Producers Life Insurance coverage Firm lowered its stake in Nutrien Ltd. (NYSE: NTR) by 0.5% throughout the third quarter, as indicated within the firm’s most up-to-date 13F submitting with the Securities and Trade Fee (SEC). . The company held 3,576,504 shares of the corporate earlier than promoting 19,555 shares throughout that interval. After the sale, the company’s possession curiosity was as follows: In line with Producers Life Insurance coverage Firm’s most up-to-date submitting with the SEC, the corporate owned 0.67% of Nutrien’s inventory, which had a market worth of of $301,171,000 on the time of submitting.
There have been further giant traders making changes to their holdings within the firm, and these changes have been made not too long ago. Covestor Ltd. spent the primary three months of 2018 buying a brand new stake in Nutrien for a value near $30,000. The Nationwide Affiliation Zions Bancorporation elevated its shareholding in Nutrien by 55.2% throughout the first three months of the 12 months. After making an extra buy of 107 shares throughout the latest quarter, Zions Bancorporation NA now owns 301 shares of the corporate. A complete worth of $31,000 is hooked up to those 301 shares of the corporate. Personal Belief Co. NA spent roughly $29,000 to buy a brand new curiosity in Nutrien throughout the second quarter of the fiscal 12 months. Throughout the second quarter, CoreCap Advisors LLC spent roughly $32,000 to amass further shares of Nutrien to strengthen its holdings within the firm. And at last, throughout the second quarter, the Cambridge Belief Firm elevated its stake in Nutrien by buying an extra 239.9% of its shares. As a result of the Cambridge Belief Firm bought an extra 355 shares throughout the latest quarter, the worth of the shares owned by the Cambridge Belief Co. on the finish of the latest quarter was $40,000. This determine displays that Cambridge Belief Co., institutional traders and hedge funds presently personal 64.52% of the corporate’s shares.
On Thursday, the opening value of Nutrien’s widespread shares was $77.35 per share. The share value is presently buying and selling at $76.44, and its 50-day and 200-day easy transferring averages every sit at $81.84. Nutrien Ltd. hit a 52-week low of $67.41, whereas the corporate hit a 52-week excessive of $117.25. There are 0.27 occasions extra debt than capital, 1.15 occasions present property and 0.70 occasions fast property. Every of those ratios treats the others with the utmost respect. Along with having a beta of 0.86 and a market capitalization of $39.28 billion, the corporate has a P/E/E ratio of 0.77.
On November 2, Nutrien’s most up-to-date outcomes report was made public. Diet is an organization listed on the New York Inventory Trade beneath the image NTR. The corporate’s quarterly earnings per share got here in at $2.51, which was $0.41, under the common expectation of $3.92 for this metric. Nutrien’s return on fairness was 29.68% and the corporate’s internet margin was 20.60% of its revenue. Income for the quarter was $8.19 billion, considerably decrease than the $9.02 billion forecast by analysts for the interval. Fairness analysis analysts anticipate Nutrien Ltd. will generate earnings per share for the present fiscal 12 months of 13.55 cents.
Moreover, the corporate declared a quarterly dividend, which was paid on the thirteenth day of this month (Friday). On Friday, December 30, shareholders of document obtained dividends totaling $0.48, distributed to these shareholders. This interprets to a yield of two.48% and a dividend payout of $1.92 annually for the lifetime of the funding. On December 29, the cost of the dividend, which was initially topic to sure deductions, lastly started. At the moment, a complete of 13.67% of Nutrien’s earnings are paid as dividends to the corporate’s shareholders.
Many analysts have been discussing shares as their matter of alternative of their writing and shows. Morgan Stanley acknowledged in a analysis report launched by the brokerage agency on January 11, 2019, that they’d lowered their value goal for Nutrien shares from $100 to $91. On high of that, they gave the corporate an “equal weight” ranking. Raymond James lowered his value goal for Nutrien shares from $95.00 to $90.00 and assigned the shares an “outperform” ranking in a analysis report revealed Friday, January 13. On Wednesday, Wells Fargo & Firm issued a analysis observe on Nutrien, marking the start of the corporate’s protection of the corporate. They gave the inventory an “Equal Weight” ranking and concluded that it ought to be priced at $800.00. TD Securities gave Nutrien shares a “purchase” ranking in a analysis report made public on November 6. Nonetheless, the brokerage agency lowered its value goal for the shares from $105.00 to $91.00. The analysis group additionally steered “shopping for” the inventory in its conclusion.
Final however not least, in a analysis observe revealed on November 17, Barclays downgraded Nutrien’s ranking from “chubby” to “impartial” and lowered its value goal for the corporate from $105.00 to $95.00. Each modifications have been made. One of many fairness analysis analysts steered promoting the corporate, seven mentioned it ought to be saved, and ten of the analysts known as it a purchase. In line with Bloomberg.com, the corporate is presently rated a consensus “Average Purchase,” and the consensus value goal for the corporate presently stands at $98.94. This info was derived from a survey of monetary analysts.
The corporate generally known as Nutrien Ltd. gives agricultural providers and crop inputs to its shoppers. Along with monetary providers, it additionally presents services in monetary providers for potash, nitrogen, phosphate and sulfate; it additionally presents services within the areas of potash, nitrogen, phosphate and sulfate. Distribution retailers for the corporate’s seeds, crop fertilizers, crop safety merchandise and different merchandise will be present in roughly 2,000 retail places in the USA of America, Canada, Australia and South America mixed. These places are situated in all of those areas.