Nutrien Ltd. $NTR Shares Bought by Moerus Capital Management LLC

Moerus Capital Management LLC grew its position in Nutrien Ltd. (NYSE:NTR) by 5.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 595,621 shares of the company’s stock after purchasing an additional 29,665 shares during the period. Nutrien makes up 14.2% of Moerus Capital Management LLC’s holdings, making the stock its 3rd largest position. Moerus Capital Management LLC owned approximately 0.12% of Nutrien worth $34,969,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Nutrien by 65.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,224 shares of the company’s stock valued at $1,253,000 after buying an additional 9,950 shares during the last quarter. NewEdge Advisors LLC raised its position in Nutrien by 6.2% during the 1st quarter. NewEdge Advisors LLC now owns 6,907 shares of the company’s stock worth $343,000 after buying an additional 404 shares during the last quarter. Focus Partners Wealth purchased a new position in Nutrien during the 1st quarter worth approximately $516,000. Acadian Asset Management LLC acquired a new stake in Nutrien during the 1st quarter valued at approximately $54,000. Finally, Huntington National Bank lifted its stake in Nutrien by 72.6% during the 2nd quarter. Huntington National Bank now owns 656 shares of the company’s stock valued at $38,000 after acquiring an additional 276 shares during the period. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Nutrien Trading Up 2.5%

Shares of Nutrien stock opened at $76.26 on Monday. The firm has a 50-day simple moving average of $68.48 and a two-hundred day simple moving average of $61.91. 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 $78.00. The company has a market cap of $36.69 billion, a P/E ratio of 16.36 and a beta of 0.70.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, February 18th. The company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $5.26 billion. During the same quarter last year, the business earned $0.31 earnings per share. Nutrien’s revenue was up 5.1% on a year-over-year basis. As a group, equities analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Increases Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on NTR shares. Weiss Ratings upgraded shares of Nutrien from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Wells Fargo & Company boosted their target price on shares of Nutrien from $64.00 to $77.00 and gave the company an “equal weight” rating in a research report on Friday, February 20th. BNP Paribas Exane lowered shares of Nutrien from an “outperform” rating to a “neutral” rating in a report on Monday, February 23rd. UBS Group increased their price target on Nutrien from $58.00 to $63.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. Finally, Bank of America lifted their price objective on Nutrien from $64.00 to $71.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Eight research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $72.82.

Nutrien 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.