CWA Asset Management Group LLC Buys 2,141 Shares of Nutrien Ltd. (NYSE:NTR)

CWA Asset Management Group LLC lifted its stake in Nutrien Ltd. (NYSE:NTR) by 32.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 8,815 shares of the company’s stock after buying an additional 2,141 shares during the period. CWA Asset Management Group LLC’s holdings in Nutrien were worth $394,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Central Pacific Bank Trust Division bought a new stake in Nutrien in the third quarter worth $28,000. Andra AP fonden bought a new stake in shares of Nutrien in the 2nd quarter worth about $51,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Nutrien during the 2nd quarter worth about $52,000. Larson Financial Group LLC grew its holdings in Nutrien by 1,370.6% during the 3rd quarter. Larson Financial Group LLC now owns 1,603 shares of the company’s stock valued at $77,000 after purchasing an additional 1,494 shares during the last quarter. Finally, Cromwell Holdings LLC grew its holdings in Nutrien by 113.4% during the 3rd quarter. Cromwell Holdings LLC now owns 1,694 shares of the company’s stock valued at $82,000 after purchasing an additional 900 shares during the last quarter. Institutional investors own 63.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NTR. CIBC restated an “outperformer” rating and set a $55.00 target price (down previously from $60.00) on shares of Nutrien in a research report on Tuesday, December 10th. Raymond James upgraded Nutrien from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $58.00 to $60.00 in a report on Tuesday, December 3rd. UBS Group lowered Nutrien from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $66.00 to $51.00 in a research note on Thursday, October 10th. Royal Bank of Canada reiterated an “outperform” rating and set a $60.00 target price on shares of Nutrien in a research report on Friday, September 20th. Finally, Oppenheimer began coverage on shares of Nutrien in a report on Thursday, December 12th. They issued an “outperform” rating and a $60.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $58.95.

Nutrien Trading Down 0.7 %

NTR opened at $47.89 on Thursday. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. The firm has a market cap of $23.58 billion, a price-to-earnings ratio of 32.14, a PEG ratio of 1.73 and a beta of 0.81. Nutrien Ltd. has a 12 month low of $43.69 and a 12 month high of $60.87. The stock has a fifty day moving average price of $46.86 and a 200-day moving average price of $47.94.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, November 6th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The firm had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.26 billion. During the same quarter in the prior year, the firm posted $0.35 earnings per share. The business’s revenue for the quarter was down 5.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Nutrien Ltd. will post 3.5 earnings per share for the current fiscal year.

Nutrien Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be paid a $0.939 dividend. This represents a $3.76 annualized dividend and a yield of 7.84%. This is an increase from Nutrien’s previous quarterly dividend of $0.54. The ex-dividend date is Tuesday, December 31st. Nutrien’s dividend payout ratio (DPR) is 144.97%.

Nutrien Company 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.