OMERS ADMINISTRATION Corp Buys 1,219,484 Shares of Nutrien Ltd. $NTR

OMERS ADMINISTRATION Corp grew its stake in shares of Nutrien Ltd. (NYSE:NTR) by 5,891.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,240,184 shares of the company’s stock after buying an additional 1,219,484 shares during the quarter. OMERS ADMINISTRATION Corp owned 0.26% of Nutrien worth $76,650,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Montag A & Associates Inc. grew its stake 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. Sfam LLC bought a new position in shares of Nutrien during the fourth quarter valued at about $37,000. Eastern Bank grew its stake in shares of Nutrien by 133.0% in the fourth quarter. Eastern Bank now owns 699 shares of the company’s stock worth $43,000 after purchasing an additional 399 shares during the last quarter. Harbour Investments Inc. grew its stake in shares of Nutrien by 97.2% in the fourth quarter. Harbour Investments Inc. now owns 704 shares of the company’s stock worth $43,000 after purchasing an additional 347 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in shares of Nutrien by 42.4% in the second quarter. Geneos Wealth Management Inc. now owns 735 shares of the company’s stock worth $43,000 after purchasing an additional 219 shares during the last quarter. 63.10% of the stock is owned by institutional investors.

Nutrien Stock Performance

Nutrien stock opened at $66.15 on Tuesday. The stock’s 50 day simple moving average is $71.16 and its two-hundred day simple moving average is $69.32. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 1.24. The stock has a market cap of $31.70 billion, a price-to-earnings ratio of 13.47, a PEG ratio of 0.62 and a beta of 0.60. Nutrien Ltd. has a fifty-two week low of $53.03 and a fifty-two week high of $85.36.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. The business had revenue of $6.05 billion for 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%.The business’s revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.11 EPS. As a group, analysts expect that Nutrien Ltd. will post 5.45 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. BNP Paribas Exane cut Nutrien from an “outperform” rating to a “neutral” rating in a research note on Monday, February 23rd. Royal Bank Of Canada raised their target price on Nutrien from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 7th. TD Securities reissued a “buy” rating on shares of Nutrien in a research note on Wednesday, May 6th. Zacks Research cut Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. Finally, JPMorgan Chase & Co. raised their target price on Nutrien from $78.00 to $80.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Eleven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $81.71.

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.