Somerset Trust Co Cuts Position in Nutrien Ltd. (NYSE:NTR)

Somerset Trust Co decreased its stake in Nutrien Ltd. (NYSE:NTR) by 11.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,729 shares of the company’s stock after selling 1,409 shares during the period. Somerset Trust Co’s holdings in Nutrien were worth $480,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in NTR. Central Pacific Bank Trust Division purchased a new stake in Nutrien in the 3rd quarter valued at approximately $28,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Nutrien in the 2nd quarter valued at about $52,000. Larson Financial Group LLC boosted its stake in shares of Nutrien by 1,370.6% during the 3rd quarter. Larson Financial Group LLC now owns 1,603 shares of the company’s stock worth $77,000 after purchasing an additional 1,494 shares during the last quarter. Cromwell Holdings LLC grew its holdings in shares of Nutrien by 113.4% during the third quarter. Cromwell Holdings LLC now owns 1,694 shares of the company’s stock worth $82,000 after buying an additional 900 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Nutrien by 56.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,680 shares of the company’s stock valued at $86,000 after buying an additional 605 shares during the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Price Performance

NTR opened at $51.59 on Friday. 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 company’s 50-day moving average price is $47.00 and its 200 day moving average price is $47.90. Nutrien Ltd. has a fifty-two week low of $43.69 and a fifty-two week high of $60.87. The firm has a market cap of $25.40 billion, a price-to-earnings ratio of 34.62, a price-to-earnings-growth ratio of 1.11 and a beta of 0.81.

Nutrien (NYSE:NTR) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). The firm had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.26 billion. Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The firm’s revenue was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.35 EPS. As a group, sell-side analysts expect that Nutrien Ltd. will post 3.5 earnings per share for the current year.

Nutrien Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were given a $0.939 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 7.28%. The ex-dividend date of this dividend was Tuesday, December 31st. This is a positive change from Nutrien’s previous quarterly dividend of $0.54. Nutrien’s dividend payout ratio is currently 144.97%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Royal Bank of Canada restated an “outperform” rating and set a $60.00 price objective on shares of Nutrien in a report on Friday, September 20th. JPMorgan Chase & Co. upgraded shares of Nutrien from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $40.00 to $50.00 in a report on Monday, January 13th. Oppenheimer started coverage on shares of Nutrien in a research note on Thursday, December 12th. They set an “outperform” rating and a $60.00 price target on the stock. Raymond James raised shares of Nutrien from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $58.00 to $60.00 in a research note on Tuesday, December 3rd. Finally, TD Securities cut their target price on Nutrien from $63.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $59.21.

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.