Keybank National Association OH Sells 218 Shares of Nutrien Ltd (NTR)

Keybank National Association OH reduced its holdings in Nutrien Ltd (NYSE:NTR) by 4.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,907 shares of the company’s stock after selling 218 shares during the period. Keybank National Association OH’s holdings in Nutrien were worth $231,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Shine Investment Advisory Services Inc. boosted its holdings in shares of Nutrien by 27.2% in the 4th quarter. Shine Investment Advisory Services Inc. now owns 1,794 shares of the company’s stock valued at $84,000 after acquiring an additional 384 shares during the last quarter. Farmers & Merchants Investments Inc. acquired a new position in shares of Nutrien in the 4th quarter valued at $93,000. Glassman Wealth Services lifted its stake in shares of Nutrien by 91.7% in the 3rd quarter. Glassman Wealth Services now owns 2,153 shares of the company’s stock valued at $124,000 after purchasing an additional 1,030 shares during the period. We Are One Seven LLC acquired a new position in shares of Nutrien in the 4th quarter valued at $124,000. Finally, FNY Investment Advisers LLC lifted its stake in shares of Nutrien by 4,210.3% in the 3rd quarter. FNY Investment Advisers LLC now owns 2,500 shares of the company’s stock valued at $144,000 after purchasing an additional 2,442 shares during the period. 66.61% of the stock is currently owned by institutional investors and hedge funds.

NYSE:NTR opened at $53.92 on Wednesday. The firm has a market cap of $31.81 billion, a price-to-earnings ratio of 20.04, a P/E/G ratio of 1.66 and a beta of 0.80. Nutrien Ltd has a fifty-two week low of $43.96 and a fifty-two week high of $58.99.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, February 6th. The company reported $0.54 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.54. The company had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.61 billion. Nutrien had a net margin of 18.20% and a return on equity of 12.95%. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. Equities analysts predict that Nutrien Ltd will post 3.03 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Friday, March 29th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend is Thursday, March 28th. Nutrien’s dividend payout ratio is presently 63.94%.

Several equities analysts recently issued reports on NTR shares. Cleveland Research upgraded shares of Nutrien from a “neutral” rating to a “buy” rating in a research note on Thursday, October 18th. TD Securities upgraded shares of Nutrien from a “hold” rating to a “buy” rating and boosted their target price for the company from $63.00 to $68.00 in a research note on Wednesday, November 7th. They noted that the move was a valuation call. Stephens set a $68.00 target price on shares of Nutrien and gave the company a “buy” rating in a research note on Thursday, November 8th. Citigroup decreased their target price on shares of Nutrien from $66.00 to $56.00 and set a “buy” rating for the company in a research note on Monday, January 7th. Finally, Barclays reiterated a “buy” rating on shares of Nutrien in a research note on Sunday. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $61.94.

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Nutrien Profile

Nutrien Ltd. produces and markets crop nutrients worldwide. The company offers potash, nitrogen, phosphate, and solid and liquid phosphate fertilizers; and phosphate feed, ammonium sulfate, and industrial acid products. It also retails seeds, crop protection and crop nutrient products, merchandise products, and agronomic services through operating 1,500 retail locations.

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Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

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