Nutrien Ltd. $NTR Position Increased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC increased its stake in Nutrien Ltd. (NYSE:NTR) by 65.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 159,680 shares of the company’s stock after purchasing an additional 62,960 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Nutrien were worth $9,856,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in NTR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Nutrien by 65.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,224 shares of the company’s stock worth $1,253,000 after purchasing an additional 9,950 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Nutrien by 6.2% in the 1st quarter. NewEdge Advisors LLC now owns 6,907 shares of the company’s stock worth $343,000 after purchasing an additional 404 shares during the last quarter. Focus Partners Wealth bought a new stake in shares of Nutrien in the 1st quarter worth approximately $516,000. Acadian Asset Management LLC bought a new stake in shares of Nutrien in the 1st quarter worth approximately $54,000. Finally, Prudential Financial Inc. bought a new stake in shares of Nutrien in the 2nd quarter worth approximately $203,000. Institutional investors own 63.10% of the company’s stock.

Nutrien Stock Down 2.0%

Shares of Nutrien stock opened at $65.05 on Thursday. The business’s fifty day moving average price is $71.68 and its two-hundred day moving average price is $69.11. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.24 and a quick ratio of 0.59. The company has a market capitalization of $31.23 billion, a P/E ratio of 13.25, a PEG ratio of 0.61 and a beta of 0.60. Nutrien Ltd. has a 1-year low of $53.03 and a 1-year high of $85.36.

Nutrien (NYSE:NTR) last announced its earnings results 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 firm had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.30 billion. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 EPS. As a group, research analysts forecast that Nutrien Ltd. will post 5.45 EPS for the current year.

Nutrien Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, June 30th. Nutrien’s payout ratio is currently 44.81%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on NTR shares. Weiss Ratings raised Nutrien from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 1st. Jefferies Financial Group raised Nutrien from a “hold” rating to a “buy” rating and lifted their target price for the company from $74.00 to $96.00 in a research note on Thursday, March 12th. Raymond James Financial raised Nutrien from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $74.00 to $90.00 in a research note on Tuesday, May 5th. Bank of America raised 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. Finally, JPMorgan Chase & Co. lifted their target price on Nutrien from $78.00 to $80.00 and gave the company 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 assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $81.71.

About Nutrien

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.