Public Employees Retirement System of Ohio Makes New Investment in Nutrien Ltd. $NTR

Public Employees Retirement System of Ohio acquired a new stake in shares of Nutrien Ltd. (NYSE:NTR) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 108,471 shares of the company’s stock, valued at approximately $6,822,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP increased its stake in Nutrien by 440.2% in the 4th quarter. Wellington Management Group LLP now owns 16,338,606 shares of the company’s stock worth $1,008,713,000 after buying an additional 13,313,817 shares in the last quarter. First Eagle Investment Management LLC lifted its position in shares of Nutrien by 0.5% in the fourth quarter. First Eagle Investment Management LLC now owns 13,307,283 shares of the company’s stock valued at $821,326,000 after acquiring an additional 70,068 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Nutrien by 2.0% in the fourth quarter. Deutsche Bank AG now owns 9,798,196 shares of the company’s stock valued at $604,745,000 after acquiring an additional 189,683 shares in the last quarter. TD Asset Management Inc boosted its stake in shares of Nutrien by 21.2% in the fourth quarter. TD Asset Management Inc now owns 8,928,534 shares of the company’s stock worth $551,821,000 after acquiring an additional 1,559,673 shares during the period. Finally, Mackenzie Financial Corp boosted its stake in shares of Nutrien by 4.4% in the fourth quarter. Mackenzie Financial Corp now owns 7,219,733 shares of the company’s stock worth $450,310,000 after acquiring an additional 305,458 shares during the period. 63.10% of the stock is currently owned by institutional investors.

Nutrien Stock Up 2.7%

Shares of NTR opened at $77.55 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.39 and a quick ratio of 0.86. The stock has a market capitalization of $37.01 billion, a price-to-earnings ratio of 15.70, a price-to-earnings-growth ratio of 0.80 and a beta of 0.62. Nutrien Ltd. has a 1 year low of $53.03 and a 1 year high of $85.36. The business’s 50 day simple moving average is $67.92 and its 200-day simple moving average is $70.63.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, August 5th. The company reported $2.61 earnings per share for the quarter, missing analysts’ consensus estimates of $2.70 by ($0.09). Nutrien had a net margin of 8.44% and a return on equity of 8.88%. The business had revenue of $10.81 billion during the quarter, compared to analysts’ expectations of $10.44 billion. During the same period last year, the business posted $2.65 earnings per share. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, equities analysts expect that Nutrien Ltd. will post 4.71 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Tuesday, September 29th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 29th. Nutrien’s dividend payout ratio (DPR) is presently 44.53%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Barclays lowered their price target on Nutrien from $81.00 to $78.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. JPMorgan Chase & Co. increased their price objective on shares of Nutrien from $78.00 to $80.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Berenberg Bank set a $65.00 price objective on shares of Nutrien and gave the company a “hold” rating in a research report on Wednesday, June 10th. Oppenheimer lowered their target price on shares of Nutrien from $82.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday, July 23rd. Finally, Weiss Ratings upgraded shares of Nutrien from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. Seventeen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $81.58.

Nutrien 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.