Nutrien Ltd. (NYSE:NTR) Stake Boosted by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio grew its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 6.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 92,018 shares of the company's stock after acquiring an additional 5,420 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Nutrien were worth $4,116,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of NTR. Janney Montgomery Scott LLC increased its stake in shares of Nutrien by 0.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 98,317 shares of the company's stock valued at $4,400,000 after acquiring an additional 682 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in shares of Nutrien by 96.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock valued at $38,000 after acquiring an additional 416 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of Nutrien during the 4th quarter valued at about $67,000. Abel Hall LLC acquired a new position in shares of Nutrien during the 4th quarter valued at about $276,000. Finally, HHM Wealth Advisors LLC increased its stake in shares of Nutrien by 331.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company's stock valued at $28,000 after acquiring an additional 480 shares during the last quarter. Institutional investors and hedge funds own 63.10% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on NTR shares. Bank of America boosted their target price on Nutrien from $60.00 to $63.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. CIBC boosted their target price on Nutrien from $64.00 to $66.00 and gave the stock an "outperformer" rating in a report on Tuesday, February 25th. BNP Paribas upgraded Nutrien to a "strong-buy" rating in a report on Wednesday, April 9th. The Goldman Sachs Group boosted their target price on Nutrien from $53.00 to $59.00 and gave the stock a "sell" rating in a report on Friday, May 9th. Finally, Mizuho boosted their target price on Nutrien from $52.00 to $55.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, six have assigned 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, Nutrien has an average rating of "Hold" and a consensus price target of $61.44.

Nutrien Stock Up 0.5%

Shares of Nutrien stock traded up $0.27 on Friday, hitting $59.05. 2,553,457 shares of the company's stock traded hands, compared to its average volume of 2,156,670. The stock has a market cap of $28.83 billion, a P/E ratio of 43.10, a PEG ratio of 1.19 and a beta of 0.79. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The firm's 50-day moving average is $54.14 and its 200 day moving average is $50.98. Nutrien Ltd. has a 52-week low of $43.70 and a 52-week high of $60.50.

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

Nutrien Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 3.69%. The ex-dividend date of this dividend is Monday, June 30th. Nutrien's dividend payout ratio (DPR) is currently 203.74%.

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.