Credit Capital Investments LLC Has $3.28 Million Stake in Nutrien Ltd. (NYSE:NTR)

Key Points

• Credit Capital Investments LLC reduced its holdings in Nutrien Ltd. by 13.6%, owning 66,100 shares worth approximately $3.28 million as of the latest quarter.
• Nutrien recently reported earnings of $0.11 per share, missing analysts' expectations, with a revenue of $4.67 billion, down 5.4% year-over-year.
• The firm declared a quarterly dividend of $0.545 per share, representing an annualized yield of 3.7% but with a payout ratio of 203.74%.

Credit Capital Investments LLC lowered its position in Nutrien Ltd. (NYSE:NTR - Free Report) by 13.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 66,100 shares of the company's stock after selling 10,400 shares during the quarter. Nutrien accounts for about 5.6% of Credit Capital Investments LLC's holdings, making the stock its 8th largest position. Credit Capital Investments LLC's holdings in Nutrien were worth $3,283,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. PNC Financial Services Group Inc. raised its position in Nutrien by 15.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 19,053 shares of the company's stock valued at $946,000 after purchasing an additional 2,517 shares during the last quarter. US Bancorp DE raised its position in shares of Nutrien by 2.8% during the first quarter. US Bancorp DE now owns 31,410 shares of the company's stock worth $1,560,000 after acquiring an additional 861 shares during the last quarter. Harbour Investments Inc. raised its position in shares of Nutrien by 94.8% during the first quarter. Harbour Investments Inc. now owns 715 shares of the company's stock worth $35,000 after acquiring an additional 348 shares during the last quarter. Goodman Financial Corp raised its position in shares of Nutrien by 1.0% during the first quarter. Goodman Financial Corp now owns 265,905 shares of the company's stock worth $13,208,000 after acquiring an additional 2,700 shares during the last quarter. Finally, Natixis Advisors LLC raised its position in shares of Nutrien by 37.3% during the first quarter. Natixis Advisors LLC now owns 46,052 shares of the company's stock worth $2,287,000 after acquiring an additional 12,518 shares during the last quarter. Institutional investors own 63.10% of the company's stock.

Nutrien Trading Down 1.8%

NTR traded down $1.06 during midday trading on Wednesday, hitting $58.08. 3,037,104 shares of the company were exchanged, compared to its average volume of 1,670,022. The firm has a market capitalization of $28.28 billion, a P/E ratio of 54.28, a P/E/G ratio of 1.08 and a beta of 0.81. Nutrien Ltd. has a 1-year low of $43.69 and a 1-year high of $65.08. The firm's 50 day moving average price is $60.07 and its 200-day moving average price is $55.29. The company has a quick ratio of 0.59, a current ratio of 1.22 and a debt-to-equity ratio of 0.41.

Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.24). Nutrien had a return on equity of 6.08% and a net margin of 2.05%. The business had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $5.16 billion. During the same period last year, the business posted $0.46 earnings per share. The business's revenue was down 5.4% on a year-over-year basis. As a group, equities analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Monday, June 30th were given a $0.545 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $2.18 annualized dividend and a dividend yield of 3.8%. Nutrien's dividend payout ratio (DPR) is 203.74%.

Analysts Set New Price Targets

Several equities research analysts have commented on NTR shares. Bank of America upped their target price on shares of Nutrien from $60.00 to $63.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Jefferies Financial Group reissued a "hold" rating and set a $66.00 price target (up from $63.00) on shares of Nutrien in a research report on Friday, July 11th. Berenberg Bank upped their price objective on Nutrien from $54.00 to $59.00 and gave the company a "buy" rating in a research note on Tuesday, April 15th. TD Securities increased their target price on Nutrien from $67.00 to $70.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Finally, Morgan Stanley raised their price objective on Nutrien from $60.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 26th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $63.39.

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.