Mengis Capital Management Inc. Trims Stock Holdings in Nutrien Ltd. $NTR

Mengis Capital Management Inc. lowered its position in Nutrien Ltd. (NYSE:NTR) by 4.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,450 shares of the company’s stock after selling 1,100 shares during the quarter. Mengis Capital Management Inc.’s holdings in Nutrien were worth $1,424,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NTR. Harbour Investments Inc. lifted its stake in Nutrien by 94.8% in the first quarter. Harbour Investments Inc. now owns 715 shares of the company’s stock valued at $35,000 after buying an additional 348 shares during the last quarter. Allworth Financial LP lifted its stake in Nutrien by 117.1% in the first quarter. Allworth Financial LP now owns 938 shares of the company’s stock valued at $50,000 after buying an additional 506 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in Nutrien by 1,074.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,022 shares of the company’s stock valued at $51,000 after buying an additional 935 shares during the last quarter. GAMMA Investing LLC raised 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 worth $52,000 after purchasing an additional 1,022 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in shares of Nutrien during the first quarter worth approximately $54,000. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Trading Up 1.2%

Shares of NTR stock opened at $61.18 on Friday. The business’s fifty day moving average price is $57.70 and its 200 day moving average price is $57.18. Nutrien Ltd. has a 1-year low of $43.69 and a 1-year high of $65.08. The firm has a market capitalization of $29.68 billion, a PE ratio of 21.93, a P/E/G ratio of 0.98 and a beta of 0.82. 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 announced its quarterly earnings data on Wednesday, August 6th. The company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.41 by $0.24. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The firm had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.40 billion. During the same quarter in the prior year, the company posted $2.34 earnings per share. Nutrien’s quarterly revenue was up 2.8% on a year-over-year basis. As a group, sell-side analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Announces Dividend

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

Analysts Set New Price Targets

Several research firms have recently commented on NTR. National Bank Financial began coverage on Nutrien in a research note on Friday, September 5th. They set a “sector perform” rating for the company. Wells Fargo & Company upped their price target on Nutrien from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 17th. Weiss Ratings restated a “hold (c)” rating on shares of Nutrien in a research note on Wednesday. National Bankshares began coverage on Nutrien in a research note on Friday, September 5th. They set a “sector perform” rating and a $64.00 price target for the company. Finally, Scotiabank cut their price target on Nutrien from $62.00 to $60.00 and set a “sector perform” rating for the company in a research note on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average 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.