Public Employees Retirement System of Ohio Takes Position in Nutrien Ltd. $NTR

Public Employees Retirement System of Ohio purchased a new stake in shares of Nutrien Ltd. (NYSE:NTR) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 108,471 shares of the company’s stock, valued at approximately $6,822,000.

A number of other institutional investors also recently bought and sold shares of the stock. Montag A & Associates Inc. boosted its stake in Nutrien by 310.7% during the fourth quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock worth $26,000 after buying an additional 320 shares during the period. Evolution Wealth Management Inc. purchased a new stake in shares of Nutrien in the first quarter valued at $32,000. Global Retirement Partners LLC bought a new stake in shares of Nutrien in the 2nd quarter worth about $30,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Nutrien by 1,014.0% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 479 shares of the company’s stock worth $30,000 after acquiring an additional 436 shares during the last quarter. Finally, Allied Private Wealth LLC purchased a new position in shares of Nutrien during the 2nd quarter worth about $33,000. 63.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. UBS Group cut their price target on shares of Nutrien from $67.00 to $65.00 and set a “sell” rating on the stock in a report on Monday, May 11th. TD Securities reissued a “buy” rating on shares of Nutrien in a research note on Wednesday, May 6th. Oppenheimer cut their target price on Nutrien from $82.00 to $80.00 and set an “outperform” rating on the stock in a research note on Thursday, July 23rd. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Nutrien in a research note on Monday, August 10th. Finally, Weiss Ratings upgraded Nutrien from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 6th. Seventeen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Nutrien has a consensus rating of “Moderate Buy” and a consensus price target of $81.58.

Nutrien Trading Up 2.7%

NYSE NTR opened at $77.55 on Wednesday. The stock has a market cap of $37.01 billion, a PE ratio of 15.70, a PEG ratio of 0.80 and a beta of 0.62. Nutrien Ltd. has a 12 month low of $53.03 and a 12 month high of $85.36. The company’s 50-day moving average price is $67.92 and its 200-day moving average price is $70.63. The company has a current ratio of 1.39, a quick ratio of 0.86 and a debt-to-equity ratio of 0.36.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $2.61 earnings per share for the quarter, missing analysts’ consensus estimates of $2.70 by ($0.09). The company had revenue of $10.81 billion for the quarter, compared to the consensus estimate of $10.44 billion. Nutrien had a net margin of 8.44% and a return on equity of 8.88%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.65 EPS. Equities research analysts forecast that Nutrien Ltd. will post 4.71 earnings per share for the current year.

Nutrien Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Tuesday, September 29th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 29th. Nutrien’s payout ratio is currently 44.53%.

Nutrien Profile

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.