Nutrien Ltd. (NYSE:NTR) Stock Holdings Decreased by Capital Investment Counsel Inc

Capital Investment Counsel Inc lowered its stake in Nutrien Ltd. (NYSE:NTR) by 11.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 7,656 shares of the company’s stock after selling 1,000 shares during the period. Capital Investment Counsel Inc’s holdings in Nutrien were worth $368,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Central Pacific Bank Trust Division bought a new stake in shares of Nutrien during the 3rd quarter valued at about $28,000. Family Firm Inc. bought a new stake in shares of Nutrien during the 2nd quarter valued at about $32,000. GoalVest Advisory LLC bought a new stake in shares of Nutrien during the 1st quarter valued at about $35,000. Trust Co. of Vermont grew its position in shares of Nutrien by 50.0% during the 2nd quarter. Trust Co. of Vermont now owns 900 shares of the company’s stock valued at $46,000 after buying an additional 300 shares during the last quarter. Finally, Covestor Ltd grew its position in shares of Nutrien by 33.3% during the 1st quarter. Covestor Ltd now owns 932 shares of the company’s stock valued at $50,000 after buying an additional 233 shares during the last quarter. Institutional investors own 63.10% of the company’s stock.

Analyst Ratings Changes

NTR has been the subject of a number of recent research reports. TD Securities lowered their price objective on shares of Nutrien from $69.00 to $67.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $60.00 price objective on shares of Nutrien in a research report on Friday, September 20th. BMO Capital Markets decreased their target price on shares of Nutrien from $80.00 to $75.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. The Goldman Sachs Group cut shares of Nutrien from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $69.00 to $53.00 in a research report on Tuesday, September 10th. Finally, Mizuho decreased their target price on shares of Nutrien from $55.00 to $52.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Nutrien has an average rating of “Hold” and a consensus target price of $60.67.

Nutrien Trading Down 0.7 %

Shares of NYSE:NTR opened at $47.77 on Thursday. The company has a 50 day moving average of $47.74 and a 200-day moving average of $51.00. The firm has a market cap of $23.59 billion, a P/E ratio of 29.86, a P/E/G ratio of 1.55 and a beta of 0.82. Nutrien Ltd. has a twelve month low of $44.65 and a twelve month high of $60.87. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 0.37.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, August 7th. The company reported $2.34 EPS for the quarter, beating the consensus estimate of $2.19 by $0.15. Nutrien had a net margin of 2.97% and a return on equity of 6.91%. The business had revenue of $10.16 billion during the quarter, compared to analyst estimates of $10.82 billion. During the same period in the prior year, the business earned $2.53 earnings per share. The business’s quarterly revenue was down 12.9% on a year-over-year basis. As a group, analysts anticipate that Nutrien Ltd. will post 3.85 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, September 27th were paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 4.52%. The ex-dividend date was Friday, September 27th. Nutrien’s dividend payout ratio is presently 135.00%.

Nutrien 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.