MH & Associates Securities Management Corp ADV Takes $1.97 Million Position in Nutrien Ltd. $NTR

MH & Associates Securities Management Corp ADV purchased a new position in shares of Nutrien Ltd. (NYSE:NTR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 31,868 shares of the company’s stock, valued at approximately $1,967,000. Nutrien makes up about 1.6% of MH & Associates Securities Management Corp ADV’s holdings, making the stock its 29th largest position.

Other institutional investors also recently modified their holdings of the company. Smith Moore & CO. increased its position in Nutrien by 2.2% during the 3rd quarter. Smith Moore & CO. now owns 7,642 shares of the company’s stock worth $449,000 after purchasing an additional 168 shares in the last quarter. Cascade Investment Advisors Inc. increased its position in Nutrien by 0.6% during the 3rd quarter. Cascade Investment Advisors Inc. now owns 30,855 shares of the company’s stock worth $1,811,000 after purchasing an additional 185 shares in the last quarter. Legacy Wealth Asset Management LLC increased its position in Nutrien by 1.9% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 10,535 shares of the company’s stock worth $619,000 after purchasing an additional 193 shares in the last quarter. AMG National Trust Bank increased its position in Nutrien by 4.0% during the 3rd quarter. AMG National Trust Bank now owns 4,986 shares of the company’s stock worth $293,000 after purchasing an additional 193 shares in the last quarter. Finally, Mitchell & Pahl Private Wealth LLC increased its position in Nutrien by 1.5% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 13,146 shares of the company’s stock worth $772,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Trading Down 2.5%

Shares of NYSE NTR opened at $74.95 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 1.34. Nutrien Ltd. has a 52-week low of $46.50 and a 52-week high of $85.36. The firm has a 50 day moving average price of $74.00 and a two-hundred day moving average price of $65.00. The stock has a market cap of $36.05 billion, a P/E ratio of 16.08 and a beta of 0.69.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.04). The business had revenue of $5.12 billion during the quarter, compared to analyst estimates of $5.26 billion. Nutrien had a net margin of 8.43% and a return on equity of 8.41%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.31 earnings per share. As a group, equities analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 16th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.9%. This is a boost from Nutrien’s previous quarterly dividend of $0.55. The ex-dividend date is Tuesday, March 31st. Nutrien’s dividend payout ratio is currently 47.21%.

Analyst Ratings Changes

NTR has been the subject of a number of research analyst reports. Scotiabank upped their price objective on shares of Nutrien from $63.00 to $70.00 and gave the stock a “sector perform” rating in a research report on Monday, February 2nd. BMO Capital Markets upped their target price on Nutrien from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, March 18th. Mizuho upped their target price on Nutrien from $65.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, January 16th. UBS Group cut Nutrien from a “neutral” rating to a “sell” rating and upped their target price for the stock from $63.00 to $67.00 in a report on Thursday, March 26th. Finally, Royal Bank Of Canada upped their target price on Nutrien from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Tuesday. Eleven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $78.50.

Nutrien Profile

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.