Cromwell Holdings LLC Sells 510 Shares of Nutrien Ltd. (NYSE:NTR)

Cromwell Holdings LLC lowered its stake in shares of Nutrien Ltd. (NYSE:NTR) by 30.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,184 shares of the company’s stock after selling 510 shares during the quarter. Cromwell Holdings LLC’s holdings in Nutrien were worth $53,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in NTR. Silchester International Investors LLP boosted its position in Nutrien by 164.4% during the third quarter. Silchester International Investors LLP now owns 10,683,242 shares of the company’s stock valued at $513,437,000 after purchasing an additional 6,642,075 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Nutrien during the third quarter valued at about $150,181,000. ARGA Investment Management LP boosted its holdings in Nutrien by 25.7% in the fourth quarter. ARGA Investment Management LP now owns 6,043,590 shares of the company’s stock worth $270,396,000 after acquiring an additional 1,236,671 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its holdings in Nutrien by 78.8% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,495,282 shares of the company’s stock worth $121,271,000 after acquiring an additional 1,100,000 shares in the last quarter. Finally, Toronto Dominion Bank boosted its holdings in Nutrien by 11.9% in the third quarter. Toronto Dominion Bank now owns 4,220,354 shares of the company’s stock worth $202,830,000 after acquiring an additional 447,413 shares in the last quarter. Institutional investors own 63.10% of the company’s stock.

Nutrien Stock Up 1.3 %

Shares of NTR stock opened at $53.12 on Friday. The stock has a 50 day moving average of $49.32 and a 200 day moving average of $48.20. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. The stock has a market cap of $26.02 billion, a P/E ratio of 38.77, a P/E/G ratio of 1.17 and a beta of 0.81. Nutrien Ltd. has a twelve month low of $43.69 and a twelve month high of $60.87.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.09). The company had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. As a group, sell-side analysts expect that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be given a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 4.10%. The ex-dividend date is Monday, March 31st. Nutrien’s dividend payout ratio is currently 157.67%.

Analyst Ratings Changes

Several equities research analysts have weighed in on NTR shares. CIBC reissued an “outperformer” rating and issued a $55.00 price target (down previously from $60.00) on shares of Nutrien in a report on Tuesday, December 10th. Scotiabank raised their price target on Nutrien from $59.00 to $60.00 and gave the stock a “sector outperform” rating in a report on Monday, February 10th. TD Securities lowered their price target on Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Raymond James raised Nutrien from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $58.00 to $60.00 in a report on Tuesday, December 3rd. Finally, JPMorgan Chase & Co. raised Nutrien from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $40.00 to $50.00 in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $59.22.

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.