CWA Asset Management Group LLC Buys 10,091 Shares of Nutrien Ltd. $NTR

CWA Asset Management Group LLC lifted its stake in Nutrien Ltd. (NYSE:NTR) by 87.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 21,593 shares of the company’s stock after purchasing an additional 10,091 shares during the quarter. CWA Asset Management Group LLC’s holdings in Nutrien were worth $1,333,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Nutrien by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 21,983,443 shares of the company’s stock valued at $1,291,022,000 after buying an additional 80,135 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Nutrien by 19.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 14,221,381 shares of the company’s stock worth $834,962,000 after buying an additional 2,276,651 shares during the period. TD Asset Management Inc increased its position in Nutrien by 16.5% during the third quarter. TD Asset Management Inc now owns 7,368,861 shares of the company’s stock valued at $432,838,000 after acquiring an additional 1,043,766 shares during the last quarter. Norges Bank bought a new position in Nutrien during the second quarter valued at $395,842,000. Finally, Capital International Investors raised its stake in shares of Nutrien by 1.7% in the third quarter. Capital International Investors now owns 5,539,645 shares of the company’s stock valued at $325,325,000 after acquiring an additional 95,274 shares during the period. Institutional investors own 63.10% of the company’s stock.

Nutrien Stock Down 1.7%

NYSE:NTR opened at $74.77 on Monday. The company has a market cap of $35.97 billion, a price-to-earnings ratio of 16.05 and a beta of 0.70. Nutrien Ltd. has a twelve month low of $45.78 and a twelve month high of $85.36. The company has a current ratio of 1.34, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. The stock has a fifty day simple moving average of $71.89 and a 200-day simple moving average of $63.36.

Nutrien (NYSE:NTR) last posted its quarterly 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 company had revenue of $5.12 billion during the quarter, compared to the consensus estimate of $5.26 billion. Nutrien had a return on equity of 8.41% and a net margin of 8.43%.The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.31 earnings per share. Analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on NTR shares. Bank of America raised their target price on shares of Nutrien from $75.00 to $81.00 and gave the stock a “neutral” rating in a report on Wednesday, March 18th. Barclays upped their price target on shares of Nutrien from $70.00 to $80.00 and gave the company an “equal weight” rating in a report on Tuesday, March 3rd. Wall Street Zen lowered shares of Nutrien from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. BNP Paribas Exane downgraded shares of Nutrien from an “outperform” rating to a “neutral” rating in a research note on Monday, February 23rd. Finally, JPMorgan Chase & Co. boosted their target price on Nutrien from $68.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. Eleven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $77.11.

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.