U S Global Investors Inc. Buys Shares of 17,500 Nutrien Ltd. (NYSE:NTR)

U S Global Investors Inc. acquired a new position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 17,500 shares of the company's stock, valued at approximately $869,000.

Several other large investors have also made changes to their positions in the company. Rhumbline Advisers increased its position in Nutrien by 3.5% during the 4th quarter. Rhumbline Advisers now owns 7,398 shares of the company's stock worth $331,000 after purchasing an additional 247 shares in the last quarter. Principal Securities Inc. grew its stake in Nutrien by 138.1% during the fourth quarter. Principal Securities Inc. now owns 931 shares of the company's stock worth $42,000 after buying an additional 540 shares during the period. Bank of New York Mellon Corp increased its position in shares of Nutrien by 6.9% in the fourth quarter. Bank of New York Mellon Corp now owns 456,868 shares of the company's stock worth $20,445,000 after acquiring an additional 29,468 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in shares of Nutrien by 3.8% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 86,386 shares of the company's stock valued at $3,863,000 after acquiring an additional 3,200 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its holdings in shares of Nutrien by 300.7% during the 4th quarter. Oppenheimer & Co. Inc. now owns 26,885 shares of the company's stock valued at $1,203,000 after acquiring an additional 20,175 shares in the last quarter. 63.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NTR has been the subject of several recent research reports. TD Securities increased their price target on Nutrien from $64.00 to $67.00 and gave the company a "buy" rating in a report on Monday, May 12th. BNP Paribas upgraded Nutrien to a "strong-buy" rating in a research note on Wednesday, April 9th. The Goldman Sachs Group raised their target price on Nutrien from $53.00 to $59.00 and gave the company a "sell" rating in a report on Friday, May 9th. Royal Bank Of Canada upped their price target on Nutrien from $60.00 to $65.00 and gave the stock an "outperform" rating in a report on Monday, May 12th. Finally, Bank of America lifted their price objective on shares of Nutrien from $60.00 to $63.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Nutrien has an average rating of "Hold" and a consensus target price of $62.12.

Nutrien Stock Up 0.5%

NYSE NTR traded up $0.30 during trading hours on Tuesday, reaching $58.54. 1,064,786 shares of the company traded hands, compared to its average volume of 2,197,598. The stock has a market capitalization of $28.51 billion, a PE ratio of 54.71, a PEG ratio of 1.10 and a beta of 0.81. The company has a current ratio of 1.22, a quick ratio of 0.59 and a debt-to-equity ratio of 0.41. Nutrien Ltd. has a 12 month low of $43.70 and a 12 month high of $65.08. The company has a 50 day moving average of $58.45 and a two-hundred day moving average of $52.98.

Nutrien (NYSE:NTR - Get Free Report) last issued its earnings results 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 during the quarter, compared to analyst estimates of $5.16 billion. Nutrien had a net margin of 2.05% and a return on equity of 6.08%. The business's revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.46 EPS. As a group, equities analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 30th will be given a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 3.72%. The ex-dividend date is Monday, June 30th. Nutrien's dividend payout ratio is currently 203.74%.

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.