Bryn Mawr Capital Management LLC Raises Stock Position in Nutrien Ltd. (NYSE:NTR)

Bryn Mawr Capital Management LLC lifted its position in Nutrien Ltd. (NYSE:NTR) by 9.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 84,346 shares of the company’s stock after purchasing an additional 7,286 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Nutrien were worth $3,774,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NTR. HHM Wealth Advisors LLC lifted its stake in Nutrien by 331.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock worth $28,000 after acquiring an additional 480 shares during the period. Asset Planning Inc bought a new stake in Nutrien during the 4th quarter valued at $35,000. Exchange Traded Concepts LLC raised its position in shares of Nutrien by 96.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock worth $38,000 after acquiring an additional 416 shares in the last quarter. Principal Securities Inc. raised its position in shares of Nutrien by 138.1% in the 4th quarter. Principal Securities Inc. now owns 931 shares of the company’s stock worth $42,000 after acquiring an additional 540 shares in the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of Nutrien during the 4th quarter worth $67,000. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. TD Securities decreased their price target on shares of Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. UBS Group lifted their price target on shares of Nutrien from $53.00 to $54.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Piper Sandler upped their target price on Nutrien from $58.00 to $63.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Scotiabank raised their price target on Nutrien from $60.00 to $62.00 and gave the stock a “sector outperform” rating in a report on Monday. Finally, Mizuho lifted their target price on shares of Nutrien from $52.00 to $55.00 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.11.

Nutrien Price Performance

NYSE NTR opened at $53.60 on Wednesday. The stock’s 50-day moving average price is $49.66 and its two-hundred day moving average price is $48.35. The company has a market cap of $26.25 billion, a PE ratio of 39.12, a PEG ratio of 1.19 and a beta of 0.81. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. Nutrien Ltd. has a 1 year low of $43.69 and a 1 year high of $60.87.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The business had revenue of $5.08 billion during the quarter, compared to analyst estimates of $5.09 billion. On average, analysts predict that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.545 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.18 annualized dividend and a yield of 4.07%. Nutrien’s dividend payout ratio (DPR) is presently 159.12%.

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.