U S Global Investors Inc. Invests $869,000 in Nutrien Ltd. (NYSE:NTR)

U S Global Investors Inc. purchased a new stake in Nutrien Ltd. (NYSE:NTR - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 17,500 shares of the company's stock, valued at approximately $869,000.

A number of other hedge funds and other institutional investors have also modified their holdings of NTR. Rhumbline Advisers increased its holdings in shares of Nutrien by 3.5% in the fourth quarter. Rhumbline Advisers now owns 7,398 shares of the company's stock valued at $331,000 after purchasing an additional 247 shares in the last quarter. Principal Securities Inc. boosted its stake in Nutrien by 138.1% in the fourth quarter. Principal Securities Inc. now owns 931 shares of the company's stock valued at $42,000 after acquiring an additional 540 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Nutrien by 6.9% in the fourth quarter. Bank of New York Mellon Corp now owns 456,868 shares of the company's stock valued at $20,445,000 after acquiring an additional 29,468 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in Nutrien by 3.8% in the fourth 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 last quarter. Finally, Oppenheimer & Co. Inc. boosted its stake in Nutrien by 300.7% in the fourth 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 during the last quarter. Institutional investors and hedge funds own 63.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on NTR shares. Wells Fargo & Company raised their price objective on shares of Nutrien from $56.00 to $59.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. Royal Bank Of Canada raised their price objective on shares of Nutrien from $60.00 to $65.00 and gave the company an "outperform" rating in a research note on Monday, May 12th. Oppenheimer raised their price objective on shares of Nutrien from $58.00 to $63.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th. TD Securities raised their price objective on shares of Nutrien from $64.00 to $67.00 and gave the company a "buy" rating in a research note on Monday, May 12th. Finally, Berenberg Bank raised their price objective on shares of Nutrien from $54.00 to $59.00 and gave the company a "buy" rating in a research note on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $62.12.

Nutrien Stock Up 0.0%

NTR traded up $0.02 during trading on Friday, hitting $58.07. The company had a trading volume of 4,120,758 shares, compared to its average volume of 2,199,505. The company has a market capitalization of $28.28 billion, a PE ratio of 54.27, a PEG ratio of 1.10 and a beta of 0.81. Nutrien Ltd. has a one year low of $43.70 and a one year high of $65.08. The firm's 50-day moving average price is $58.33 and its 200 day moving average price is $52.88. The company has a quick ratio of 0.59, a current ratio of 1.22 and a debt-to-equity ratio of 0.41.

Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.24). The company had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $5.16 billion. Nutrien had a net margin of 2.05% and a return on equity of 6.08%. The company's revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.46 earnings per share. 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 disclosed 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. The ex-dividend date is Monday, June 30th. This represents a $2.18 annualized dividend and a dividend yield of 3.75%. Nutrien's dividend payout ratio is presently 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.