Skandinaviska Enskilda Banken AB publ Grows Position in Nutrien Ltd. (NYSE:NTR)

Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 12.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,624 shares of the company’s stock after buying an additional 7,600 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Nutrien were worth $3,076,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Goodman Financial Corp grew its holdings in shares of Nutrien by 4.6% during the third quarter. Goodman Financial Corp now owns 253,860 shares of the company’s stock worth $12,201,000 after buying an additional 11,058 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Nutrien by 10.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,742,351 shares of the company’s stock valued at $83,812,000 after acquiring an additional 157,932 shares during the last quarter. Covea Finance boosted its position in shares of Nutrien by 21.9% during the 4th quarter. Covea Finance now owns 55,600 shares of the company’s stock valued at $2,485,000 after acquiring an additional 10,000 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Nutrien by 78.8% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,495,282 shares of the company’s stock valued at $121,271,000 after acquiring an additional 1,100,000 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Nutrien by 12.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,396,887 shares of the company’s stock valued at $67,200,000 after acquiring an additional 151,596 shares during the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Stock Up 1.5 %

Shares of NTR opened at $50.82 on Monday. The stock has a market capitalization of $24.86 billion, a PE ratio of 37.09, a P/E/G ratio of 1.19 and a beta of 0.81. Nutrien Ltd. has a 1 year low of $43.70 and a 1 year high of $60.87. 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 company’s 50-day simple moving average is $51.26 and its 200-day simple moving average is $48.68.

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

Nutrien Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be paid a dividend of $0.545 per share. 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 4.29%. Nutrien’s payout ratio is 159.12%.

Analyst Ratings Changes

Several research analysts have recently weighed in on NTR shares. Mizuho boosted their price target on shares of Nutrien from $52.00 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Oppenheimer started coverage on shares of Nutrien in a research report on Thursday, December 12th. They set an “outperform” rating and a $60.00 price target on the stock. Piper Sandler boosted their price target on shares of Nutrien from $58.00 to $63.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Raymond James raised shares of Nutrien from a “market perform” rating to an “outperform” rating and upped their target price for the company from $58.00 to $60.00 in a research report on Tuesday, December 3rd. Finally, Wells Fargo & Company upped their target price on shares of Nutrien from $53.00 to $56.00 and gave the company an “equal weight” rating in a research report on Friday, February 21st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $60.13.

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.