Bank of New York Mellon Corp Purchases 42,810 Shares of Nutrien Ltd. (NYSE:NTR)

Bank of New York Mellon Corp boosted its position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 9.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 499,678 shares of the company's stock after acquiring an additional 42,810 shares during the period. Bank of New York Mellon Corp owned 0.10% of Nutrien worth $24,819,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NTR. GAMMA Investing LLC lifted its position in Nutrien by 4,866.7% during the 1st quarter. GAMMA Investing LLC now owns 1,043 shares of the company's stock worth $52,000 after acquiring an additional 1,022 shares during the last quarter. Summit Securities Group LLC lifted its position in Nutrien by 225.0% during the 4th quarter. Summit Securities Group LLC now owns 1,300 shares of the company's stock worth $58,000 after acquiring an additional 900 shares during the last quarter. Lee Danner & Bass Inc. acquired a new position in Nutrien during the 4th quarter worth $67,000. EverSource Wealth Advisors LLC lifted its position in Nutrien by 23.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,804 shares of the company's stock worth $81,000 after acquiring an additional 348 shares during the last quarter. Finally, Bessemer Group Inc. lifted its position in Nutrien by 163.7% during the 1st quarter. Bessemer Group Inc. now owns 1,690 shares of the company's stock worth $84,000 after acquiring an additional 1,049 shares during the last quarter. Institutional investors and hedge funds own 63.10% of the company's stock.

Nutrien Stock Performance

NYSE NTR traded down $0.17 during trading on Thursday, reaching $58.29. The company's stock had a trading volume of 1,731,486 shares, compared to its average volume of 2,187,169. The company has a current ratio of 1.22, a quick ratio of 0.59 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $28.39 billion, a price-to-earnings ratio of 54.48, a price-to-earnings-growth ratio of 1.12 and a beta of 0.80. Nutrien Ltd. has a 12 month low of $43.70 and a 12 month high of $65.08. The firm has a 50 day moving average price of $59.61 and a 200 day moving average price of $54.15.

Nutrien (NYSE:NTR - Get Free Report) last released its quarterly earnings data 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 company had revenue of $4.67 billion for the quarter, compared to analyst estimates of $5.16 billion. Nutrien had a return on equity of 6.08% and a net margin of 2.05%. Nutrien's revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.46 earnings per share. As a group, equities analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 30th will be paid a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date is Monday, June 30th. Nutrien's dividend payout ratio is currently 203.74%.

Wall Street Analysts Forecast Growth

NTR has been the subject of a number of research analyst reports. Oppenheimer upped their price objective on shares of Nutrien from $63.00 to $65.00 and gave the company an "outperform" rating in a research report on Tuesday. The Goldman Sachs Group upped their price objective on shares of Nutrien from $53.00 to $59.00 and gave the company a "sell" rating in a research report on Friday, May 9th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Nutrien in a research report on Monday. Bank of America upped their price objective on shares of Nutrien from $60.00 to $63.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Finally, Scotiabank lowered shares of Nutrien from an "outperform" rating to a "sector perform" rating and set a $62.00 price objective for the company. in a research report on Thursday, May 22nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $62.78.

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.