Swiss National Bank Sells 54,000 Shares of Nutrien Ltd. (NYSE:NTR)

Swiss National Bank cut its position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 3.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,607,836 shares of the company's stock after selling 54,000 shares during the quarter. Swiss National Bank owned 0.33% of Nutrien worth $90,749,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of NTR. First Pacific Financial lifted its position in shares of Nutrien by 1.7% during the 4th quarter. First Pacific Financial now owns 12,399 shares of the company's stock valued at $699,000 after acquiring an additional 206 shares during the last quarter. Capital Investment Counsel Inc lifted its holdings in shares of Nutrien by 2.8% during the fourth quarter. Capital Investment Counsel Inc now owns 8,856 shares of the company's stock valued at $501,000 after purchasing an additional 240 shares during the last quarter. Ruggaard & Associates LLC boosted its position in shares of Nutrien by 4.7% in the 3rd quarter. Ruggaard & Associates LLC now owns 5,848 shares of the company's stock valued at $361,000 after purchasing an additional 260 shares during the period. Shell Asset Management Co. increased its stake in Nutrien by 0.7% in the 3rd quarter. Shell Asset Management Co. now owns 50,043 shares of the company's stock worth $3,100,000 after purchasing an additional 337 shares in the last quarter. Finally, Meixler Investment Management Ltd. increased its stake in Nutrien by 8.7% in the 3rd quarter. Meixler Investment Management Ltd. now owns 4,201 shares of the company's stock worth $259,000 after purchasing an additional 338 shares in the last quarter. Institutional investors own 63.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Berenberg Bank upgraded shares of Nutrien from a "hold" rating to a "buy" rating and raised their target price for the stock from $60.00 to $66.00 in a report on Monday, April 29th. JPMorgan Chase & Co. cut shares of Nutrien from a "neutral" rating to an "underweight" rating and lowered their price objective for the stock from $58.00 to $48.00 in a research report on Friday, February 23rd. Raymond James lowered Nutrien from an "outperform" rating to a "market perform" rating and reduced their target price for the company from $80.00 to $65.00 in a report on Friday, January 12th. The Goldman Sachs Group reduced their price objective on Nutrien from $88.00 to $78.00 and set a "buy" rating for the company in a research note on Thursday, February 1st. Finally, Wolfe Research started coverage on Nutrien in a research note on Friday, March 1st. They set an "outperform" rating and a $66.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $68.25.

Nutrien Stock Performance

Shares of NTR stock traded up $0.31 during trading on Friday, reaching $52.93. The company had a trading volume of 989,216 shares, compared to its average volume of 1,640,439. The company has a market capitalization of $26.18 billion, a PE ratio of 20.92, a PEG ratio of 1.98 and a beta of 0.89. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.17 and a quick ratio of 0.65. The firm's 50 day simple moving average is $53.34 and its two-hundred day simple moving average is $53.70. Nutrien Ltd. has a one year low of $47.90 and a one year high of $69.12.

Nutrien (NYSE:NTR - Get Free Report) last announced its earnings results on Wednesday, February 21st. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.35). Nutrien had a return on equity of 8.59% and a net margin of 4.33%. The firm had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.36 billion. During the same quarter last year, the business earned $2.02 EPS. The business's revenue was down 24.8% compared to the same quarter last year. Sell-side analysts forecast that Nutrien Ltd. will post 3.82 earnings per share for the current year.

Nutrien Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from Nutrien's previous quarterly dividend of $0.53. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.08%. Nutrien's payout ratio is 85.38%.

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.