Nutrien Ltd. $NTR Shares Bought by U S Global Investors Inc.

U S Global Investors Inc. grew its stake in shares of Nutrien Ltd. (NYSE:NTR) by 42.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,000 shares of the company’s stock after purchasing an additional 7,500 shares during the quarter. U S Global Investors Inc.’s holdings in Nutrien were worth $1,456,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harbour Investments Inc. raised its holdings in Nutrien by 94.8% during the first quarter. Harbour Investments Inc. now owns 715 shares of the company’s stock worth $35,000 after purchasing an additional 348 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new stake in Nutrien during the second quarter worth approximately $49,000. Allworth Financial LP raised its holdings in Nutrien by 117.1% during the first quarter. Allworth Financial LP now owns 938 shares of the company’s stock worth $50,000 after purchasing an additional 506 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in Nutrien by 1,074.7% during the first 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, GAMMA Investing LLC increased its holdings in shares of Nutrien by 4,866.7% in the 1st quarter. GAMMA Investing LLC now owns 1,043 shares of the company’s stock valued at $52,000 after acquiring an additional 1,022 shares during the period. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Stock Performance

NYSE:NTR opened at $59.89 on Friday. The firm’s fifty day moving average price is $57.72 and its 200 day moving average price is $57.25. Nutrien Ltd. has a 1-year low of $43.69 and a 1-year high of $65.08. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.33 and a quick ratio of 0.85. The firm has a market cap of $29.06 billion, a price-to-earnings ratio of 21.46, a price-to-earnings-growth ratio of 0.99 and a beta of 0.82.

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

Nutrien Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 29th will be given a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Monday, September 29th. Nutrien’s dividend payout ratio (DPR) is 78.14%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NTR. Wall Street Zen cut shares of Nutrien from a “strong-buy” rating to a “buy” rating in a report on Friday, September 5th. Morgan Stanley lifted their target price on shares of Nutrien from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Thursday, June 26th. Zacks Research cut shares of Nutrien from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 16th. Oppenheimer lifted their target price on shares of Nutrien from $63.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, July 15th. Finally, National Bank Financial began coverage on shares of Nutrien in a report on Friday, September 5th. They issued a “sector perform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $62.39.

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.