McAlvany Wealth Management LLC Takes Position in Nutrien Ltd. $NTR

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

Several other large investors have also recently added to or reduced their stakes in the company. Guggenheim Capital LLC boosted its holdings in Nutrien by 2.2% in the 4th quarter. Guggenheim Capital LLC now owns 6,628 shares of the company’s stock valued at $409,000 after purchasing an additional 145 shares in the last quarter. Minot DeBlois Advisors LLC raised its stake in shares of Nutrien by 1.8% during the 4th quarter. Minot DeBlois Advisors LLC now owns 9,032 shares of the company’s stock worth $557,000 after buying an additional 164 shares in the last quarter. Smith Moore & CO. raised its stake in shares of 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 buying an additional 168 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake 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 in the last quarter. Finally, AMG National Trust Bank lifted its holdings in shares of Nutrien by 4.0% in the 3rd quarter. AMG National Trust Bank now owns 4,986 shares of the company’s stock valued at $293,000 after buying an additional 193 shares during the period. 63.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NTR. Zacks Research lowered Nutrien from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Jefferies Financial Group raised Nutrien from a “hold” rating to a “buy” rating and raised their target price for the company from $74.00 to $96.00 in a report on Thursday, March 12th. JPMorgan Chase & Co. raised their target price on Nutrien from $78.00 to $80.00 and gave the company an “overweight” rating in a report on Monday, May 11th. TD Securities restated a “buy” rating on shares of Nutrien in a research report on Wednesday, May 6th. Finally, Bank of America raised shares of Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 price target on the stock in a research note on Thursday, April 30th. Eleven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Nutrien presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.71.

Nutrien Price Performance

Shares of NYSE:NTR opened at $62.89 on Friday. The firm has a market capitalization of $30.14 billion, a price-to-earnings ratio of 12.81, a price-to-earnings-growth ratio of 0.58 and a beta of 0.60. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.24 and a quick ratio of 0.59. The business’s 50 day simple moving average is $70.21 and its 200-day simple moving average is $69.42. Nutrien Ltd. has a 12 month low of $53.03 and a 12 month high of $85.36.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. The firm had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.Nutrien’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period last year, the business posted $0.11 EPS. As a group, equities analysts forecast that Nutrien Ltd. will post 5.45 earnings per share for the current fiscal year.

Nutrien Announces Dividend

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

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.