4,928 Shares in Nutrien Ltd. $NTR Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. bought a new position in shares of Nutrien Ltd. (NYSE:NTR) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,928 shares of the company’s stock, valued at approximately $287,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NTR. Harbour Investments Inc. grew its holdings in Nutrien by 94.8% in the 1st quarter. Harbour Investments Inc. now owns 715 shares of the company’s stock valued at $35,000 after buying an additional 348 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new position in Nutrien in the 2nd quarter valued at $49,000. Allworth Financial LP grew its holdings in Nutrien by 117.1% in the 1st quarter. Allworth Financial LP now owns 938 shares of the company’s stock valued at $50,000 after buying an additional 506 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of Nutrien by 1,074.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,022 shares of the company’s stock worth $51,000 after purchasing an additional 935 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of Nutrien during the 1st quarter worth approximately $54,000. 63.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NTR has been the topic of a number of analyst reports. Barclays increased their target price on shares of Nutrien from $61.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Monday, July 7th. TD Securities increased their target price on shares of Nutrien from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, August 11th. Wells Fargo & Company reissued a “cautious” rating on shares of Nutrien in a report on Thursday, October 16th. National Bankshares initiated coverage on Nutrien in a report on Friday, September 5th. They set a “sector perform” rating and a $64.00 target price on the stock. Finally, Jefferies Financial Group reduced their target price on Nutrien from $61.00 to $60.00 and set a “hold” rating on the stock in a report on Tuesday, September 9th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Nutrien currently has an average rating of “Hold” and an average target price of $62.78.

Nutrien Stock Performance

NTR opened at $54.48 on Monday. The business’s fifty day moving average is $57.72 and its 200-day moving average is $58.19. The firm has a market cap of $26.39 billion, a P/E ratio of 19.53, a price-to-earnings-growth ratio of 0.92 and a beta of 0.82. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.85 and a current ratio of 1.33. Nutrien Ltd. has a 52-week low of $43.69 and a 52-week high of $65.08.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, August 6th. The company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.24. The business had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.40 billion. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.Nutrien’s revenue was up 2.8% compared to the same quarter last year. During the same period last year, the firm posted $2.34 earnings per share. Sell-side analysts expect that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Monday, September 29th were paid a $0.545 dividend. The ex-dividend date of this dividend was Monday, September 29th. This represents a $2.18 annualized dividend and a yield of 4.0%. Nutrien’s dividend payout ratio (DPR) is 78.14%.

Nutrien Profile

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.