PKO Investment Management Joint Stock Co Makes New Investment in Nutrien Ltd. (NYSE:NTR)

PKO Investment Management Joint Stock Co acquired a new position in Nutrien Ltd. (NYSE:NTR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 15,896 shares of the company's stock, valued at approximately $712,000.

Several other institutional investors also recently bought and sold shares of the company. Fairway Wealth LLC acquired a new position in shares of Nutrien during the 4th quarter worth approximately $27,000. HHM Wealth Advisors LLC boosted its holdings in shares of Nutrien by 331.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company's stock worth $28,000 after purchasing an additional 480 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of Nutrien by 1,437.5% during the 4th quarter. Assetmark Inc. now owns 738 shares of the company's stock worth $33,000 after purchasing an additional 690 shares during the last quarter. Asset Planning Inc acquired a new position in shares of Nutrien during the 4th quarter worth approximately $35,000. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Nutrien by 96.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock worth $38,000 after purchasing an additional 416 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Nutrien Stock Up 0.5%

Nutrien stock traded up $0.27 during midday trading on Friday, reaching $59.05. The company's stock had a trading volume of 2,553,457 shares, compared to its average volume of 2,156,670. Nutrien Ltd. has a fifty-two week low of $43.70 and a fifty-two week high of $60.50. 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 company has a market cap of $28.83 billion, a P/E ratio of 43.10, a P/E/G ratio of 1.19 and a beta of 0.79. The business has a 50-day simple moving average of $54.14 and a 200-day simple moving average of $51.01.

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

Nutrien Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Shareholders 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 yield of 3.69%. The ex-dividend date is Monday, June 30th. Nutrien's dividend payout ratio is presently 203.74%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on NTR shares. Scotiabank cut Nutrien from an "outperform" rating to a "sector perform" rating and set a $62.00 target price on the stock. in a report on Thursday, May 22nd. Bank of America lifted their price target 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. TD Securities lifted their price target on shares of Nutrien from $64.00 to $67.00 and gave the company a "buy" rating in a research report on Monday, May 12th. Oppenheimer upped their price target on Nutrien from $58.00 to $63.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. Finally, Barclays upped their price target on Nutrien from $59.00 to $61.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 14th. Two 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 company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $61.44.

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.