Public Employees Retirement System of Ohio Boosts Holdings in Nutrien Ltd. $NTR

Public Employees Retirement System of Ohio increased its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 137.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 214,076 shares of the company's stock after buying an additional 123,805 shares during the period. Public Employees Retirement System of Ohio's holdings in Nutrien were worth $12,461,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in NTR. Tidal Investments LLC increased its holdings in Nutrien by 2.9% during the fourth quarter. Tidal Investments LLC now owns 10,262 shares of the company's stock worth $459,000 after buying an additional 293 shares during the last quarter. Versant Capital Management Inc increased its holdings in Nutrien by 1,870.2% during the first quarter. Versant Capital Management Inc now owns 1,852 shares of the company's stock worth $92,000 after buying an additional 1,758 shares during the last quarter. Moody National Bank Trust Division increased its holdings in Nutrien by 52.8% during the first quarter. Moody National Bank Trust Division now owns 20,925 shares of the company's stock worth $1,039,000 after buying an additional 7,227 shares during the last quarter. GAMMA Investing LLC increased its holdings in 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 buying an additional 1,022 shares during the last quarter. Finally, Pacifica Partners Inc. increased its holdings in Nutrien by 47.0% during the first quarter. Pacifica Partners Inc. now owns 34,163 shares of the company's stock worth $1,732,000 after buying an additional 10,920 shares during the last quarter. Hedge funds and other institutional investors own 63.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on NTR shares. Scotiabank reduced their target price on shares of Nutrien from $62.00 to $60.00 and set a "sector perform" rating for the company in a research note on Monday, August 11th. Morgan Stanley raised their price objective on shares of Nutrien from $60.00 to $65.00 and gave the stock an "equal weight" rating in a report on Thursday, June 26th. Oppenheimer raised their price objective on shares of Nutrien from $63.00 to $65.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Barclays raised their price objective on shares of Nutrien from $61.00 to $64.00 and gave the stock an "equal weight" rating in a report on Monday, July 7th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Nutrien in a report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Nutrien has a consensus rating of "Hold" and a consensus price target of $62.39.

Nutrien Price Performance

Shares of NYSE:NTR opened at $58.76 on Friday. The company has a 50 day moving average of $57.79 and a 200 day moving average of $56.71. The stock has a market cap of $28.51 billion, a P/E ratio of 21.06, a P/E/G ratio of 0.95 and a beta of 0.77. Nutrien Ltd. has a 12 month low of $43.69 and a 12 month high of $65.08. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 0.39.

Nutrien (NYSE:NTR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.41 by $0.24. The company had revenue of $10.30 billion during the quarter, compared to analysts' expectations of $10.40 billion. Nutrien had a net margin of 5.25% and a return on equity of 6.51%. Nutrien's revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.34 earnings per share. As a group, sell-side analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 29th will be paid a dividend of $0.545 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a $2.18 annualized dividend and a yield of 3.7%. Nutrien's payout ratio is currently 78.14%.

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.

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