Bryn Mawr Trust Advisors LLC Raises Stake in Nutrien Ltd. $NTR

Bryn Mawr Trust Advisors LLC grew its position in Nutrien Ltd. (NYSE:NTR) by 7.6% in the third quarter, HoldingsChannel.com reports. The firm owned 133,405 shares of the company’s stock after acquiring an additional 9,450 shares during the period. Bryn Mawr Trust Advisors LLC’s holdings in Nutrien were worth $7,832,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Root Financial Partners LLC purchased a new position in shares of Nutrien during the 3rd quarter valued at $37,000. Huntington National Bank raised its holdings in Nutrien by 72.6% during the second quarter. Huntington National Bank now owns 656 shares of the company’s stock valued at $38,000 after acquiring an additional 276 shares during the period. Geneos Wealth Management Inc. raised its holdings in Nutrien by 42.4% during the second quarter. Geneos Wealth Management Inc. now owns 735 shares of the company’s stock valued at $43,000 after acquiring an additional 219 shares during the period. Trust Co. of Toledo NA OH purchased a new position in shares of Nutrien in the second quarter valued at about $49,000. Finally, AlphaCore Capital LLC bought a new position in shares of Nutrien in the second quarter worth about $56,000. 63.10% of the stock is owned by hedge funds and other institutional investors.

Nutrien Stock Down 3.2%

NYSE NTR opened at $68.86 on Friday. The stock has a 50 day moving average price of $62.84 and a 200-day moving average price of $59.52. Nutrien Ltd. has a one year low of $45.78 and a one year high of $73.07. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.89 and a current ratio of 1.41. The company has a market capitalization of $33.19 billion, a P/E ratio of 18.56 and a beta of 0.72.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.06. The company had revenue of $5.82 billion for the quarter, compared to analysts’ expectations of $5.59 billion. Nutrien had a net margin of 6.79% and a return on equity of 7.54%. Nutrien’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.39 earnings per share. As a group, equities analysts predict that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Wednesday, December 31st were given a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Wednesday, December 31st. Nutrien’s dividend payout ratio is currently 58.76%.

Analyst Ratings Changes

NTR has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Nutrien in a research note on Monday, December 29th. Bank of America reaffirmed a “neutral” rating and set a $67.00 price objective on shares of Nutrien in a report on Tuesday, October 14th. Zacks Research upgraded shares of Nutrien from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Mizuho upped their target price on shares of Nutrien from $65.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. Finally, Scotiabank cut their target price on shares of Nutrien from $65.00 to $63.00 and set a “sector perform” rating for the company in a research note on Monday, November 10th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Nutrien presently has a consensus rating of “Hold” and an average target price of $65.88.

Nutrien Profile

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.