Moody National Bank Trust Division Increases Stock Position in Nutrien Ltd. (NYSE:NTR)

Moody National Bank Trust Division raised its holdings in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 52.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,925 shares of the company's stock after purchasing an additional 7,227 shares during the quarter. Moody National Bank Trust Division's holdings in Nutrien were worth $1,039,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of NTR. Rhumbline Advisers grew its holdings in shares of Nutrien by 3.5% during the fourth quarter. Rhumbline Advisers now owns 7,398 shares of the company's stock valued at $331,000 after buying an additional 247 shares during the last quarter. FFT Wealth Management LLC lifted its position in Nutrien by 0.9% in the 4th quarter. FFT Wealth Management LLC now owns 29,732 shares of the company's stock valued at $1,330,000 after acquiring an additional 277 shares in the last quarter. Tidal Investments LLC lifted its position in Nutrien by 2.9% in the 4th quarter. Tidal Investments LLC now owns 10,262 shares of the company's stock valued at $459,000 after acquiring an additional 293 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Nutrien by 23.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,804 shares of the company's stock valued at $81,000 after acquiring an additional 348 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its position in Nutrien by 96.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock valued at $38,000 after acquiring an additional 416 shares in the last quarter. Institutional investors own 63.10% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on NTR. Bank of America raised their price target on shares of Nutrien from $60.00 to $63.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. BNP Paribas raised shares of Nutrien to a "strong-buy" rating in a report on Wednesday, April 9th. TD Securities lifted their price objective on shares of Nutrien from $64.00 to $67.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Royal Bank of Canada lifted their price objective on shares of Nutrien from $60.00 to $65.00 and gave the stock an "outperform" rating in a report on Monday, May 12th. Finally, Wells Fargo & Company lifted their price objective on shares of Nutrien from $56.00 to $59.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $61.44.

Nutrien Stock Performance

NYSE NTR traded down $0.43 during trading on Tuesday, hitting $59.79. 1,668,644 shares of the company's stock traded hands, compared to its average volume of 2,382,251. The stock has a market capitalization of $29.16 billion, a price-to-earnings ratio of 43.64, a PEG ratio of 1.19 and a beta of 0.79. Nutrien Ltd. has a 12-month low of $43.69 and a 12-month high of $60.50. 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 has a 50 day moving average of $54.33 and a 200-day moving average of $51.14.

Nutrien (NYSE:NTR - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.24). Nutrien had a return on equity of 6.81% and a net margin of 2.62%. The firm had revenue of $4.67 billion during the quarter, compared to analysts' expectations of $5.16 billion. During the same period in the previous year, the company posted $0.46 earnings per share. The company's quarterly revenue was down 5.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 30th will be given a dividend of $0.545 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.65%. Nutrien's dividend payout ratio (DPR) is currently 203.74%.

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.