Swiss National Bank Has $72 Million Holdings in Nutrien Ltd. (NYSE:NTR)

Swiss National Bank boosted its position in shares of Nutrien Ltd. (NYSE:NTR) by 0.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,495,836 shares of the company’s stock after buying an additional 11,800 shares during the period. Swiss National Bank owned approximately 0.30% of Nutrien worth $71,995,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of NTR. Lester Murray Antman dba SimplyRich raised its holdings in shares of Nutrien by 2.3% during the 2nd quarter. Lester Murray Antman dba SimplyRich now owns 9,069 shares of the company’s stock worth $461,000 after buying an additional 202 shares in the last quarter. FFT Wealth Management LLC raised its stake in Nutrien by 0.8% during the second quarter. FFT Wealth Management LLC now owns 29,220 shares of the company’s stock worth $1,488,000 after acquiring an additional 220 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Nutrien by 33.3% in the first quarter. Covestor Ltd now owns 932 shares of the company’s stock worth $50,000 after acquiring an additional 233 shares during the last quarter. MONECO Advisors LLC boosted its stake in shares of Nutrien by 2.4% in the 2nd quarter. MONECO Advisors LLC now owns 9,791 shares of the company’s stock valued at $498,000 after purchasing an additional 233 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in Nutrien by 6.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,309 shares of the company’s stock worth $207,000 after purchasing an additional 263 shares in the last quarter. 63.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NTR has been the topic of a number of research analyst reports. UBS Group lowered shares of Nutrien from a “buy” rating to a “neutral” rating and cut their target price for the company from $66.00 to $51.00 in a research report on Thursday, October 10th. Hsbc Global Res cut Nutrien from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. Mizuho cut their price target on Nutrien from $55.00 to $52.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. BMO Capital Markets lowered their price objective on Nutrien from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Finally, Barclays cut their target price on shares of Nutrien from $68.00 to $55.00 and set an “overweight” rating on the stock in a research report on Friday, August 16th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $60.33.

Nutrien Stock Down 0.1 %

Nutrien stock opened at $45.56 on Wednesday. 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 has a market capitalization of $22.50 billion, a PE ratio of 30.58, a PEG ratio of 1.61 and a beta of 0.82. The firm’s fifty day moving average is $47.98 and its 200 day moving average is $50.28. Nutrien Ltd. has a 12-month low of $44.65 and a 12-month high of $60.87.

Nutrien (NYSE:NTR) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The firm had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.26 billion. During the same period last year, the company posted $0.35 earnings per share. The firm’s quarterly revenue was down 5.0% compared to the same quarter last year. As a group, sell-side analysts predict that Nutrien Ltd. will post 3.59 EPS for the current fiscal year.

Nutrien Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be issued a $0.939 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 8.24%. The ex-dividend date is 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%.

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.