Radnor Capital Management LLC Purchases New Stake in Nutrien Ltd. (NYSE:NTR)

Radnor Capital Management LLC purchased a new stake in Nutrien Ltd. (NYSE:NTR) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,370 shares of the company’s stock, valued at approximately $217,000.

Other large investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its holdings in Nutrien by 8.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,886,376 shares of the company’s stock valued at $84,367,000 after buying an additional 144,025 shares in the last quarter. Secured Retirement Advisors LLC acquired a new position in Nutrien in the 4th quarter valued at $654,000. Van ECK Associates Corp grew its holdings in Nutrien by 5.7% in the 4th quarter. Van ECK Associates Corp now owns 1,480,870 shares of the company’s stock valued at $66,264,000 after buying an additional 80,382 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in Nutrien by 12.3% in the 4th quarter. Sanctuary Advisors LLC now owns 36,815 shares of the company’s stock valued at $1,647,000 after buying an additional 4,028 shares in the last quarter. Finally, Strategic Financial Concepts LLC acquired a new position in Nutrien in the 4th quarter valued at $210,000. Institutional investors own 63.10% of the company’s stock.

Nutrien Stock Performance

NYSE:NTR opened at $59.78 on Friday. The stock’s 50-day simple moving average is $55.13 and its 200 day simple moving average is $51.50. The firm has a market capitalization of $29.15 billion, a PE ratio of 43.64, a price-to-earnings-growth ratio of 1.19 and a beta of 0.79. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. Nutrien Ltd. has a twelve month low of $43.70 and a twelve month high of $60.84.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.11 EPS 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 firm had revenue of $4.67 billion for the quarter, compared to analyst estimates of $5.16 billion. During the same period in the previous year, the business posted $0.46 earnings per share. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. On average, analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend is Monday, June 30th. Nutrien’s payout ratio is 203.74%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on NTR shares. Royal Bank of Canada upped their price objective on Nutrien from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Monday, May 12th. Bank of America upped their price objective on Nutrien from $60.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, May 14th. CIBC upped their price objective on Nutrien from $64.00 to $66.00 and gave the company an “outperformer” rating in a report on Tuesday, February 25th. Berenberg Bank increased their target price on Nutrien from $54.00 to $59.00 and gave the stock a “buy” rating in a report on Tuesday, April 15th. Finally, Barclays increased their target price on Nutrien from $59.00 to $61.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 14th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $61.44.

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.