CWA Asset Management Group LLC Acquires 10,091 Shares of Nutrien Ltd. $NTR

CWA Asset Management Group LLC increased its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 87.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,593 shares of the company’s stock after purchasing an additional 10,091 shares during the quarter. CWA Asset Management Group LLC’s holdings in Nutrien were worth $1,333,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NTR. Root Financial Partners LLC purchased a new stake in Nutrien during the 3rd quarter valued at approximately $37,000. Geneos Wealth Management Inc. lifted its holdings in shares of Nutrien by 42.4% in the second quarter. Geneos Wealth Management Inc. now owns 735 shares of the company’s stock worth $43,000 after buying an additional 219 shares in the last quarter. Fulcrum Asset Management LLP purchased a new position in shares of Nutrien in the third quarter worth $46,000. Bessemer Group Inc. boosted its position in shares of Nutrien by 27.7% during the third quarter. Bessemer Group Inc. now owns 937 shares of the company’s stock worth $55,000 after acquiring an additional 203 shares during the last quarter. Finally, AlphaCore Capital LLC bought a new position in shares of Nutrien during the second quarter worth $56,000. Institutional investors own 63.10% of the company’s stock.

Nutrien Trading Down 1.7%

Shares of NTR opened at $74.77 on Monday. The stock has a market capitalization of $35.97 billion, a PE ratio of 16.05 and a beta of 0.70. The company’s fifty day moving average is $71.89 and its 200 day moving average is $63.36. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 1.34. Nutrien Ltd. has a fifty-two week low of $45.78 and a fifty-two week high of $85.36.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, February 18th. The company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.04). Nutrien had a net margin of 8.43% and a return on equity of 8.41%. The business had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $5.26 billion. During the same quarter last year, the business earned $0.31 EPS. Nutrien’s revenue for the quarter was up 5.1% compared to the same quarter last year. Sell-side analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Investors of record on Tuesday, March 31st will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from Nutrien’s previous quarterly dividend of $0.55. Nutrien’s payout ratio is 46.78%.

Analysts Set New Price Targets

A number of analysts have issued reports on NTR shares. Bank of America lifted their price target on shares of Nutrien from $75.00 to $81.00 and gave the company a “neutral” rating in a report on Wednesday, March 18th. Raymond James Financial increased their price objective on shares of Nutrien from $68.00 to $74.00 and gave the company a “market perform” rating in a report on Friday, February 20th. Weiss Ratings upgraded Nutrien from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Oppenheimer lifted their target price on Nutrien from $76.00 to $78.00 and gave the stock an “outperform” rating in a report on Thursday, February 26th. Finally, TD Securities boosted their target price on Nutrien from $80.00 to $81.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Eleven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $77.11.

Nutrien Company Profile

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.