OMERS ADMINISTRATION Corp Reduces Holdings in Nutrien Ltd. $NTR

OMERS ADMINISTRATION Corp lessened its stake in shares of Nutrien Ltd. (NYSE:NTR) by 97.2% during the 1st quarter, Holdings Channel reports. The firm owned 35,284 shares of the company’s stock after selling 1,204,900 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Nutrien were worth $2,655,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Montag A & Associates Inc. grew its holdings in shares of Nutrien by 310.7% during the fourth quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock valued at $26,000 after buying an additional 320 shares during the last quarter. Evolution Wealth Management Inc. acquired a new position in shares of Nutrien in the first quarter valued at about $32,000. Sfam LLC purchased a new position in shares of Nutrien in the fourth quarter worth about $37,000. Eastern Bank boosted its position in Nutrien by 133.0% in the fourth quarter. Eastern Bank now owns 699 shares of the company’s stock valued at $43,000 after buying an additional 399 shares during the last quarter. Finally, Harbour Investments Inc. increased its holdings in Nutrien by 97.2% in the 4th quarter. Harbour Investments Inc. now owns 704 shares of the company’s stock worth $43,000 after buying an additional 347 shares during the period. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Trading Up 3.2%

Shares of Nutrien stock opened at $69.52 on Wednesday. The firm has a 50-day simple moving average of $66.40 and a two-hundred day simple moving average of $70.21. The company has a market cap of $33.26 billion, a P/E ratio of 14.16, a price-to-earnings-growth ratio of 0.66 and a beta of 0.62. Nutrien Ltd. has a fifty-two week low of $53.03 and a fifty-two week high of $85.36. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 1.24.

Nutrien (NYSE:NTR) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The company had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.30 billion. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.Nutrien’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.11 EPS. As a group, equities analysts predict that Nutrien Ltd. will post 5.08 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Tuesday, June 30th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Tuesday, June 30th. Nutrien’s payout ratio is presently 44.81%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Raymond James Financial raised shares of Nutrien from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $74.00 to $90.00 in a report on Tuesday, May 5th. Scotia upgraded shares of Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 target price for the company in a research report on Tuesday, June 30th. Wall Street Zen lowered shares of Nutrien from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. UBS Group reduced their price objective on Nutrien from $67.00 to $65.00 and set a “sell” rating for the company in a research note on Monday, May 11th. Finally, Bank of America upgraded Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 target price on the stock in a research note on Thursday, April 30th. Sixteen investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Nutrien currently has an average rating of “Moderate Buy” and an average target price of $81.84.

Nutrien Company Profile

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.