City State Bank Sells 250 Shares of Nutrien Ltd. (NYSE:NTR)

City State Bank lowered its position in shares of Nutrien Ltd. (NYSE:NTR) by 6.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,515 shares of the company’s stock after selling 250 shares during the period. City State Bank’s holdings in Nutrien were worth $157,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of Montreal Can lifted its stake in shares of Nutrien by 15.5% in the 2nd quarter. Bank of Montreal Can now owns 13,354,385 shares of the company’s stock valued at $719,668,000 after acquiring an additional 1,794,333 shares during the last quarter. Silchester International Investors LLP lifted its stake in shares of Nutrien by 164.4% in the 3rd quarter. Silchester International Investors LLP now owns 10,683,242 shares of the company’s stock valued at $513,437,000 after acquiring an additional 6,642,075 shares during the last quarter. 1832 Asset Management L.P. lifted its stake in shares of Nutrien by 1.9% in the 2nd quarter. 1832 Asset Management L.P. now owns 9,006,528 shares of the company’s stock valued at $458,522,000 after acquiring an additional 167,312 shares during the last quarter. Altshuler Shaham Ltd lifted its stake in shares of Nutrien by 8.1% in the 2nd quarter. Altshuler Shaham Ltd now owns 5,990,374 shares of the company’s stock valued at $304,970,000 after acquiring an additional 446,340 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Nutrien by 8.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,145,375 shares of the company’s stock valued at $261,985,000 after purchasing an additional 399,348 shares during the last quarter. Institutional investors own 63.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on NTR shares. Raymond James raised Nutrien from a “market perform” rating to an “outperform” rating and upped their price target for the company from $58.00 to $60.00 in a research report on Tuesday, December 3rd. Oppenheimer started coverage on Nutrien in a research report on Thursday, December 12th. They set an “outperform” rating and a $60.00 price target for the company. TD Securities lowered their price target on Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $60.00 price target on shares of Nutrien in a research report on Friday, September 20th. Finally, JPMorgan Chase & Co. raised Nutrien from an “underweight” rating to a “neutral” rating and upped their price target for the company from $40.00 to $50.00 in a research report on Monday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Nutrien has a consensus rating of “Moderate Buy” and an average target price of $59.21.

Nutrien Stock Performance

Nutrien stock opened at $51.19 on Tuesday. The company has a market capitalization of $25.21 billion, a P/E ratio of 34.36, a PEG ratio of 1.73 and a beta of 0.81. Nutrien Ltd. has a twelve month low of $43.69 and a twelve month high of $60.87. 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’s 50 day moving average is $46.88 and its 200 day moving average is $47.84.

Nutrien (NYSE:NTR) last released its quarterly earnings data 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 the consensus estimate of $5.26 billion. Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The business’s revenue was down 5.0% compared to the same quarter last year. During the same period last year, the company posted $0.35 earnings per share. On average, equities research analysts predict that Nutrien Ltd. will post 3.5 earnings per share for the current fiscal year.

Nutrien Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be given a $0.939 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Nutrien’s previous quarterly dividend of $0.54. This represents a $3.76 annualized dividend and a yield of 7.34%. Nutrien’s dividend payout ratio is 144.97%.

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.