Cwm LLC Buys 1,815 Shares of Nutrien Ltd. (NYSE:NTR)

Cwm LLC grew its stake in shares of Nutrien Ltd. (NYSE:NTR) by 30.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,738 shares of the company’s stock after acquiring an additional 1,815 shares during the period. Cwm LLC’s holdings in Nutrien were worth $372,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Manning & Napier Advisors LLC acquired a new stake in Nutrien during the 2nd quarter worth approximately $2,639,000. SG Americas Securities LLC lifted its holdings 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 buying an additional 45,695 shares in the last quarter. Royal Fund Management LLC boosted its position in shares of Nutrien by 88.6% in the third quarter. Royal Fund Management LLC now owns 30,722 shares of the company’s stock valued at $1,477,000 after acquiring an additional 14,434 shares during the period. BNP Paribas acquired a new position in shares of Nutrien in the first quarter valued at about $1,146,000. Finally, Wellington Management Group LLP increased its position in Nutrien by 54.3% during the fourth quarter. Wellington Management Group LLP now owns 841,144 shares of the company’s stock worth $47,620,000 after acquiring an additional 296,122 shares during the period. Institutional investors own 63.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on NTR shares. TD Securities cut their price objective on shares of Nutrien from $69.00 to $67.00 and set a “buy” rating for the company in a report on Thursday, August 1st. BMO Capital Markets cut their price target on Nutrien from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. HSBC lowered Nutrien from a “hold” rating to a “reduce” rating in a research note on Friday, August 2nd. Wells Fargo & Company downgraded Nutrien from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $62.00 to $50.00 in a research report on Tuesday, September 24th. Finally, UBS Group cut Nutrien from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $66.00 to $51.00 in a research report on Thursday, October 10th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $60.67.

Nutrien Price Performance

NTR stock opened at $47.68 on Monday. The stock has a market cap of $23.55 billion, a price-to-earnings ratio of 29.80, a P/E/G ratio of 1.62 and a beta of 0.82. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.26 and a quick ratio of 0.82. The company has a 50 day simple moving average of $47.65 and a 200 day simple moving average of $51.14. Nutrien Ltd. has a 1 year low of $44.65 and a 1 year high of $61.89.

Nutrien (NYSE:NTR) last announced its quarterly 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 net margin of 2.97% and a return on equity of 6.91%. The company had revenue of $10.16 billion during the quarter, compared to the consensus estimate of $10.82 billion. During the same period in the prior year, the business earned $2.53 earnings per share. The company’s revenue for the quarter was down 12.9% compared to the same quarter last year. Research analysts anticipate that Nutrien Ltd. will post 3.75 EPS for the current fiscal year.

Nutrien Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, September 27th were paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date of this dividend was Friday, September 27th. Nutrien’s payout ratio is 135.00%.

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.