Commerce Bank Has $232,000 Stake in Nutrien Ltd. (NYSE:NTR)

Commerce Bank raised its position in shares of Nutrien Ltd. (NYSE:NTR) by 9.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,826 shares of the company’s stock after acquiring an additional 433 shares during the period. Commerce Bank’s holdings in Nutrien were worth $232,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of NTR. Silchester International Investors LLP increased its holdings in shares of Nutrien by 164.4% in the third quarter. Silchester International Investors LLP now owns 10,683,242 shares of the company’s stock valued at $513,437,000 after purchasing an additional 6,642,075 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Nutrien by 15.5% in the second quarter. Bank of Montreal Can now owns 13,354,385 shares of the company’s stock valued at $719,668,000 after purchasing an additional 1,794,333 shares in the last quarter. National Bank of Canada FI increased its holdings in shares of Nutrien by 34.0% in the second quarter. National Bank of Canada FI now owns 4,066,629 shares of the company’s stock valued at $205,385,000 after purchasing an additional 1,032,763 shares in the last quarter. Public Sector Pension Investment Board acquired a new stake in shares of Nutrien in the second quarter valued at approximately $38,176,000. Finally, Meitav Investment House Ltd. acquired a new stake in shares of Nutrien in the second quarter valued at approximately $31,063,000. Institutional investors and hedge funds own 63.10% of the company’s stock.

Analyst Upgrades and Downgrades

NTR has been the subject of a number of research reports. BMO Capital Markets lowered their price target on shares of Nutrien from $80.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, August 9th. UBS Group cut shares of Nutrien from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $66.00 to $51.00 in a research note on Thursday, October 10th. Scotiabank reduced their price objective on shares of Nutrien from $66.00 to $59.00 and set a “sector outperform” rating on the stock in a research note on Monday, August 12th. HSBC cut shares of Nutrien from a “hold” rating to a “reduce” rating in a research note on Friday, August 2nd. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $60.00 price target on shares of Nutrien in a research report on Friday, September 20th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $60.33.

Nutrien Stock Up 0.4 %

Shares of NTR stock opened at $46.09 on Thursday. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. Nutrien Ltd. has a 1 year low of $44.65 and a 1 year high of $60.87. The firm’s fifty day moving average price is $47.97 and its two-hundred day moving average price is $49.91. The firm has a market capitalization of $22.76 billion, a P/E ratio of 30.93, a PEG ratio of 1.64 and a beta of 0.82.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). The business had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.26 billion. Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The firm’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 earnings per share. On average, equities analysts predict that Nutrien Ltd. will post 3.56 EPS for the current fiscal year.

Nutrien Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.939 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Nutrien’s previous quarterly dividend of $0.54. This represents a $3.76 annualized dividend and a dividend yield of 8.15%. 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.