Cromwell Holdings LLC Boosts Stock Position in Nutrien Ltd. (NYSE:NTR)

Cromwell Holdings LLC increased its position in Nutrien Ltd. (NYSE:NTR) by 113.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,694 shares of the company’s stock after buying an additional 900 shares during the quarter. Cromwell Holdings LLC’s holdings in Nutrien were worth $82,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Manning & Napier Advisors LLC bought a new position in Nutrien in the 2nd quarter worth $2,639,000. Cardinal Capital Management Inc. boosted its stake in shares of Nutrien by 4.3% in the third quarter. Cardinal Capital Management Inc. now owns 564,078 shares of the company’s stock worth $27,139,000 after acquiring an additional 23,117 shares during the period. SG Americas Securities LLC grew its position in shares of Nutrien by 370.1% during the first quarter. SG Americas Securities LLC now owns 58,041 shares of the company’s stock worth $3,152,000 after purchasing an additional 45,695 shares in the last quarter. Royal Fund Management LLC lifted its holdings in Nutrien by 88.6% in the 3rd quarter. Royal Fund Management LLC now owns 30,722 shares of the company’s stock worth $1,477,000 after purchasing an additional 14,434 shares in the last quarter. Finally, BNP Paribas bought a new position in Nutrien in the 1st quarter worth approximately $1,146,000. Institutional investors own 63.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group lowered shares of Nutrien from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $69.00 to $53.00 in a research report on Tuesday, September 10th. Royal Bank of Canada reissued an “outperform” rating and set a $60.00 price objective on shares of Nutrien in a report on Friday, September 20th. UBS Group cut Nutrien from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $66.00 to $51.00 in a report on Thursday, October 10th. Mizuho dropped their price target on Nutrien from $55.00 to $52.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Finally, Barclays cut their price target on Nutrien from $68.00 to $55.00 and set an “overweight” rating for the company in a report on Friday, August 16th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Nutrien has an average rating of “Hold” and a consensus price target of $60.67.

Nutrien Trading Up 0.2 %

Shares of NTR opened at $47.91 on Friday. The company’s fifty day simple moving average is $47.77 and its 200-day simple moving average is $50.98. The company has a market cap of $23.70 billion, a P/E ratio of 28.02, a P/E/G ratio of 1.56 and a beta of 0.82. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 0.37. Nutrien Ltd. has a twelve month low of $44.65 and a twelve month high of $60.87.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, August 7th. The company reported $2.34 EPS for the quarter, beating analysts’ consensus estimates of $2.19 by $0.15. The firm had revenue of $10.16 billion for the quarter, compared to analysts’ expectations of $10.82 billion. Nutrien had a return on equity of 6.91% and a net margin of 2.97%. The company’s quarterly revenue was down 12.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.53 earnings per share. As a group, analysts expect that Nutrien Ltd. will post 3.85 EPS for the current year.

Nutrien Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, September 27th were paid a $0.54 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $2.16 annualized dividend and a yield of 4.51%. Nutrien’s dividend payout ratio (DPR) is currently 126.32%.

Nutrien Company Profile

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.