McAlvany Wealth Management LLC Buys Shares of 40,849 Nutrien Ltd. $NTR

McAlvany Wealth Management LLC bought a new position in shares of Nutrien Ltd. (NYSE:NTR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 40,849 shares of the company’s stock, valued at approximately $2,521,000. Nutrien comprises 1.9% of McAlvany Wealth Management LLC’s portfolio, making the stock its 18th largest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. Swiss Life Asset Management Ltd lifted its stake in Nutrien by 23.6% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 79,770 shares of the company’s stock valued at $4,691,000 after buying an additional 15,230 shares in the last quarter. Van ECK Associates Corp grew its holdings in Nutrien by 1.4% during the 3rd quarter. Van ECK Associates Corp now owns 1,854,650 shares of the company’s stock valued at $108,901,000 after buying an additional 25,588 shares during the last quarter. MH & Associates Securities Management Corp ADV acquired a new stake in Nutrien during the 4th quarter valued at $1,967,000. Hudson Bay Capital Management LP increased its position in Nutrien by 190.3% during the third quarter. Hudson Bay Capital Management LP now owns 116,312 shares of the company’s stock worth $6,829,000 after buying an additional 76,244 shares in the last quarter. Finally, Black Creek Investment Management Inc. increased its position in Nutrien by 57.3% during the third quarter. Black Creek Investment Management Inc. now owns 2,367,244 shares of the company’s stock worth $139,050,000 after buying an additional 862,487 shares in the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Trading Up 0.1%

Shares of NTR opened at $62.89 on Friday. The stock has a fifty day moving average of $70.21 and a two-hundred day moving average of $69.42. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 1.24. The company has a market capitalization of $30.14 billion, a PE ratio of 12.81, a price-to-earnings-growth ratio of 0.58 and a beta of 0.60. Nutrien Ltd. has a fifty-two week low of $53.03 and a fifty-two week high of $85.36.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The company had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.30 billion. During the same quarter in the prior year, the company posted $0.11 EPS. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. As a group, analysts forecast that Nutrien Ltd. will post 5.45 EPS for the current year.

Nutrien Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Tuesday, June 30th will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 3.5%. The ex-dividend date is Tuesday, June 30th. Nutrien’s dividend payout ratio is presently 44.81%.

Analyst Ratings Changes

NTR has been the topic of several recent research reports. Wall Street Zen downgraded Nutrien from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Scotiabank lifted their price objective on Nutrien from $75.00 to $80.00 and gave the stock a “sector perform” rating in a research report on Monday, May 11th. Berenberg Bank set a $65.00 target price on shares of Nutrien and gave the company a “hold” rating in a research note on Wednesday, June 10th. Raymond James Financial raised shares of Nutrien from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $74.00 to $90.00 in a research note on Tuesday, May 5th. Finally, BMO Capital Markets upped their target price on shares of Nutrien from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, March 18th. Eleven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $81.71.

About Nutrien

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.