OMERS ADMINISTRATION Corp Grows Stock Holdings in Nutrien Ltd. $NTR

OMERS ADMINISTRATION Corp grew its holdings in shares of Nutrien Ltd. (NYSE:NTRFree Report) by 5,891.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,240,184 shares of the company’s stock after acquiring an additional 1,219,484 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Nutrien were worth $76,650,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Nutrien by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 22,463,277 shares of the company’s stock valued at $1,386,546,000 after purchasing an additional 479,834 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Nutrien by 19.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 14,221,381 shares of the company’s stock valued at $834,962,000 after purchasing an additional 2,276,651 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of Nutrien by 0.5% during 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 purchasing an additional 70,068 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Nutrien by 2.0% during the fourth quarter. Deutsche Bank AG now owns 9,798,196 shares of the company’s stock valued at $604,745,000 after purchasing an additional 189,683 shares during the last quarter. Finally, TD Asset Management Inc lifted its holdings in shares of Nutrien by 21.2% during the fourth quarter. TD Asset Management Inc now owns 8,928,534 shares of the company’s stock valued at $551,821,000 after purchasing an additional 1,559,673 shares during the last quarter. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Nutrien Price Performance

Shares of NYSE NTR opened at $66.15 on Tuesday. Nutrien Ltd. has a twelve month low of $53.03 and a twelve month high of $85.36. The firm has a market cap of $31.70 billion, a P/E ratio of 13.47, a PEG ratio of 0.62 and a beta of 0.60. The company has a 50 day moving average of $71.16 and a 200 day moving average of $69.32. The company has a quick ratio of 0.59, a current ratio of 1.24 and a debt-to-equity ratio of 0.35.

Nutrien (NYSE:NTRGet Free Report) last announced its quarterly earnings data 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. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. The company had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.30 billion. During the same period in the previous year, the business earned $0.11 EPS. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. As a group, research analysts expect that Nutrien Ltd. will post 5.45 EPS for the current fiscal year.

Nutrien Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Tuesday, June 30th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, June 30th. Nutrien’s payout ratio is 44.81%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on NTR shares. Wall Street Zen lowered shares of Nutrien from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. BMO Capital Markets lifted their target price on shares of Nutrien from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, March 18th. Royal Bank Of Canada lifted their target price on shares of Nutrien from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Tuesday, April 7th. Scotiabank boosted their price objective on shares of Nutrien from $75.00 to $80.00 and gave the stock a “sector perform” rating in a report on Monday, May 11th. Finally, Zacks Research lowered shares of Nutrien from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Eleven analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Nutrien currently has an average rating of “Moderate Buy” and a consensus price target of $81.71.

Check Out Our Latest Stock Analysis on Nutrien

About Nutrien

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

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