91,371 Shares in Nutrien Ltd. (NYSE:NTR) Acquired by Bryn Mawr Capital Management LLC
Bryn Mawr Capital Management LLC acquired 91,371 shares in Nutrien Ltd. (NYSE:NTR) during the 2nd quarter, as reported in its 13F filing with the SEC. This stake is valued at approximately $6,652,000. Several other institutional investors also adjusted their holdings in Nutrien. The stock recently traded at $50.16 and has a market cap of $28.95 billion. Nutrien’s quarterly earnings report showed a drop in revenue by 12.9% year-over-year, with an EPS of $0.34, surpassing expectations. The company has announced a quarterly dividend of $0.54 per share, with a yield of 4.46%.
Bryn Mawr Capital Management LLC bought a new stake in Nutrien Ltd. (NYSE:NTR - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 91,371 shares of the company's stock, valued at approximately $4,652,000.
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A number of other hedge funds and other institutional investors have also modified their holdings of NTR. Signaturefd LLC increased its position in Nutrien by 4.1% during the second quarter. Signaturefd LLC now owns 7,483 shares of the company's stock worth $381,000 after purchasing an additional 293 shares during the last quarter. Meitav Investment House Ltd. acquired a new position in Nutrien in the second quarter valued at approximately $31,063,000. Lester Murray Antman dba SimplyRich grew its position in Nutrien by 2.3% in the second quarter. Lester Murray Antman dba SimplyRich now owns 9,069 shares of the company's stock worth $461,000 after acquiring an additional 202 shares during the period. Meixler Investment Management Ltd. increased its stake in Nutrien by 17.3% during the second quarter. Meixler Investment Management Ltd. now owns 6,871 shares of the company's stock worth $350,000 after acquiring an additional 1,013 shares during the last quarter. Finally, Raymond James Trust N.A. lifted its position in shares of Nutrien by 1.1% during the second quarter. Raymond James Trust N.A. now owns 28,622 shares of the company's stock worth $1,457,000 after purchasing an additional 303 shares in the last quarter. 63.10% of the stock is owned by institutional investors and hedge funds.
Nutrien Stock Performance
Shares of NTR traded up $0.16 during mid-day trading on Friday, reaching $48.42. 1,374,918 shares of the company's stock were exchanged, compared to its average volume of 1,912,162. The business's fifty day simple moving average is $49.20 and its 200-day simple moving average is $52.38. The stock has a market capitalization of $23.95 billion, a PE ratio of 28.31, a price-to-earnings-growth ratio of 1.56 and a beta of 0.83. Nutrien Ltd. has a 52-week low of $44.90 and a 52-week high of $65.69. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.26 and a quick ratio of 0.82.
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Nutrien (NYSE:NTR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.19 by $0.15. Nutrien had a net margin of 2.97% and a return on equity of 6.91%. The company had revenue of $10.16 billion for the quarter, compared to the consensus estimate of $10.82 billion. During the same period last year, the firm posted $2.53 EPS. Nutrien's revenue for the quarter was down 12.9% on a year-over-year basis. On average, equities research analysts expect that Nutrien Ltd. will post 3.74 earnings per share for the current year.
Nutrien Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, September 27th will be given a dividend of $0.54 per share. The ex-dividend date is Friday, September 27th. This represents a $2.16 dividend on an annualized basis and a yield of 4.46%. Nutrien's payout ratio is 126.32%.
Analyst Ratings Changes
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A number of equities research analysts have issued reports on the stock. Royal Bank of Canada reiterated an "outperform" rating and set a $60.00 target price on shares of Nutrien in a report on Monday, August 12th. Hsbc Global Res cut Nutrien from a "hold" rating to a "moderate sell" rating in a research note on Friday, August 2nd. TD Securities reduced their price target on Nutrien from $69.00 to $67.00 and set a "buy" rating on the stock in a research report on Thursday, August 1st. Wells Fargo & Company decreased their price objective on Nutrien from $68.00 to $66.00 and set an "overweight" rating for the company in a research note on Tuesday, July 16th. Finally, Mizuho reduced their target price on shares of Nutrien from $55.00 to $52.00 and set a "neutral" rating on the stock in a report on Thursday, August 8th. Three analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $63.78.
View Our Latest Analysis on NTR
Nutrien Company Profile
(Free Report)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.
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Want to see what other hedge funds are holding NTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nutrien Ltd. (NYSE:NTR - Free Report).
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