Maryland State Retirement & Pension System Buys 9,912 Shares of Nutrien Ltd. $NTR

Maryland State Retirement & Pension System grew its stake in shares of Nutrien Ltd. (NYSE:NTR) by 9.0% during the second quarter, Holdings Channel reports. The institutional investor owned 120,250 shares of the company’s stock after purchasing an additional 9,912 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Nutrien were worth $7,012,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of NTR. GAMMA Investing LLC grew its stake in shares of Nutrien by 4,866.7% during the first quarter. GAMMA Investing LLC now owns 1,043 shares of the company’s stock valued at $52,000 after buying an additional 1,022 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Nutrien by 27.6% during the first quarter. Farther Finance Advisors LLC now owns 4,627 shares of the company’s stock valued at $229,000 after buying an additional 1,002 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Nutrien by 135.1% during the first quarter. SG Americas Securities LLC now owns 39,651 shares of the company’s stock valued at $1,969,000 after buying an additional 22,782 shares during the last quarter. CVA Family Office LLC grew its stake in shares of Nutrien by 97.8% during the first quarter. CVA Family Office LLC now owns 2,022 shares of the company’s stock valued at $100,000 after buying an additional 1,000 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Nutrien by 184.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,243 shares of the company’s stock valued at $608,000 after buying an additional 7,934 shares during the last quarter. 63.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on NTR shares. Oppenheimer raised their price objective on Nutrien from $63.00 to $65.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. 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 report on Monday, August 11th. Scotiabank dropped their target price on shares of Nutrien from $62.00 to $60.00 and set a “sector perform” rating for the company in a report on Monday, August 11th. National Bank Financial assumed coverage on shares of Nutrien in a report on Friday, September 5th. They set a “sector perform” rating for the company. Finally, Raymond James Financial lowered shares of Nutrien from an “outperform” rating to a “market perform” rating and set a $68.00 target price for the company. in a report on Tuesday, June 17th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $62.39.

Nutrien Price Performance

NTR stock opened at $60.42 on Thursday. Nutrien Ltd. has a 1 year low of $43.69 and a 1 year high of $65.08. The company has a market cap of $29.32 billion, a P/E ratio of 21.66, a PEG ratio of 0.99 and a beta of 0.82. The firm has a 50-day moving average of $57.66 and a 200 day moving average of $57.12. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.33 and a quick ratio of 0.85.

Nutrien (NYSE:NTR) last released its quarterly earnings results on Wednesday, August 6th. The company reported $2.65 earnings per share (EPS) for the quarter, topping 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 company had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.40 billion. During the same period in the prior year, the firm earned $2.34 earnings per share. Nutrien’s revenue was up 2.8% on a year-over-year basis. On average, sell-side analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Dividend Announcement

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

About Nutrien

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.