E/G ratio of 1.64 and a beta of 0.82.

Nutrien (NYSE:NTR) last released 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). Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The firm had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.26 billion. During the same quarter last year, the firm 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 research analysts forecast that Nutrien Ltd. will post 3.56 earnings per share for the current year.

Nutrien Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be issued a $0.939 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $3.76 dividend on an annualized basis and a yield of 8.19%. This is an increase from Nutrien’s previous quarterly dividend of $0.54. Nutrien’s payout ratio is currently 144.97%.

Nutrien Company 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.