Nutrien Ltd. (NYSE:NTR) Shares Acquired by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC increased its stake in shares of Nutrien Ltd. (NYSE:NTR) by 2.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 317,633 shares of the company’s stock after purchasing an additional 8,531 shares during the period. Horizon Kinetics Asset Management LLC owned 0.06% of Nutrien worth $15,265,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Silchester International Investors LLP raised its holdings in shares of Nutrien by 164.4% during the third quarter. Silchester International Investors LLP now owns 10,683,242 shares of the company’s stock valued at $513,437,000 after acquiring an additional 6,642,075 shares during the last quarter. Bank of Montreal Can lifted its holdings in Nutrien by 15.5% in the 2nd 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. Clal Insurance Enterprises Holdings Ltd boosted its stake in Nutrien by 78.8% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,495,282 shares of the company’s stock worth $121,271,000 after purchasing an additional 1,100,000 shares during the last quarter. National Bank of Canada FI grew its holdings in shares of Nutrien by 34.0% during the second quarter. National Bank of Canada FI now owns 4,066,629 shares of the company’s stock worth $205,385,000 after buying an additional 1,032,763 shares in the last quarter. Finally, Public Sector Pension Investment Board acquired a new stake in shares of Nutrien in the second quarter valued at about $38,176,000. 63.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NTR has been the subject of a number of recent research reports. BMO Capital Markets cut their price objective 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. Barclays reduced their price objective on Nutrien from $68.00 to $55.00 and set an “overweight” rating on the stock in a research report on Friday, August 16th. Mizuho cut their target price on Nutrien from $55.00 to $52.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. HSBC cut shares of Nutrien from a “hold” rating to a “reduce” rating in a research report on Friday, August 2nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $60.00 target price on shares of Nutrien in a research note on Friday, September 20th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Nutrien presently has a consensus rating of “Hold” and a consensus target price of $60.33.

Nutrien Stock Performance

Shares of NTR opened at $46.95 on Monday. Nutrien Ltd. has a 1 year low of $44.65 and a 1 year high of $60.87. The stock has a market capitalization of $23.19 billion, a PE ratio of 31.50, a PEG ratio of 1.65 and a beta of 0.82. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. The stock has a 50-day simple moving average of $48.01 and a 200-day simple moving average of $50.11.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, November 6th. The company reported $0.39 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 analysts’ expectations of $5.26 billion. Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The business’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same period last year, the company earned $0.35 EPS. On average, analysts predict that Nutrien Ltd. will post 3.56 earnings per share for the current fiscal year.

Nutrien Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be issued a $0.939 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 8.00%. This is a boost from Nutrien’s previous quarterly dividend of $0.54. The ex-dividend date is Tuesday, December 31st. Nutrien’s payout ratio is presently 144.97%.

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.