Nutrien (NYSE:NTR) Sets New 1-Year Low at $44.82

Nutrien Ltd. (NYSE:NTR)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as $44.82 and last traded at $45.19, with a volume of 134376 shares trading hands. The stock had previously closed at $46.09.

Analyst Upgrades and Downgrades

NTR has been the subject of a number of recent research reports. TD Securities cut their price objective on shares of Nutrien from $69.00 to $67.00 and set a “buy” rating for the company in a report on Thursday, August 1st. UBS Group reduced their price target on Nutrien from $67.00 to $66.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Mizuho cut their price objective on Nutrien from $55.00 to $52.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. BMO Capital Markets dropped their target price on Nutrien from $80.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Finally, Hsbc Global Res lowered Nutrien from a “hold” rating to a “moderate sell” rating in a research note on Friday, August 2nd. Three analysts have rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $62.39.

Nutrien Stock Performance

The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 0.37. The company’s 50-day moving average is $48.56 and its two-hundred day moving average is $52.23. The stock has a market capitalization of $22.19 billion, a P/E ratio of 26.40, a P/E/G ratio of 1.54 and a beta of 0.82.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, August 7th. The company reported $2.34 EPS for the quarter, topping the consensus estimate of $2.19 by $0.15. Nutrien had a return on equity of 6.91% and a net margin of 2.97%. The business had revenue of $10.16 billion during the quarter, compared to analysts’ expectations of $10.82 billion. During the same quarter last year, the firm posted $2.53 earnings per share. Nutrien’s revenue was down 12.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Nutrien Ltd. will post 3.77 EPS for the current fiscal year.

Nutrien Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, September 27th will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 4.81%. The ex-dividend date is Friday, September 27th. Nutrien’s dividend payout ratio is 126.32%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Nutrien in the 4th quarter valued at approximately $332,716,000. Silchester International Investors LLP raised its holdings in Nutrien by 211.6% in the 2nd quarter. Silchester International Investors LLP now owns 4,041,167 shares of the company’s stock valued at $205,736,000 after buying an additional 2,744,213 shares during the last quarter. ARGA Investment Management LP boosted its position in Nutrien by 120.2% during the 1st quarter. ARGA Investment Management LP now owns 3,780,881 shares of the company’s stock worth $205,421,000 after buying an additional 2,063,881 shares during the period. TD Asset Management Inc grew its holdings in Nutrien by 28.6% during the 4th quarter. TD Asset Management Inc now owns 9,226,352 shares of the company’s stock worth $522,309,000 after acquiring an additional 2,050,358 shares during the last quarter. Finally, Parnassus Investments LLC raised its stake in shares of Nutrien by 19.5% during the fourth quarter. Parnassus Investments LLC now owns 12,017,181 shares of the company’s stock valued at $676,928,000 after acquiring an additional 1,960,162 shares during the last quarter. 63.10% of the stock is owned by institutional investors and hedge funds.

About Nutrien

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.