AMG National Trust Bank Purchases Shares of 4,544 Nutrien Ltd. (NYSE:NTR)

AMG National Trust Bank purchased a new stake in Nutrien Ltd. (NYSE:NTR) during the 4th quarter, Holdings Channel.com reports. The firm purchased 4,544 shares of the company’s stock, valued at approximately $201,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of NTR. HHM Wealth Advisors LLC raised its stake in shares of Nutrien by 331.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock valued at $28,000 after purchasing an additional 480 shares during the period. Assetmark Inc. raised its stake in shares of Nutrien by 1,437.5% in the 4th quarter. Assetmark Inc. now owns 738 shares of the company’s stock valued at $33,000 after purchasing an additional 690 shares during the period. Asset Planning Inc acquired a new stake in shares of Nutrien in the 4th quarter valued at about $35,000. Exchange Traded Concepts LLC raised its stake in shares of Nutrien by 96.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock valued at $38,000 after purchasing an additional 416 shares during the period. Finally, Principal Securities Inc. raised its stake in shares of Nutrien by 138.1% in the 4th quarter. Principal Securities Inc. now owns 931 shares of the company’s stock valued at $42,000 after purchasing an additional 540 shares during the period. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Price Performance

NYSE:NTR opened at $51.03 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The stock’s 50 day moving average price is $50.71 and its two-hundred day moving average price is $48.58. The firm has a market capitalization of $24.96 billion, a price-to-earnings ratio of 37.24, a P/E/G ratio of 1.19 and a beta of 0.81. Nutrien Ltd. has a 12-month low of $43.70 and a 12-month high of $60.87.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $5.09 billion. On average, analysts anticipate that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be given a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 4.27%. The ex-dividend date of this dividend is Monday, March 31st. Nutrien’s payout ratio is 159.12%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on NTR shares. UBS Group lifted their price target on Nutrien from $53.00 to $54.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. raised Nutrien from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $40.00 to $50.00 in a research report on Monday, January 13th. Mizuho lifted their target price on Nutrien from $52.00 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Raymond James raised Nutrien from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $58.00 to $60.00 in a research report on Tuesday, December 3rd. Finally, Wells Fargo & Company lifted their target price on Nutrien from $53.00 to $56.00 and gave the company an “equal weight” rating in a research report on Friday, February 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $60.13.

About Nutrien

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.