Bryn Mawr Trust Advisors LLC Buys Shares of 132,848 Nutrien Ltd. $NTR

Bryn Mawr Trust Advisors LLC bought a new position in Nutrien Ltd. (NYSE:NTR) in the second quarter, Holdings Channel.com reports. The institutional investor bought 132,848 shares of the company’s stock, valued at approximately $8,363,000.

Several other hedge funds have also modified their holdings of NTR. Guggenheim Capital LLC lifted its stake in Nutrien by 2.2% during the fourth quarter. Guggenheim Capital LLC now owns 6,628 shares of the company’s stock worth $409,000 after purchasing an additional 145 shares during the last quarter. Minot DeBlois Advisors LLC increased its stake in Nutrien by 1.8% in the fourth quarter. Minot DeBlois Advisors LLC now owns 9,032 shares of the company’s stock valued at $557,000 after purchasing an additional 164 shares during the last quarter. Banque Cantonale Vaudoise raised its holdings in Nutrien by 15.9% during the first quarter. Banque Cantonale Vaudoise now owns 1,198 shares of the company’s stock worth $90,000 after purchasing an additional 164 shares in the last quarter. Gould Asset Management LLC CA raised its holdings in Nutrien by 4.4% during the first quarter. Gould Asset Management LLC CA now owns 3,933 shares of the company’s stock worth $297,000 after purchasing an additional 165 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Nutrien by 21.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 983 shares of the company’s stock worth $61,000 after buying an additional 176 shares during the last quarter. 63.10% of the stock is owned by hedge funds and other institutional investors.

Nutrien Price Performance

NTR stock opened at $68.26 on Friday. The company has a market capitalization of $32.65 billion, a P/E ratio of 13.82, a PEG ratio of 0.67 and a beta of 0.61. Nutrien Ltd. has a twelve month low of $53.03 and a twelve month high of $85.36. The business has a 50 day simple moving average of $65.93 and a 200-day simple moving average of $70.39. The company has a current ratio of 1.39, a quick ratio of 0.86 and a debt-to-equity ratio of 0.36.

Nutrien (NYSE:NTR) last announced 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). The business had revenue of $10.81 billion for the quarter, compared to analysts’ expectations of $10.44 billion. Nutrien had a return on equity of 8.88% and a net margin of 8.44%.The business’s revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the business posted $2.65 earnings per share. As a group, equities analysts anticipate that Nutrien Ltd. will post 5.01 EPS for the current year.

Nutrien Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Tuesday, September 29th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, September 29th. Nutrien’s dividend payout ratio (DPR) is presently 44.53%.

Wall Street Analyst Weigh In

NTR has been the subject of several research analyst reports. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Nutrien in a report on Monday. Morgan Stanley cut their price target on shares of Nutrien from $93.00 to $81.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. National Bank Financial reduced their price target on shares of Nutrien from $76.00 to $74.00 and set an “outperform” rating for the company in a research report on Monday, August 10th. Barclays decreased their price objective on shares of Nutrien from $81.00 to $78.00 and set an “overweight” rating for the company in a research note on Monday. Finally, TD Securities reaffirmed a “buy” rating on shares of Nutrien in a report on Wednesday, May 6th. Seventeen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Nutrien has an average rating of “Moderate Buy” and a consensus price target of $81.58.

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.