Swiss National Bank Has $69.41 Million Stock Position in Nutrien Ltd. (NYSE:NTR)

Key Points

• Swiss National Bank decreased its stake in Nutrien Ltd. by 2.7% during the first quarter, selling 38,700 shares, and now holds approximately 1,397,536 shares valued at $69.41 million.
• Various analysts have modified their price targets for Nutrien, with Berenberg Bank raising it to $59.00 and Bank of America increasing it to $63.00, reflecting an overall consensus rating of "Moderate Buy" with an average price target of $62.65.
• Nutrien has announced a quarterly dividend of $0.545 per share, scheduled to be paid on October 17th, which translates to an annualized dividend yield of 3.9%.

Swiss National Bank decreased its holdings in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,397,536 shares of the company's stock after selling 38,700 shares during the period. Swiss National Bank owned about 0.29% of Nutrien worth $69,410,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Kopernik Global Investors LLC acquired a new stake in Nutrien in the 4th quarter valued at about $3,632,000. WealthTrust Axiom LLC lifted its holdings in Nutrien by 2.1% in the 4th quarter. WealthTrust Axiom LLC now owns 113,827 shares of the company's stock valued at $5,094,000 after acquiring an additional 2,301 shares during the last quarter. Barclays PLC lifted its holdings in Nutrien by 192.7% in the 4th quarter. Barclays PLC now owns 411,056 shares of the company's stock valued at $18,395,000 after acquiring an additional 854,543 shares during the last quarter. Promethos Capital LLC lifted its stake in Nutrien by 0.8% during the fourth quarter. Promethos Capital LLC now owns 146,168 shares of the company's stock valued at $6,541,000 after buying an additional 1,100 shares in the last quarter. Finally, Rossby Financial LCC purchased a new stake in Nutrien during the fourth quarter valued at about $387,000. Institutional investors own 63.10% of the company's stock.

Nutrien Stock Performance

NTR stock traded up $0.84 during midday trading on Wednesday, hitting $56.89. The stock had a trading volume of 1,711,839 shares, compared to its average volume of 2,289,768. The firm has a market capitalization of $27.70 billion, a price-to-earnings ratio of 20.39, a P/E/G ratio of 1.03 and a beta of 0.81. The stock has a 50-day simple moving average of $59.76 and a 200 day simple moving average of $55.42. Nutrien Ltd. has a 52 week low of $43.69 and a 52 week high of $65.08. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 0.39.

Nutrien (NYSE:NTR - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $2.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.41 by $0.24. Nutrien had a return on equity of 6.51% and a net margin of 5.25%. The business had revenue of $10.30 billion during the quarter, compared to analysts' expectations of $10.40 billion. During the same period in the previous year, the business posted $2.34 earnings per share. The firm's revenue for the quarter was up 2.8% 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 year.

Nutrien Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 29th will be issued a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, September 29th. Nutrien's payout ratio is currently 78.14%.

Analyst Upgrades and Downgrades

NTR has been the topic of a number of research reports. Berenberg Bank upped their target price on Nutrien from $54.00 to $59.00 and gave the company a "buy" rating in a report on Tuesday, April 15th. Bank of America increased their price objective on Nutrien from $60.00 to $63.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Morgan Stanley increased their price objective on Nutrien from $60.00 to $65.00 and gave the stock an "equal weight" rating in a report on Thursday, June 26th. Wall Street Zen upgraded Nutrien from a "hold" rating to a "strong-buy" rating in a report on Saturday. Finally, TD Securities increased their price target on Nutrien from $70.00 to $72.00 and gave the company a "buy" rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $62.65.

About Nutrien

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.