Mitsubishi UFJ Trust & Banking Corp Grows Position in Nutrien Ltd. $NTR

Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 2,215.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,785 shares of the company’s stock after purchasing an additional 142,360 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Nutrien were worth $8,738,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bruce G. Allen Investments LLC grew its stake in Nutrien by 14.8% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 2,355 shares of the company’s stock worth $138,000 after buying an additional 303 shares in the last quarter. Root Financial Partners LLC bought a new stake in shares of Nutrien during the 3rd quarter worth $37,000. Pacific Heights Asset Management LLC grew its position in Nutrien by 36.4% in the third quarter. Pacific Heights Asset Management LLC now owns 300,000 shares of the company’s stock worth $17,613,000 after acquiring an additional 80,000 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in Nutrien by 7.9% in the third quarter. Sequoia Financial Advisors LLC now owns 6,730 shares of the company’s stock worth $395,000 after acquiring an additional 492 shares in the last quarter. Finally, Maryland State Retirement & Pension System increased its stake in Nutrien by 4.4% in the third quarter. Maryland State Retirement & Pension System now owns 125,556 shares of the company’s stock valued at $7,376,000 after acquiring an additional 5,306 shares during the last quarter. 63.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Wells Fargo & Company assumed coverage on Nutrien in a research note on Tuesday, November 11th. They set an “equal weight” rating and a $64.00 price target for the company. Bank of America restated a “neutral” rating and issued a $67.00 target price on shares of Nutrien in a research report on Tuesday, October 14th. Royal Bank Of Canada increased their price target on shares of Nutrien from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Tuesday, January 20th. Scotiabank decreased their price target on shares of Nutrien from $65.00 to $63.00 and set a “sector perform” rating on the stock in a research note on Monday, November 10th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nutrien in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $65.88.

Nutrien Trading Up 1.8%

NYSE NTR opened at $71.58 on Thursday. The stock has a market cap of $34.50 billion, a P/E ratio of 19.29 and a beta of 0.72. Nutrien Ltd. has a fifty-two week low of $45.78 and a fifty-two week high of $72.36. The stock has a 50 day simple moving average of $62.26 and a two-hundred day simple moving average of $59.39. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.89 and a current ratio of 1.41.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, November 5th. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.06. The company had revenue of $5.82 billion during the quarter, compared to the consensus estimate of $5.59 billion. Nutrien had a return on equity of 7.54% and a net margin of 6.79%.The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 earnings per share. On average, analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Wednesday, December 31st were given a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Wednesday, December 31st. Nutrien’s dividend payout ratio (DPR) is currently 58.76%.

Nutrien Profile

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.