Moody National Bank Trust Division Purchases 7,665 Shares of Nutrien Ltd. (NYSE:NTR)

Moody National Bank Trust Division raised its position in Nutrien Ltd. (NYSE:NTR) by 127.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,698 shares of the company’s stock after purchasing an additional 7,665 shares during the quarter. Moody National Bank Trust Division’s holdings in Nutrien were worth $613,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Central Pacific Bank Trust Division bought a new position in Nutrien in the 3rd quarter valued at approximately $28,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Nutrien in the 2nd quarter valued at approximately $52,000. Larson Financial Group LLC raised its stake in shares of Nutrien by 1,370.6% during the third quarter. Larson Financial Group LLC now owns 1,603 shares of the company’s stock valued at $77,000 after acquiring an additional 1,494 shares during the last quarter. Cromwell Holdings LLC lifted its holdings in shares of Nutrien by 113.4% during the third quarter. Cromwell Holdings LLC now owns 1,694 shares of the company’s stock worth $82,000 after purchasing an additional 900 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Nutrien by 56.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,680 shares of the company’s stock worth $86,000 after purchasing an additional 605 shares during the period. 63.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on NTR shares. Oppenheimer assumed coverage on Nutrien in a report on Thursday, December 12th. They issued an “outperform” rating and a $60.00 price objective for the company. TD Securities lowered their price objective on Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Raymond James raised Nutrien from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $58.00 to $60.00 in a research note on Tuesday, December 3rd. UBS Group downgraded shares of Nutrien from a “buy” rating to a “neutral” rating and decreased their target price for the company from $66.00 to $51.00 in a research report on Thursday, October 10th. Finally, JPMorgan Chase & Co. upgraded shares of Nutrien from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $40.00 to $50.00 in a research report on Monday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Nutrien has a consensus rating of “Moderate Buy” and an average price target of $59.21.

Nutrien Price Performance

Shares of NTR opened at $51.70 on Wednesday. The stock has a market cap of $25.46 billion, a P/E ratio of 34.70, a P/E/G ratio of 1.73 and a beta of 0.81. The business’s fifty day moving average is $46.90 and its 200 day moving average is $47.85. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. Nutrien Ltd. has a 12-month low of $43.69 and a 12-month high of $60.87.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The business had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.26 billion. During the same quarter in the prior year, the business earned $0.35 earnings per share. The firm’s quarterly revenue was down 5.0% compared to the same quarter last year. Sell-side analysts anticipate that Nutrien Ltd. will post 3.5 earnings per share for the current fiscal year.

Nutrien Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.939 per share. This represents a $3.76 dividend on an annualized basis and a yield of 7.26%. This is an increase from Nutrien’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Tuesday, December 31st. Nutrien’s payout ratio is currently 144.97%.

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.