Cromwell Holdings LLC Purchases 900 Shares of Nutrien Ltd. (NYSE:NTR)

Cromwell Holdings LLC grew its position in shares of Nutrien Ltd. (NYSE:NTR) by 113.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,694 shares of the company’s stock after acquiring an additional 900 shares during the period. Cromwell Holdings LLC’s holdings in Nutrien were worth $82,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Central Pacific Bank Trust Division purchased a new position in Nutrien during the 3rd quarter valued at about $28,000. Family Firm Inc. bought a new stake in shares of Nutrien in the 2nd quarter worth approximately $32,000. Trust Co. of Vermont increased its stake in shares of Nutrien by 50.0% during the second quarter. Trust Co. of Vermont now owns 900 shares of the company’s stock valued at $46,000 after buying an additional 300 shares during the period. Covestor Ltd raised its holdings in shares of Nutrien by 33.3% during the first quarter. Covestor Ltd now owns 932 shares of the company’s stock valued at $50,000 after acquiring an additional 233 shares in the last quarter. Finally, Andra AP fonden bought a new stake in Nutrien in the second quarter valued at $51,000. 63.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Scotiabank dropped their target price on shares of Nutrien from $66.00 to $59.00 and set a “sector outperform” rating for the company in a research report on Monday, August 12th. HSBC lowered Nutrien from a “hold” rating to a “reduce” rating in a research report on Friday, August 2nd. The Goldman Sachs Group downgraded shares of Nutrien from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $69.00 to $53.00 in a research report on Tuesday, September 10th. BMO Capital Markets decreased their price target on shares of Nutrien from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Finally, Wells Fargo & Company lowered shares of Nutrien from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $62.00 to $50.00 in a research note on Tuesday, September 24th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Nutrien currently has a consensus rating of “Hold” and a consensus target price of $60.67.

Nutrien Price Performance

NYSE NTR opened at $47.91 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.26 and a quick ratio of 0.82. Nutrien Ltd. has a 1-year low of $44.65 and a 1-year high of $60.87. The stock has a market capitalization of $23.70 billion, a price-to-earnings ratio of 28.02, a PEG ratio of 1.56 and a beta of 0.82. The business’s fifty day moving average price is $47.77 and its 200-day moving average price is $50.98.

Nutrien (NYSE:NTR) last announced its earnings results 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 return on equity of 6.91% and a net margin of 2.97%. The business had revenue of $10.16 billion for the quarter, compared to analysts’ expectations of $10.82 billion. During the same period last year, the firm posted $2.53 earnings per share. The business’s revenue for the quarter was down 12.9% on a year-over-year basis. On average, equities analysts predict that Nutrien Ltd. will post 3.85 earnings per share for the current year.

Nutrien Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 27th were issued a dividend of $0.54 per share. The ex-dividend date was Friday, September 27th. This represents a $2.16 dividend on an annualized basis and a yield of 4.51%. Nutrien’s dividend payout ratio is currently 126.32%.

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.