Nutrien Ltd. (NYSE:NTR) Shares Bought by Moerus Capital Management LLC

Key Points

• Moerus Capital Management LLC increased its stake in Nutrien Ltd. by 2.9%, owning approximately 658,953 shares valued at $32.73 million, making it the firm's second-largest investment.
• A quarterly dividend of $0.545 will be paid on October 17th, providing an annualized yield of 3.8%, with a current payout ratio of 78.14%.
• Several Wall Street analysts have lifted their target prices for Nutrien, with a consensus rating of "Moderate Buy" and an average target price of $62.65.

Moerus Capital Management LLC increased its holdings in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 2.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 658,953 shares of the company's stock after purchasing an additional 18,451 shares during the period. Nutrien makes up approximately 14.6% of Moerus Capital Management LLC's holdings, making the stock its 2nd largest position. Moerus Capital Management LLC owned 0.13% of Nutrien worth $32,730,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Harbour Investments Inc. boosted its stake in Nutrien by 94.8% during the first quarter. Harbour Investments Inc. now owns 715 shares of the company's stock worth $35,000 after buying an additional 348 shares in the last quarter. Allworth Financial LP raised its stake in shares of Nutrien by 117.1% in the 1st quarter. Allworth Financial LP now owns 938 shares of the company's stock valued at $50,000 after buying an additional 506 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Nutrien by 1,074.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,022 shares of the company's stock worth $51,000 after acquiring an additional 935 shares during the period. GAMMA Investing LLC boosted its position in shares of Nutrien by 4,866.7% during the 1st quarter. GAMMA Investing LLC now owns 1,043 shares of the company's stock valued at $52,000 after acquiring an additional 1,022 shares in the last quarter. Finally, HM Payson & Co. bought a new stake in Nutrien in the first quarter valued at about $65,000. Institutional investors own 63.10% of the company's stock.

Nutrien Stock Up 0.3%

NTR stock traded up $0.19 during mid-day trading on Friday, reaching $57.10. The company had a trading volume of 1,677,696 shares, compared to its average volume of 2,045,624. The company has a market capitalization of $27.80 billion, a price-to-earnings ratio of 20.47, a PEG ratio of 0.98 and a beta of 0.81. Nutrien Ltd. has a 52 week low of $43.69 and a 52 week high of $65.08. The stock has a 50 day simple moving average of $59.57 and a two-hundred day simple moving average of $55.51. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.33 and a quick ratio of 0.85.

Nutrien (NYSE:NTR - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.24. The business had revenue of $10.30 billion during the quarter, compared to analysts' expectations of $10.40 billion. Nutrien had a net margin of 5.25% and a return on equity of 6.51%. The firm's revenue was up 2.8% on a year-over-year basis. During the same period last year, the business earned $2.34 earnings per share. As a group, equities analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Monday, September 29th will be given a $0.545 dividend. The ex-dividend date of this dividend is Monday, September 29th. This represents a $2.18 annualized dividend and a dividend yield of 3.8%. Nutrien's dividend payout ratio is presently 78.14%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. UBS Group dropped their price target on shares of Nutrien from $64.00 to $63.00 and set a "neutral" rating for the company in a research report on Thursday, August 7th. The Goldman Sachs Group increased their target price on Nutrien from $53.00 to $59.00 and gave the stock a "sell" rating in a report on Friday, May 9th. Bank of America boosted their price target on Nutrien from $60.00 to $63.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Jefferies Financial Group reiterated a "hold" rating and set a $66.00 price objective (up from $63.00) on shares of Nutrien in a research note on Friday, July 11th. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of Nutrien in a report on Monday, July 14th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Nutrien presently has a consensus rating of "Moderate Buy" and a consensus target price of $62.65.

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.