Nutrien Ltd. $NTR Stake Increased by Moerus Capital Management LLC

Moerus Capital Management LLC boosted its position in Nutrien Ltd. (NYSE:NTR) by 15.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 599,236 shares of the company’s stock after purchasing an additional 79,447 shares during the period. Nutrien makes up approximately 16.7% of Moerus Capital Management LLC’s investment portfolio, making the stock its 2nd biggest holding. Moerus Capital Management LLC’s holdings in Nutrien were worth $45,218,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of NTR. Guggenheim Capital LLC raised its holdings in shares of Nutrien by 2.2% in the fourth quarter. Guggenheim Capital LLC now owns 6,628 shares of the company’s stock worth $409,000 after buying an additional 145 shares during the period. Minot DeBlois Advisors LLC grew its position in Nutrien by 1.8% in the 4th quarter. Minot DeBlois Advisors LLC now owns 9,032 shares of the company’s stock valued at $557,000 after acquiring an additional 164 shares during the last quarter. Banque Cantonale Vaudoise increased its stake in Nutrien by 15.9% in the first quarter. Banque Cantonale Vaudoise now owns 1,198 shares of the company’s stock worth $90,000 after purchasing an additional 164 shares during the period. Gould Asset Management LLC CA lifted its position in shares of Nutrien by 4.4% during the first quarter. Gould Asset Management LLC CA now owns 3,933 shares of the company’s stock worth $297,000 after purchasing an additional 165 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Nutrien by 21.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 983 shares of the company’s stock valued at $61,000 after purchasing an additional 176 shares during the period. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Trading Up 0.1%

Shares of NYSE:NTR opened at $68.56 on Friday. The company has a market capitalization of $32.80 billion, a PE ratio of 13.96, a P/E/G ratio of 0.67 and a beta of 0.62. The company has a current ratio of 1.24, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. Nutrien Ltd. has a 12-month low of $53.03 and a 12-month high of $85.36. The business’s fifty day simple moving average is $66.59 and its 200-day simple moving average is $70.05.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The company had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.30 billion. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.11 earnings per share. As a group, equities research analysts predict that Nutrien Ltd. will post 5.11 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th were given a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.2%. Nutrien’s payout ratio is presently 44.81%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Bank of America raised shares of Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 price target on the stock in a research note on Thursday, April 30th. Oppenheimer reduced their target price on shares of Nutrien from $82.00 to $80.00 and set an “outperform” rating on the stock in a research report on Thursday. National Bank Financial set a $76.00 price target on Nutrien and gave the company an “outperform” rating in a report on Monday, July 13th. Raymond James Financial upgraded Nutrien from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $74.00 to $90.00 in a report on Tuesday, May 5th. Finally, Wall Street Zen downgraded Nutrien from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Fourteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $81.89.

About Nutrien

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.