Hsbc Holdings PLC Has $16.03 Million Position in Nutrien Ltd. $NTR

Key Points

• Hsbc Holdings PLC has reduced its stake in Nutrien Ltd. by 12.8%, selling 47,305 shares and now holding approximately 0.07% of the company worth around $16 million.
• Multiple institutional investors have significantly adjusted their holdings in Nutrien, with 63.10% of the stock now owned by institutional investors, indicating strong interest in the company.
• Nutrien reported $10.30 billion in quarterly revenue, surpassing the consensus estimate, and announced a quarterly dividend of $0.545 per share, reflecting a 3.8% yield.

Hsbc Holdings PLC cut its holdings in Nutrien Ltd. (NYSE:NTR - Free Report) by 12.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 323,161 shares of the company's stock after selling 47,305 shares during the quarter. Hsbc Holdings PLC owned about 0.07% of Nutrien worth $16,025,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its stake in Nutrien by 184.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,243 shares of the company's stock valued at $608,000 after acquiring an additional 7,934 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Nutrien by 27.6% in the first quarter. Farther Finance Advisors LLC now owns 4,627 shares of the company's stock valued at $229,000 after acquiring an additional 1,002 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new position in Nutrien in the first quarter valued at approximately $517,000. Bessemer Group Inc. boosted its stake in Nutrien by 163.7% in the first quarter. Bessemer Group Inc. now owns 1,690 shares of the company's stock valued at $84,000 after acquiring an additional 1,049 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Nutrien by 4,866.7% in the first quarter. GAMMA Investing LLC now owns 1,043 shares of the company's stock valued at $52,000 after acquiring an additional 1,022 shares during the last quarter. 63.10% of the stock is owned by institutional investors.

Nutrien Stock Up 0.9%

Shares of NYSE:NTR traded up $0.54 during midday trading on Thursday, reaching $58.71. 1,616,262 shares of the company were exchanged, compared to its average volume of 2,250,873. Nutrien Ltd. has a fifty-two week low of $43.69 and a fifty-two week high of $65.08. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 0.39. The stock has a fifty day simple moving average of $58.97 and a two-hundred day simple moving average of $55.82. The firm has a market cap of $28.53 billion, a PE ratio of 21.05, a P/E/G ratio of 0.99 and a beta of 0.81.

Nutrien (NYSE:NTR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $2.65 EPS for the quarter, topping analysts' consensus estimates of $2.41 by $0.24. Nutrien had a net margin of 5.25% and a return on equity of 6.51%. The business had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.40 billion. During the same period last year, the business posted $2.34 earnings per share. The firm's quarterly revenue was up 2.8% on a year-over-year basis. As a group, sell-side analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Monday, September 29th will be paid a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 3.7%. The ex-dividend date is Monday, September 29th. Nutrien's payout ratio is presently 78.14%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on NTR shares. The Goldman Sachs Group increased their target price on shares of Nutrien from $53.00 to $59.00 and gave the stock a "sell" rating in a report on Friday, May 9th. Scotiabank cut their target price on shares of Nutrien from $62.00 to $60.00 and set a "sector perform" rating on the stock in a report on Monday, August 11th. Bank of America increased their target price on shares of Nutrien from $60.00 to $63.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Oppenheimer increased their target price on shares of Nutrien from $63.00 to $65.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Finally, Wells Fargo & Company increased their target price on shares of Nutrien from $59.00 to $62.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Nutrien has a consensus rating of "Moderate Buy" and a consensus price target of $62.65.

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.