Radnor Capital Management LLC Makes New Investment in Nutrien Ltd. (NYSE:NTR)

Radnor Capital Management LLC acquired a new position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,370 shares of the company's stock, valued at approximately $217,000.

Other large investors have also modified their holdings of the company. Rhumbline Advisers raised its stake in shares of Nutrien by 3.5% in the fourth quarter. Rhumbline Advisers now owns 7,398 shares of the company's stock valued at $331,000 after purchasing an additional 247 shares in the last quarter. FFT Wealth Management LLC grew its stake in shares of Nutrien by 0.9% during the fourth quarter. FFT Wealth Management LLC now owns 29,732 shares of the company's stock valued at $1,330,000 after purchasing an additional 277 shares during the last quarter. Tidal Investments LLC increased its stake in shares of Nutrien by 2.9% in the 4th quarter. Tidal Investments LLC now owns 10,262 shares of the company's stock valued at $459,000 after buying an additional 293 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Nutrien by 23.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,804 shares of the company's stock valued at $81,000 after acquiring an additional 348 shares during the period. Finally, Lindbrook Capital LLC boosted its holdings in Nutrien by 50.6% in the fourth quarter. Lindbrook Capital LLC now owns 1,247 shares of the company's stock valued at $56,000 after acquiring an additional 419 shares during the last quarter. 63.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NTR has been the subject of several recent research reports. Wells Fargo & Company boosted their price objective on Nutrien from $56.00 to $59.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Scotiabank downgraded shares of Nutrien from an "outperform" rating to a "sector perform" rating and set a $62.00 price target for the company. in a research note on Thursday, May 22nd. Barclays raised their price objective on shares of Nutrien from $59.00 to $61.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Royal Bank of Canada upped their target price on shares of Nutrien from $60.00 to $65.00 and gave the company an "outperform" rating in a research report on Monday, May 12th. Finally, CIBC increased their price target on Nutrien from $64.00 to $66.00 and gave the company an "outperformer" rating in a research note on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $61.44.

Nutrien Stock Up 0.5%

Shares of NYSE:NTR traded up $0.30 during trading on Wednesday, hitting $60.14. 1,410,797 shares of the company's stock traded hands, compared to its average volume of 2,162,656. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average price of $55.52 and a 200-day moving average price of $51.69. Nutrien Ltd. has a 52 week low of $43.70 and a 52 week high of $60.92. The company has a market cap of $29.33 billion, a price-to-earnings ratio of 43.91, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81.

Nutrien (NYSE:NTR - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.24). Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The company had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $5.16 billion. During the same period in the previous year, the firm posted $0.46 EPS. The business's quarterly revenue was down 5.4% compared to the same quarter last year. As a group, research analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date is Monday, June 30th. Nutrien's dividend payout ratio (DPR) is presently 203.74%.

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.