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

CWA Asset Management Group LLC increased its stake in Nutrien Ltd. (NYSE:NTR) by 32.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,815 shares of the company’s stock after purchasing an additional 2,141 shares during the quarter. CWA Asset Management Group LLC’s holdings in Nutrien were worth $394,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Natixis Advisors LLC grew its holdings in shares of Nutrien by 3.2% in the second quarter. Natixis Advisors LLC now owns 29,687 shares of the company’s stock worth $1,511,000 after acquiring an additional 927 shares during the period. Caprock Group LLC bought a new stake in shares of Nutrien during the 2nd quarter valued at about $226,000. PFG Investments LLC grew its stake in shares of Nutrien by 26.0% during the 2nd quarter. PFG Investments LLC now owns 9,959 shares of the company’s stock valued at $507,000 after purchasing an additional 2,056 shares during the period. United Services Automobile Association increased its position in shares of Nutrien by 1.6% during the 2nd quarter. United Services Automobile Association now owns 17,853 shares of the company’s stock valued at $909,000 after purchasing an additional 284 shares during the last quarter. Finally, Royal London Asset Management Ltd. lifted its stake in shares of Nutrien by 1.1% in the 2nd quarter. Royal London Asset Management Ltd. now owns 23,995 shares of the company’s stock worth $1,222,000 after purchasing an additional 265 shares during the period. Institutional investors own 63.10% of the company’s stock.

Nutrien Stock Performance

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

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). The firm had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.26 billion. Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 EPS. As a group, sell-side analysts forecast that Nutrien Ltd. will post 3.5 earnings per share for the current fiscal year.

Nutrien Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.939 per share. This represents a $3.76 annualized dividend and a dividend yield of 7.84%. This is a boost from Nutrien’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Tuesday, December 31st. Nutrien’s dividend payout ratio is 144.97%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NTR. CIBC restated an “outperformer” rating and set a $55.00 target price (down from $60.00) on shares of Nutrien in a research report on Tuesday, December 10th. UBS Group cut shares of Nutrien from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $66.00 to $51.00 in a research note on Thursday, October 10th. Wells Fargo & Company lowered Nutrien from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $62.00 to $50.00 in a research note on Tuesday, September 24th. 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, TD Securities cut their price target on Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $58.95.

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.