UniSuper Management Pty Ltd Lowers Holdings in Nutrien Ltd. (NYSE:NTR)

UniSuper Management Pty Ltd trimmed its position in shares of Nutrien Ltd. (NYSE:NTR) by 29.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 9,500 shares of the company’s stock after selling 4,047 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Nutrien were worth $425,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of NTR. Sava Infond d.o.o. bought a new stake in shares of Nutrien during the fourth quarter valued at approximately $1,054,000. Tyler Stone Wealth Management boosted its stake in Nutrien by 24.7% during the 4th quarter. Tyler Stone Wealth Management now owns 27,640 shares of the company’s stock valued at $1,237,000 after purchasing an additional 5,470 shares during the last quarter. Mufg Securities Canada LTD. increased its holdings in shares of Nutrien by 71.6% in the 4th quarter. Mufg Securities Canada LTD. now owns 753,487 shares of the company’s stock worth $33,693,000 after purchasing an additional 314,375 shares in the last quarter. TD Asset Management Inc. increased its holdings in shares of Nutrien by 7.4% in the 4th quarter. TD Asset Management Inc. now owns 5,615,681 shares of the company’s stock worth $251,152,000 after purchasing an additional 385,616 shares in the last quarter. Finally, Modern Wealth Management LLC purchased a new position in shares of Nutrien in the fourth quarter worth $209,000. 63.10% of the stock is currently owned by institutional investors.

Nutrien Price Performance

NYSE NTR opened at $49.65 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. The business’s fifty day moving average is $51.56 and its 200 day moving average is $49.04. The company has a market capitalization of $24.27 billion, a PE ratio of 36.24, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81. Nutrien Ltd. has a fifty-two week low of $43.70 and a fifty-two week high of $60.87.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). The company had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. Sell-side analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be paid a $0.545 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.39%. Nutrien’s dividend payout ratio (DPR) is presently 159.12%.

Wall Street Analyst Weigh In

Several research firms recently commented on NTR. Piper Sandler increased their price objective on Nutrien from $58.00 to $63.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Oppenheimer assumed coverage on shares of Nutrien in a report on Thursday, December 12th. They set an “outperform” rating and a $60.00 price target on the stock. Mizuho boosted their price objective on shares of Nutrien from $52.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. JPMorgan Chase & Co. upgraded shares of Nutrien from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $40.00 to $50.00 in a report on Monday, January 13th. Finally, Scotiabank boosted their target price on shares of Nutrien from $60.00 to $62.00 and gave the company a “sector outperform” rating in a research note on Monday, February 24th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $60.00.

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.