Teachers Retirement System of The State of Kentucky Has $3.47 Million Stock Holdings in Nutrien Ltd. (NYSE:NTR)

Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 32.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,950 shares of the company’s stock after buying an additional 15,550 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Nutrien were worth $3,473,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of NTR. Cetera Advisors LLC boosted its position in Nutrien by 21.3% during the first quarter. Cetera Advisors LLC now owns 5,897 shares of the company’s stock valued at $321,000 after purchasing an additional 1,036 shares during the last quarter. Virtu Financial LLC acquired a new stake in Nutrien in the first quarter valued at approximately $394,000. Tidal Investments LLC lifted its stake in Nutrien by 17.7% in the first quarter. Tidal Investments LLC now owns 26,115 shares of the company’s stock valued at $1,416,000 after acquiring an additional 3,920 shares during the last quarter. Murchinson Ltd. bought a new stake in Nutrien in the first quarter worth approximately $6,547,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of Nutrien during the 1st quarter worth $2,186,000. 63.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NTR has been the subject of a number of recent research reports. TD Securities decreased their price objective on shares of Nutrien from $69.00 to $67.00 and set a “buy” rating for the company in a report on Thursday. Wells Fargo & Company lowered their price objective on Nutrien from $68.00 to $66.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th. Piper Sandler reduced their target price on Nutrien from $56.00 to $55.00 and set an “underweight” rating for the company in a report on Tuesday, June 11th. UBS Group lowered their price target on Nutrien from $67.00 to $66.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Finally, Berenberg Bank upgraded shares of Nutrien from a “hold” rating to a “buy” rating and lifted their target price for the stock from $60.00 to $66.00 in a report on Monday, April 29th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $65.39.

Nutrien Price Performance

NYSE:NTR traded down $1.97 during trading hours on Friday, reaching $47.92. The company had a trading volume of 2,077,544 shares, compared to its average volume of 1,900,650. The company has a quick ratio of 0.53, a current ratio of 1.15 and a debt-to-equity ratio of 0.36. The stock has a 50-day moving average of $52.11 and a two-hundred day moving average of $52.84. Nutrien Ltd. has a one year low of $47.51 and a one year high of $69.09. The firm has a market capitalization of $23.71 billion, a PE ratio of 28.02, a PEG ratio of 1.65 and a beta of 0.83.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, May 8th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.11. The business had revenue of $5.39 billion during the quarter, compared to analysts’ expectations of $5.38 billion. Nutrien had a net margin of 3.01% and a return on equity of 7.31%. Analysts forecast that Nutrien Ltd. will post 3.78 earnings per share for the current year.

Nutrien Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, June 28th were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 4.51%. The ex-dividend date was Friday, June 28th. Nutrien’s payout ratio is currently 126.32%.

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.