U S Global Investors Inc. Increases Stock Position in Nutrien Ltd. $NTR

Key Points

• U S Global Investors Inc. increased its stake in Nutrien Ltd. by 42.9% in the second quarter, bringing its total to 25,000 shares worth approximately $1.46 million.
• Nutrien reported $2.65 earnings per share for the last quarter, exceeding analyst estimates, and announced a quarterly dividend of $0.545, providing a yield of 3.6%.
• Currently, Nutrien has a market cap of $29.06 billion and recent price targets from analysts range from $60.00 to $63.00, with a consensus rating of "Hold."

U S Global Investors Inc. boosted its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 42.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,000 shares of the company's stock after buying an additional 7,500 shares during the quarter. U S Global Investors Inc.'s holdings in Nutrien were worth $1,456,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Louisbourg Investments Inc. boosted its stake in Nutrien by 11.4% during the second quarter. Louisbourg Investments Inc. now owns 117,973 shares of the company's stock worth $6,862,000 after buying an additional 12,067 shares during the period. Trust Co. of Toledo NA OH purchased a new position in Nutrien during the second quarter worth about $49,000. Blue Trust Inc. boosted its stake in Nutrien by 18.8% during the second quarter. Blue Trust Inc. now owns 7,218 shares of the company's stock worth $420,000 after buying an additional 1,140 shares during the period. Cyndeo Wealth Partners LLC boosted its stake in Nutrien by 4.3% during the second quarter. Cyndeo Wealth Partners LLC now owns 148,766 shares of the company's stock worth $8,664,000 after buying an additional 6,174 shares during the period. Finally, IFP Advisors Inc lifted its position in shares of Nutrien by 12.3% during the second quarter. IFP Advisors Inc now owns 52,426 shares of the company's stock worth $3,053,000 after purchasing an additional 5,752 shares in the last quarter. Hedge funds and other institutional investors own 63.10% of the company's stock.

Nutrien Stock Down 2.0%

Shares of NYSE:NTR opened at $59.89 on Friday. The firm's 50 day moving average price is $57.72 and its 200 day moving average price is $57.25. The stock has a market cap of $29.06 billion, a price-to-earnings ratio of 21.46, a price-to-earnings-growth ratio of 0.99 and a beta of 0.82. Nutrien Ltd. has a fifty-two week low of $43.69 and a fifty-two week high of $65.08. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 0.39.

Nutrien (NYSE:NTR - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.24. The firm had revenue of $10.30 billion for 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%. The firm's revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.34 earnings per share. As a group, equities research analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 29th will be issued a $0.545 dividend. The ex-dividend date of this dividend is Monday, September 29th. This represents a $2.18 annualized dividend and a yield of 3.6%. Nutrien's dividend payout ratio (DPR) is 78.14%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Jefferies Financial Group reduced their price target on shares of Nutrien from $61.00 to $60.00 and set a "hold" rating on the stock in a research report on Tuesday, September 9th. Weiss Ratings reissued a "hold (c)" rating on shares of Nutrien in a research report on Wednesday. Wall Street Zen cut shares of Nutrien from a "strong-buy" rating to a "buy" rating in a research report on Friday, September 5th. Scotiabank reduced their price target on shares of Nutrien from $62.00 to $60.00 and set a "sector perform" rating on the stock in a research report on Monday, August 11th. Finally, UBS Group reduced their price target on shares of Nutrien from $64.00 to $63.00 and set a "neutral" rating on the stock in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $62.39.

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.

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