OMERS ADMINISTRATION Corp Acquires New Stake in Nutrien Ltd. $NTR

OMERS ADMINISTRATION Corp acquired a new position in shares of Nutrien Ltd. (NYSE:NTR) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 265,475 shares of the company’s stock, valued at approximately $16,719,000.

A number of other institutional investors have also bought and sold shares of the company. Montag A & Associates Inc. boosted its position in shares of Nutrien by 310.7% during the 4th quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock valued at $26,000 after purchasing an additional 320 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in Nutrien by 1,014.0% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 479 shares of the company’s stock valued at $30,000 after purchasing an additional 436 shares during the period. Global Retirement Partners LLC acquired a new position in shares of Nutrien during the second quarter valued at about $30,000. Evolution Wealth Management Inc. purchased a new position in shares of Nutrien during the first quarter valued at approximately $32,000. Finally, Allied Private Wealth LLC bought a new stake in shares of Nutrien in the 2nd quarter worth $33,000. Institutional investors own 63.10% of the company’s stock.

Nutrien Price Performance

Shares of Nutrien stock opened at $75.36 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.39 and a quick ratio of 0.86. Nutrien Ltd. has a one year low of $53.03 and a one year high of $85.36. The business’s 50 day simple moving average is $66.42 and its two-hundred day simple moving average is $70.43. The stock has a market capitalization of $36.05 billion, a P/E ratio of 15.26, a price-to-earnings-growth ratio of 0.76 and a beta of 0.61.

Nutrien (NYSE:NTR) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $2.61 EPS for the quarter, missing analysts’ consensus estimates of $2.70 by ($0.09). The firm had revenue of $10.81 billion for the quarter, compared to the consensus estimate of $10.44 billion. Nutrien had a net margin of 8.44% and a return on equity of 8.88%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.65 earnings per share. Analysts forecast that Nutrien Ltd. will post 4.95 EPS for the current year.

Nutrien Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Tuesday, September 29th will be given a dividend of $0.55 per share. The ex-dividend date is Tuesday, September 29th. This represents a $2.20 annualized dividend and a dividend yield of 2.9%. Nutrien’s payout ratio is currently 44.53%.

Wall Street Analyst Weigh In

NTR has been the topic of a number of recent analyst reports. Bank of America upgraded Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 price target on the stock in a report on Thursday, April 30th. TD Securities reaffirmed a “buy” rating on shares of Nutrien in a report on Wednesday, May 6th. BNP Paribas Exane upgraded Nutrien from a “neutral” rating to an “outperform” rating and set a $80.00 target price for the company in a research note on Tuesday, July 28th. National Bank Financial reduced their price target on shares of Nutrien from $76.00 to $74.00 and set an “outperform” rating for the company in a research report on Monday, August 10th. Finally, Berenberg Bank set a $65.00 price objective on shares of Nutrien and gave the stock a “hold” rating in a research report on Wednesday, June 10th. Seventeen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently 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.