Skandinaviska Enskilda Banken AB publ Sells 6,100 Shares of Nutrien Ltd. $NTR

Skandinaviska Enskilda Banken AB publ lessened its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 8.4% in the second quarter, Holdings Channel.com reports. The fund owned 66,624 shares of the company’s stock after selling 6,100 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Nutrien were worth $3,880,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Nutrien by 3.4% in the 2nd quarter. Vanguard Group Inc. now owns 21,903,308 shares of the company’s stock worth $1,276,328,000 after purchasing an additional 712,305 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in Nutrien by 14.0% in the second quarter. First Eagle Investment Management LLC now owns 13,268,229 shares of the company’s stock valued at $772,742,000 after buying an additional 1,627,328 shares during the period. Canada Pension Plan Investment Board lifted its stake in Nutrien by 17.1% in the first quarter. Canada Pension Plan Investment Board now owns 8,786,309 shares of the company’s stock valued at $436,137,000 after buying an additional 1,284,181 shares during the period. Deutsche Bank AG boosted its holdings in Nutrien by 6.5% during the first quarter. Deutsche Bank AG now owns 7,568,805 shares of the company’s stock worth $375,943,000 after buying an additional 463,748 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Nutrien by 48.7% during the 1st quarter. JPMorgan Chase & Co. now owns 6,992,535 shares of the company’s stock worth $347,319,000 after buying an additional 2,291,518 shares during the period. Institutional investors and hedge funds own 63.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on NTR shares. Zacks Research downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Oppenheimer reiterated an “outperform” rating on shares of Nutrien in a report on Wednesday, October 22nd. Wells Fargo & Company started coverage on shares of Nutrien in a research report on Tuesday, November 11th. They set an “equal weight” rating and a $64.00 price target on the stock. Wall Street Zen lowered shares of Nutrien from a “strong-buy” rating to a “buy” rating in a report on Friday, September 5th. Finally, National Bank Financial started coverage on shares of Nutrien in a research report on Friday, September 5th. They issued a “sector perform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Nutrien has an average rating of “Hold” and an average price target of $62.94.

Nutrien Stock Performance

Shares of NTR opened at $60.26 on Tuesday. 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 Ltd. has a twelve month low of $43.69 and a twelve month high of $65.08. The firm’s 50 day moving average price is $57.65 and its two-hundred day moving average price is $58.44. The firm has a market cap of $29.13 billion, a P/E ratio of 21.60, a PEG ratio of 0.92 and a beta of 0.83.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.06. Nutrien had a net margin of 5.25% and a return on equity of 6.51%. The company had revenue of $5.82 billion during the quarter, compared to the consensus estimate of $5.59 billion. During the same quarter in the prior year, the firm earned $0.39 earnings per share. The firm’s revenue was up 12.3% compared to the same quarter last year. On average, analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Wednesday, December 31st. Nutrien’s dividend payout ratio is 58.76%.

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.