Hikari Power Ltd Has $12.60 Million Holdings in Nutrien Ltd. $NTR

Hikari Power Ltd lessened its stake in shares of Nutrien Ltd. (NYSE:NTR) by 1.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 216,310 shares of the company’s stock after selling 3,400 shares during the period. Nutrien comprises 1.0% of Hikari Power Ltd’s investment portfolio, making the stock its 16th largest holding. Hikari Power Ltd’s holdings in Nutrien were worth $12,598,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Harbour Investments Inc. grew its position in Nutrien by 94.8% during the first quarter. Harbour Investments Inc. now owns 715 shares of the company’s stock valued at $35,000 after purchasing an additional 348 shares in the last quarter. Trust Co. of Toledo NA OH purchased a new position in Nutrien during the second quarter valued at approximately $49,000. Allworth Financial LP grew its position in Nutrien by 117.1% during the first quarter. Allworth Financial LP now owns 938 shares of the company’s stock valued at $50,000 after purchasing an additional 506 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in Nutrien by 1,074.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,022 shares of the company’s stock valued at $51,000 after purchasing an additional 935 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in Nutrien during the first quarter valued at approximately $54,000. 63.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NTR has been the topic of a number of research analyst reports. Oppenheimer reaffirmed an “outperform” rating on shares of Nutrien in a research report on Wednesday. Jefferies Financial Group lowered their price objective on shares of Nutrien from $61.00 to $60.00 and set a “hold” rating on the stock in a research report on Tuesday, September 9th. UBS Group dropped their price objective on Nutrien from $64.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, August 7th. Scotiabank dropped their price objective on Nutrien from $62.00 to $60.00 and set a “sector perform” rating on the stock in a report on Monday, August 11th. Finally, Wall Street Zen downgraded Nutrien from a “strong-buy” rating to a “buy” rating in a report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $62.78.

Nutrien Trading Up 0.6%

NYSE:NTR opened at $58.18 on Monday. The stock’s 50 day moving average price is $57.84 and its 200 day moving average price is $57.96. Nutrien Ltd. has a 52 week low of $43.69 and a 52 week high of $65.08. The company has a market capitalization of $28.18 billion, a P/E ratio of 20.85, a P/E/G ratio of 0.95 and a beta of 0.82. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.85 and a current ratio of 1.33.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, August 6th. The company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.41 by $0.24. The firm had revenue of $10.30 billion during the quarter, compared to analysts’ expectations of $10.40 billion. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The company’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.34 earnings per share. On average, research analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Monday, September 29th were given a dividend of $0.545 per share. The ex-dividend date of this dividend was Monday, September 29th. This represents a $2.18 dividend on an annualized basis and a yield of 3.7%. Nutrien’s dividend payout ratio is presently 78.14%.

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.