Nutrien Ltd. $NTR Stock Bought by CWA Asset Management Group LLC

Key Points

• CWA Asset Management Group increased its Nutrien stake by 79.9% in the third quarter, bringing its holdings to 58,855 shares valued at approximately $4.14 million. Institutional investors collectively own 63.1% of Nutrien.
• Analysts remain broadly positive, with 16 Buy, five Hold and one Sell rating, resulting in a consensus “Moderate Buy” rating and a $79.90 price target.
• Nutrien reported quarterly revenue of $10.81 billion, up 3.6% year over year, though EPS of $2.61 missed estimates. The company maintains a quarterly dividend of $0.55, equivalent to a 3.2% annual yield.

CWA Asset Management Group LLC raised its stake in Nutrien Ltd. (NYSE:NTR - Free Report) by 79.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 58,855 shares of the company's stock after purchasing an additional 26,138 shares during the quarter. CWA Asset Management Group LLC's holdings in Nutrien were worth $4,135,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of NTR. Wellington Management Group LLP purchased a new stake in shares of Nutrien during the second quarter worth approximately $654,081,000. Deutsche Bank AG acquired a new stake in shares of Nutrien during the second quarter worth $588,720,000. Dimensional Fund Advisors LP grew its position in Nutrien by 4.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,872,194 shares of the company's stock valued at $443,151,000 after buying an additional 239,946 shares during the last quarter. TD Waterhouse Canada Inc. grew its position in Nutrien by 10.5% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 6,096,905 shares of the company's stock valued at $424,331,000 after buying an additional 578,470 shares during the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in Nutrien in the 2nd quarter valued at $375,178,000. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NTR has been the subject of a number of analyst reports. Scotiabank upgraded shares of Nutrien from a "sector perform" rating to a "sector outperform" rating and set a $80.00 price objective for the company in a research report on Tuesday, June 30th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $71.00 target price on shares of Nutrien in a report on Monday, October 12th. Scotia upgraded shares of Nutrien from a "sector perform" rating to a "sector outperform" rating and set a $80.00 price target on the stock in a research note on Tuesday, June 30th. Canadian Imperial Bank of Commerce reissued an "outperform" rating on shares of Nutrien in a report on Monday, August 10th. Finally, Oppenheimer cut their price target on shares of Nutrien from $82.00 to $80.00 and set an "outperform" rating for the company in a report on Thursday, July 23rd. Sixteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $79.90.

Nutrien Trading Down 0.4%

Shares of NTR opened at $69.13 on Wednesday. The company has a current ratio of 1.39, a quick ratio of 0.86 and a debt-to-equity ratio of 0.36. The firm's 50-day moving average is $73.38 and its two-hundred day moving average is $70.41. Nutrien Ltd. has a twelve month low of $53.03 and a twelve month high of $85.36. The firm has a market capitalization of $32.92 billion, a P/E ratio of 14.84, a PEG ratio of 0.75 and a beta of 0.68.

Nutrien (NYSE:NTR - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $2.61 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.70 by ($0.09). Nutrien had a net margin of 8.44% and a return on equity of 8.88%. The company had revenue of $10.81 billion during the quarter, compared to analysts' expectations of $10.44 billion. During the same period last year, the business posted $2.65 earnings per share. The company's quarterly revenue was up 3.6% on a year-over-year basis. On average, research analysts predict that Nutrien Ltd. will post 4.63 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Tuesday, September 29th were issued a $0.55 dividend. The ex-dividend date was Tuesday, September 29th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.2%. Nutrien's dividend payout ratio is currently 44.53%.

Nutrien Company Profile

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.