Oppenheimer & Co. Inc. Raises Stake in Nutrien Ltd. (NYSE:NTR)

Oppenheimer & Co. Inc. lifted its position in shares of Nutrien Ltd. (NYSE:NTR) by 300.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 26,885 shares of the company’s stock after purchasing an additional 20,175 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Nutrien were worth $1,203,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of NTR. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Nutrien during the 3rd quarter worth about $150,181,000. ARGA Investment Management LP lifted its position in Nutrien by 25.7% during the 4th quarter. ARGA Investment Management LP now owns 6,043,590 shares of the company’s stock worth $270,396,000 after acquiring an additional 1,236,671 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its position in Nutrien by 78.8% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,495,282 shares of the company’s stock worth $121,271,000 after acquiring an additional 1,100,000 shares in the last quarter. Silchester International Investors LLP lifted its position in Nutrien by 9.5% during the 4th quarter. Silchester International Investors LLP now owns 11,693,137 shares of the company’s stock worth $523,268,000 after acquiring an additional 1,009,895 shares in the last quarter. Finally, Toronto Dominion Bank lifted its position in Nutrien by 11.9% during the 3rd quarter. Toronto Dominion Bank now owns 4,220,354 shares of the company’s stock worth $202,830,000 after acquiring an additional 447,413 shares in the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. UBS Group boosted their price target on Nutrien from $53.00 to $54.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Piper Sandler boosted their price target on Nutrien from $58.00 to $63.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. CIBC boosted their price target on Nutrien from $64.00 to $66.00 and gave the stock an “outperformer” rating in a research report on Tuesday, February 25th. Oppenheimer assumed coverage on Nutrien in a research report on Thursday, December 12th. They set an “outperform” rating and a $60.00 price target on the stock. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $60.00 price target on shares of Nutrien in a research report on Monday, February 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.76.

Nutrien Stock Performance

NTR stock opened at $48.51 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. The firm has a market cap of $23.73 billion, a P/E ratio of 35.41, a P/E/G ratio of 1.19 and a beta of 0.81. Nutrien Ltd. has a 12-month low of $43.70 and a 12-month high of $60.87. The stock’s 50 day simple moving average is $50.33 and its 200 day simple moving average is $48.52.

Nutrien (NYSE:NTR) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.09). The firm had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. As a group, equities research analysts predict that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be paid a dividend of $0.545 per share. The ex-dividend date is Monday, March 31st. This represents a $2.18 dividend on an annualized basis and a yield of 4.49%. Nutrien’s payout ratio is currently 159.12%.

Nutrien Company 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.