Moerus Capital Management LLC Boosts Stock Position in Nutrien Ltd. (NYSE:NTR)

Moerus Capital Management LLC boosted its stake in Nutrien Ltd. (NYSE:NTR - Free Report) by 12.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 640,502 shares of the company's stock after acquiring an additional 72,061 shares during the quarter. Nutrien accounts for 10.5% of Moerus Capital Management LLC's portfolio, making the stock its 6th largest position. Moerus Capital Management LLC owned approximately 0.13% of Nutrien worth $28,662,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fairway Wealth LLC bought a new position in shares of Nutrien during the 4th quarter worth approximately $27,000. HHM Wealth Advisors LLC boosted its holdings in Nutrien by 331.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 625 shares of the company's stock worth $28,000 after purchasing an additional 480 shares during the last quarter. Assetmark Inc. grew its position in Nutrien by 1,437.5% in the fourth quarter. Assetmark Inc. now owns 738 shares of the company's stock valued at $33,000 after purchasing an additional 690 shares in the last quarter. Asset Planning Inc acquired a new stake in Nutrien in the 4th quarter valued at $35,000. Finally, Exchange Traded Concepts LLC boosted its stake in shares of Nutrien by 96.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock worth $38,000 after buying an additional 416 shares during the last quarter. 63.10% of the stock is owned by institutional investors and hedge funds.

Nutrien Trading Up 4.6 %

Shares of NYSE NTR traded up $2.24 during trading on Friday, reaching $50.56. The company had a trading volume of 978,078 shares, compared to its average volume of 2,061,747. Nutrien Ltd. has a 12 month low of $43.70 and a 12 month high of $60.87. 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 has a market cap of $24.71 billion, a P/E ratio of 36.88, a PEG ratio of 1.19 and a beta of 0.77. The company's fifty day moving average price is $50.78 and its 200-day moving average price is $49.10.

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Nutrien (NYSE:NTR - Get Free Report) last released its quarterly earnings results 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 return on equity of 6.81% and a net margin of 2.62%. The firm had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $5.09 billion. As a group, research analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Monday, March 31st were paid a $0.545 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.18 annualized dividend and a dividend yield of 4.31%. Nutrien's dividend payout ratio is currently 159.12%.

Analyst Ratings Changes

NTR has been the subject of a number of analyst reports. Oppenheimer started coverage on Nutrien in a research note on Thursday, December 12th. They issued an "outperform" rating and a $60.00 price target for the company. CIBC raised their target price on shares of Nutrien from $64.00 to $66.00 and gave the company an "outperformer" rating in a research note on Tuesday, February 25th. Mizuho upped their price target on shares of Nutrien from $52.00 to $55.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. UBS Group lifted their price objective on shares of Nutrien from $53.00 to $54.00 and gave the company a "neutral" rating in a research report on Thursday, February 20th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $60.00 target price on shares of Nutrien in a report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $60.00.

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.