Bryn Mawr Capital Management LLC Buys 6,389 Shares of Nutrien Ltd. (NYSE:NTR)

Bryn Mawr Capital Management LLC raised its holdings in Nutrien Ltd. (NYSE:NTR - Free Report) by 7.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,735 shares of the company's stock after purchasing an additional 6,389 shares during the period. Bryn Mawr Capital Management LLC's holdings in Nutrien were worth $4,507,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Nutrien by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 19,778,500 shares of the company's stock valued at $885,009,000 after acquiring an additional 325,210 shares in the last quarter. Dodge & Cox grew its stake in Nutrien by 0.3% during the fourth quarter. Dodge & Cox now owns 12,523,259 shares of the company's stock valued at $560,416,000 after acquiring an additional 40,800 shares in the last quarter. Deutsche Bank AG grew its stake in Nutrien by 11.3% during the fourth quarter. Deutsche Bank AG now owns 7,105,057 shares of the company's stock valued at $317,951,000 after acquiring an additional 721,935 shares in the last quarter. ARGA Investment Management LP grew its stake in Nutrien by 7.7% during the first quarter. ARGA Investment Management LP now owns 6,510,844 shares of the company's stock valued at $323,132,000 after acquiring an additional 467,254 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in Nutrien by 1.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 5,627,597 shares of the company's stock valued at $252,108,000 after acquiring an additional 76,085 shares in the last quarter. Hedge funds and other institutional investors own 63.10% of the company's stock.

Nutrien Trading Down 1.6%

NYSE:NTR traded down $1.01 during midday trading on Tuesday, reaching $59.92. 1,486,284 shares of the stock traded hands, compared to its average volume of 2,186,452. The company has a fifty day moving average of $59.50 and a 200 day moving average of $54.08. Nutrien Ltd. has a 12 month low of $43.70 and a 12 month high of $65.08. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.59 and a current ratio of 1.22. The stock has a market capitalization of $29.18 billion, a P/E ratio of 56.00, a PEG ratio of 1.14 and a beta of 0.80.

Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.24). Nutrien had a net margin of 2.05% and a return on equity of 6.08%. The firm had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $5.16 billion. During the same quarter in the prior year, the company earned $0.46 earnings per share. The company's quarterly revenue was down 5.4% compared to the same quarter last year. On average, research analysts predict that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 30th will be issued a $0.545 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.18 annualized dividend and a yield of 3.64%. Nutrien's dividend payout ratio (DPR) is presently 203.74%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. BNP Paribas raised shares of Nutrien to a "strong-buy" rating in a research note on Wednesday, April 9th. UBS Group boosted their price target on shares of Nutrien from $52.00 to $56.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Raymond James Financial cut shares of Nutrien from an "outperform" rating to a "market perform" rating and set a $68.00 price target for the company. in a research note on Tuesday, June 17th. Morgan Stanley boosted their price target on shares of Nutrien from $60.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 26th. Finally, Wells Fargo & Company boosted their price target on shares of Nutrien from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $62.61.

Nutrien 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.