OMERS ADMINISTRATION Corp Makes New Investment in Nutrien Ltd. $NTR

OMERS ADMINISTRATION Corp bought a new stake in Nutrien Ltd. (NYSE:NTR) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 265,475 shares of the company’s stock, valued at approximately $16,719,000. OMERS ADMINISTRATION Corp owned 0.06% of Nutrien as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Guggenheim Capital LLC lifted its holdings in shares of Nutrien by 2.2% during the 4th quarter. Guggenheim Capital LLC now owns 6,628 shares of the company’s stock worth $409,000 after acquiring an additional 145 shares during the period. Minot DeBlois Advisors LLC raised its holdings in shares of Nutrien by 1.8% during the 4th quarter. Minot DeBlois Advisors LLC now owns 9,032 shares of the company’s stock worth $557,000 after buying an additional 164 shares in the last quarter. Banque Cantonale Vaudoise lifted its position in shares of Nutrien by 15.9% during the 1st quarter. Banque Cantonale Vaudoise now owns 1,198 shares of the company’s stock worth $90,000 after buying an additional 164 shares during the last quarter. Gould Asset Management LLC CA lifted its position in shares of Nutrien by 4.4% during the 1st quarter. Gould Asset Management LLC CA now owns 3,933 shares of the company’s stock worth $297,000 after buying an additional 165 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Nutrien by 21.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 983 shares of the company’s stock valued at $61,000 after buying an additional 176 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Nutrien Trading Up 0.1%

Shares of NTR stock opened at $75.36 on Monday. The firm has a market capitalization of $36.05 billion, a P/E ratio of 15.26, a P/E/G ratio of 0.76 and a beta of 0.61. Nutrien Ltd. has a twelve month low of $53.03 and a twelve month high of $85.36. The company has a quick ratio of 0.86, a current ratio of 1.39 and a debt-to-equity ratio of 0.36. The stock’s fifty day simple moving average is $66.42 and its 200 day simple moving average is $70.43.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, August 5th. The company reported $2.61 EPS for the quarter, missing the consensus estimate of $2.70 by ($0.09). The firm had revenue of $10.81 billion during 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%. Nutrien’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.65 earnings per share. As a group, sell-side analysts predict that Nutrien Ltd. will post 4.95 EPS for the current fiscal year.

Nutrien Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Tuesday, September 29th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Tuesday, September 29th. Nutrien’s dividend payout ratio (DPR) is 44.53%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on NTR shares. Wall Street Zen cut Nutrien from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Raymond James Financial raised shares of Nutrien from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $74.00 to $90.00 in a report on Tuesday, May 5th. JPMorgan Chase & Co. raised their price target on shares of Nutrien from $78.00 to $80.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Mizuho decreased their price target on shares of Nutrien from $77.00 to $75.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Finally, Barclays decreased their price target on shares of Nutrien from $81.00 to $78.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. Seventeen research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Nutrien presently has a consensus rating of “Moderate Buy” and an average target price of $81.58.

Nutrien Company 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.