Mn Services Vermogensbeheer B.V. Has $3.86 Million Stock Position in Nutrien Ltd. (NYSE:NTR)

Mn Services Vermogensbeheer B.V. grew its holdings in Nutrien Ltd. (NYSE:NTR) by 3.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 86,386 shares of the company’s stock after purchasing an additional 3,200 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Nutrien were worth $3,863,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Goodman Financial Corp raised its holdings in shares of Nutrien by 4.6% in the third quarter. Goodman Financial Corp now owns 253,860 shares of the company’s stock valued at $12,201,000 after purchasing an additional 11,058 shares during the last quarter. CORDA Investment Management LLC. raised its holdings in shares of Nutrien by 7.0% in the third quarter. CORDA Investment Management LLC. now owns 494,745 shares of the company’s stock valued at $23,777,000 after purchasing an additional 32,541 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Nutrien by 10.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,742,351 shares of the company’s stock valued at $83,812,000 after purchasing an additional 157,932 shares during the last quarter. Stephens Inc. AR raised its holdings in shares of Nutrien by 335.0% in the third quarter. Stephens Inc. AR now owns 70,301 shares of the company’s stock valued at $3,379,000 after purchasing an additional 54,138 shares during the last quarter. Finally, Covea Finance raised its holdings in shares of Nutrien by 21.9% in the fourth quarter. Covea Finance now owns 55,600 shares of the company’s stock valued at $2,485,000 after purchasing an additional 10,000 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NTR has been the topic of a number of recent research reports. Scotiabank lifted their price objective on shares of Nutrien from $60.00 to $62.00 and gave the company a “sector outperform” rating in a report on Monday, February 24th. TD Securities lowered their target price on shares of Nutrien from $63.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Raymond James upgraded shares of Nutrien from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $58.00 to $60.00 in a report on Tuesday, December 3rd. Barclays restated an “equal weight” rating and set a $56.00 target price (up from $55.00) on shares of Nutrien in a report on Tuesday, January 21st. Finally, Royal Bank of Canada restated an “outperform” rating and set a $60.00 target price on shares of Nutrien in a report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $59.76.

Nutrien Trading Down 0.2 %

NTR stock opened at $52.42 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82. The company has a fifty day moving average price of $50.15 and a two-hundred day moving average price of $48.47. Nutrien Ltd. has a one year low of $43.69 and a one year high of $60.87. The stock has a market cap of $25.64 billion, a price-to-earnings ratio of 38.26, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). The business had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. Equities analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be given a $0.545 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.16%. Nutrien’s payout ratio is presently 159.12%.

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.