Mufg Securities Canada LTD. Has $42.78 Million Position in Nutrien Ltd. $NTR

Mufg Securities Canada LTD. cut its stake in shares of Nutrien Ltd. (NYSE:NTR) by 4.8% during the second quarter, HoldingsChannel.com reports. The firm owned 680,109 shares of the company’s stock after selling 34,008 shares during the period. Nutrien makes up about 1.1% of Mufg Securities Canada LTD.’s portfolio, making the stock its 25th largest holding. Mufg Securities Canada LTD.’s holdings in Nutrien were worth $42,778,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Montag A & Associates Inc. boosted its stake in shares of Nutrien by 310.7% during the 4th quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock valued at $26,000 after buying an additional 320 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Nutrien by 1,014.0% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 479 shares of the company’s stock worth $30,000 after acquiring an additional 436 shares during the last quarter. Global Retirement Partners LLC acquired a new position in shares of Nutrien in the second quarter worth $30,000. Evolution Wealth Management Inc. purchased a new stake in shares of Nutrien during the first quarter worth $32,000. Finally, Allied Private Wealth LLC purchased a new stake in shares of Nutrien during the second quarter worth $33,000. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Trading Up 2.8%

Shares of NYSE:NTR opened at $75.55 on Tuesday. The stock has a market capitalization of $36.14 billion, a PE ratio of 15.29, a P/E/G ratio of 0.78 and a beta of 0.61. Nutrien Ltd. has a 1 year low of $53.03 and a 1 year high of $85.36. The firm has a fifty day moving average price of $67.60 and a 200 day moving average price of $70.60. The company has a current ratio of 1.39, a quick ratio of 0.86 and a debt-to-equity ratio of 0.36.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, August 5th. The company reported $2.61 EPS for the quarter, missing the consensus estimate of $2.70 by ($0.09). Nutrien had a return on equity of 8.88% and a net margin of 8.44%.The business had revenue of $10.81 billion for the quarter, compared to analyst estimates of $10.44 billion. During the same period in the previous year, the company earned $2.65 earnings per share. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. Analysts expect that Nutrien Ltd. will post 4.71 EPS for the current fiscal year.

Nutrien Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Tuesday, September 29th will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.9%. Nutrien’s dividend payout ratio is currently 44.53%.

Analyst Upgrades and Downgrades

NTR has been the subject of a number of research reports. Scotiabank raised Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 price objective for the company in a research report on Tuesday, June 30th. UBS Group dropped their target price on Nutrien from $67.00 to $65.00 and set a “sell” rating on the stock in a research report on Monday, May 11th. BNP Paribas Exane raised Nutrien from a “neutral” rating to an “outperform” rating and set a $80.00 price target for the company in a research note on Tuesday, July 28th. Scotia upgraded Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 price target for the company in a report on Tuesday, June 30th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Nutrien in a research note on Monday, August 10th. Seventeen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $81.58.

About Nutrien

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.