Cromwell Holdings LLC Acquires 523 Shares of Nutrien Ltd. $NTR

Cromwell Holdings LLC grew its holdings in Nutrien Ltd. (NYSE:NTR) by 44.2% in the second quarter, HoldingsChannel reports. The fund owned 1,707 shares of the company’s stock after buying an additional 523 shares during the period. Cromwell Holdings LLC’s holdings in Nutrien were worth $100,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Harbour Investments Inc. lifted its position in Nutrien by 94.8% during the first quarter. Harbour Investments Inc. now owns 715 shares of the company’s stock worth $35,000 after purchasing an additional 348 shares during the period. Allworth Financial LP lifted its position in Nutrien by 117.1% during the first quarter. Allworth Financial LP now owns 938 shares of the company’s stock worth $50,000 after purchasing an additional 506 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in Nutrien by 1,074.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,022 shares of the company’s stock worth $51,000 after purchasing an additional 935 shares during the period. GAMMA Investing LLC lifted its position in Nutrien by 4,866.7% during the first quarter. GAMMA Investing LLC now owns 1,043 shares of the company’s stock worth $52,000 after purchasing an additional 1,022 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in Nutrien during the first quarter worth about $54,000. Institutional investors own 63.10% of the company’s stock.

Nutrien Stock Up 5.3%

Shares of NYSE NTR opened at $59.66 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 0.39. The company has a market cap of $28.95 billion, a price-to-earnings ratio of 21.38, a PEG ratio of 0.93 and a beta of 0.82. Nutrien Ltd. has a 12 month low of $43.69 and a 12 month high of $65.08. The stock has a 50-day moving average price of $57.64 and a two-hundred day moving average price of $56.91.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, August 6th. The company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.41 by $0.24. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The firm had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.40 billion. During the same quarter in the previous year, the firm earned $2.34 earnings per share. The business’s quarterly revenue was up 2.8% on a year-over-year basis. As a group, analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Monday, September 29th will be paid a $0.545 dividend. The ex-dividend date of this dividend is Monday, September 29th. This represents a $2.18 annualized dividend and a dividend yield of 3.7%. Nutrien’s dividend payout ratio is currently 78.14%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on NTR shares. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Nutrien in a research report on Monday, July 14th. UBS Group cut their price objective on shares of Nutrien from $64.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, August 7th. National Bank Financial assumed coverage on shares of Nutrien in a research report on Friday, September 5th. They set a “sector perform” rating for the company. TD Securities boosted their target price on Nutrien from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. Finally, Jefferies Financial Group lowered their target price on Nutrien from $61.00 to $60.00 and set a “hold” rating for the company in a research note on Tuesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $62.39.

Nutrien 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.