Nutrien Ltd. $NTR Stock Holdings Lifted by Moerus Capital Management LLC

Moerus Capital Management LLC boosted its stake in Nutrien Ltd. (NYSE:NTR) by 5.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 595,621 shares of the company’s stock after acquiring an additional 29,665 shares during the quarter. Nutrien accounts for about 14.2% of Moerus Capital Management LLC’s portfolio, making the stock its 3rd biggest holding. Moerus Capital Management LLC’s holdings in Nutrien were worth $34,969,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in NTR. Smith Moore & CO. lifted its holdings in Nutrien by 2.2% during the third quarter. Smith Moore & CO. now owns 7,642 shares of the company’s stock valued at $449,000 after purchasing an additional 168 shares in the last quarter. Cascade Investment Advisors Inc. increased its stake in shares of Nutrien by 0.6% during the third quarter. Cascade Investment Advisors Inc. now owns 30,855 shares of the company’s stock worth $1,811,000 after purchasing an additional 185 shares in the last quarter. Legacy Wealth Asset Management LLC raised its position in shares of Nutrien by 1.9% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 10,535 shares of the company’s stock worth $619,000 after purchasing an additional 193 shares during the last quarter. AMG National Trust Bank raised its position in shares of Nutrien by 4.0% during the 3rd quarter. AMG National Trust Bank now owns 4,986 shares of the company’s stock worth $293,000 after purchasing an additional 193 shares during the last quarter. Finally, Mitchell & Pahl Private Wealth LLC lifted its stake in Nutrien by 1.5% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 13,146 shares of the company’s stock valued at $772,000 after buying an additional 200 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on NTR. Morgan Stanley upgraded Nutrien from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $70.00 to $77.00 in a report on Wednesday, January 14th. Barclays increased their target price on Nutrien from $70.00 to $80.00 and gave the company an “equal weight” rating in a report on Tuesday, March 3rd. Weiss Ratings raised Nutrien from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. JPMorgan Chase & Co. boosted their price target on Nutrien from $68.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, February 20th. Finally, Wall Street Zen downgraded Nutrien from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Eight equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $72.82.

Nutrien Trading Up 2.5%

Shares of NTR opened at $76.26 on Monday. Nutrien Ltd. has a 12-month low of $45.78 and a 12-month high of $78.00. The firm has a market capitalization of $36.69 billion, a P/E ratio of 16.36 and a beta of 0.70. The firm has a 50-day moving average price of $68.48 and a 200 day moving average price of $61.91. The company has a current ratio of 1.34, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37.

Nutrien (NYSE:NTR) last issued 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). The firm had revenue of $5.12 billion for the quarter, compared to analysts’ expectations of $5.26 billion. Nutrien had a return on equity of 8.41% and a net margin of 8.43%.Nutrien’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the firm earned $0.31 earnings per share. Sell-side analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a boost from Nutrien’s previous quarterly dividend of $0.55. Nutrien’s dividend payout ratio is presently 46.78%.

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.