Nutrien Ltd. (NYSE:NTR) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its holdings in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 9.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 499,678 shares of the company's stock after buying an additional 42,810 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.10% of Nutrien worth $24,819,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. GAMMA Investing LLC increased its position in shares of Nutrien by 4,866.7% during the first quarter. GAMMA Investing LLC now owns 1,043 shares of the company's stock worth $52,000 after purchasing an additional 1,022 shares in the last quarter. Summit Securities Group LLC grew its holdings in Nutrien by 225.0% in the 4th quarter. Summit Securities Group LLC now owns 1,300 shares of the company's stock valued at $58,000 after buying an additional 900 shares in the last quarter. Lee Danner & Bass Inc. purchased a new stake in Nutrien in the 4th quarter valued at $67,000. EverSource Wealth Advisors LLC grew its holdings in Nutrien by 23.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,804 shares of the company's stock valued at $81,000 after buying an additional 348 shares in the last quarter. Finally, Bessemer Group Inc. grew its holdings in Nutrien by 163.7% in the 1st quarter. Bessemer Group Inc. now owns 1,690 shares of the company's stock valued at $84,000 after buying an additional 1,049 shares in the last quarter. 63.10% of the stock is owned by institutional investors and hedge funds.

Nutrien Price Performance

NTR stock traded up $1.68 during midday trading on Friday, hitting $60.00. 2,566,839 shares of the stock were exchanged, compared to its average volume of 2,191,729. The stock's 50-day moving average price is $59.77 and its 200-day moving average price is $54.42. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.59 and a current ratio of 1.22. The stock has a market cap of $29.22 billion, a price-to-earnings ratio of 56.08, a PEG ratio of 1.11 and a beta of 0.80. Nutrien Ltd. has a fifty-two week low of $43.70 and a fifty-two week high of $65.08.

Nutrien (NYSE:NTR - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.24). Nutrien had a net margin of 2.05% and a return on equity of 6.08%. The company had revenue of $4.67 billion during the quarter, compared to analysts' expectations of $5.16 billion. During the same quarter in the prior year, the company earned $0.46 earnings per share. The firm's revenue was down 5.4% compared to the same quarter last year. Research analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Monday, June 30th were paid a dividend of $0.545 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $2.18 annualized dividend and a yield of 3.63%. Nutrien's dividend payout ratio is presently 203.74%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NTR. TD Securities increased their target price on Nutrien from $64.00 to $67.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. The Goldman Sachs Group increased their target price on Nutrien from $53.00 to $59.00 and gave the stock a "sell" rating in a research note on Friday, May 9th. Morgan Stanley increased their price target on Nutrien from $60.00 to $65.00 and gave the company an "equal weight" rating in a research report on Thursday, June 26th. Barclays increased their price target on Nutrien from $61.00 to $64.00 and gave the company an "equal weight" rating in a research report on Monday, July 7th. Finally, UBS Group increased their price target on Nutrien from $52.00 to $56.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $62.78.

Nutrien 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.