Comprehensive Money Management Services LLC Makes New $224,000 Investment in Nutrien Ltd. (NYSE:NTR)

Comprehensive Money Management Services LLC acquired a new position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 4,995 shares of the company's stock, valued at approximately $224,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio lifted its stake in shares of Nutrien by 6.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 92,018 shares of the company's stock valued at $4,116,000 after purchasing an additional 5,420 shares during the last quarter. Burgundy Asset Management Ltd. lifted its stake in shares of Nutrien by 36.1% in the 4th quarter. Burgundy Asset Management Ltd. now owns 130,000 shares of the company's stock valued at $5,811,000 after purchasing an additional 34,500 shares during the last quarter. Vise Technologies Inc. acquired a new position in shares of Nutrien in the 4th quarter valued at $222,000. Two Sigma Advisers LP lifted its stake in shares of Nutrien by 211.4% in the 4th quarter. Two Sigma Advisers LP now owns 67,317 shares of the company's stock valued at $3,012,000 after purchasing an additional 45,700 shares during the last quarter. Finally, Two Sigma Investments LP lifted its stake in shares of Nutrien by 45.7% in the 4th quarter. Two Sigma Investments LP now owns 301,505 shares of the company's stock valued at $13,492,000 after purchasing an additional 94,554 shares during the last quarter. Hedge funds and other institutional investors own 63.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on NTR shares. BNP Paribas upgraded Nutrien to a "strong-buy" rating in a report on Wednesday, April 9th. Wells Fargo & Company boosted their price objective on Nutrien from $56.00 to $59.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Barclays boosted their price objective on Nutrien from $59.00 to $61.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Oppenheimer boosted their price objective on Nutrien from $58.00 to $63.00 and gave the company an "outperform" rating in a report on Tuesday, May 13th. Finally, TD Securities boosted their price objective on Nutrien from $64.00 to $67.00 and gave the company a "buy" rating in a report on Monday, May 12th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $61.44.

Nutrien Stock Performance

Shares of NYSE NTR traded up $0.27 during trading hours on Friday, reaching $59.05. The stock had a trading volume of 2,553,457 shares, compared to its average volume of 2,156,670. The firm has a market cap of $28.83 billion, a price-to-earnings ratio of 43.10, a PEG ratio of 1.19 and a beta of 0.79. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. Nutrien Ltd. has a fifty-two week low of $43.70 and a fifty-two week high of $60.50. The firm has a 50-day moving average of $54.14 and a 200-day moving average of $51.05.

Nutrien (NYSE:NTR - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.24). The firm had revenue of $4.67 billion during the quarter, compared to analyst estimates of $5.16 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The firm's revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period last year, the company earned $0.46 earnings per share. Equities research analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 30th will be given a $0.545 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.69%. Nutrien's dividend payout ratio (DPR) is presently 203.74%.

Nutrien Company 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.