Nutrien Ltd. (NYSE:NTR) Shares Sold by Cwm LLC

Cwm LLC trimmed its holdings in shares of Nutrien Ltd. (NYSE:NTRFree Report) by 89.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,166 shares of the company’s stock after selling 52,130 shares during the period. Cwm LLC’s holdings in Nutrien were worth $347,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Townsend & Associates Inc increased its holdings in shares of Nutrien by 27.8% in the 3rd quarter. Townsend & Associates Inc now owns 163,942 shares of the company’s stock worth $10,125,000 after acquiring an additional 35,690 shares during the period. CIBC Asset Management Inc increased its stake in Nutrien by 2.5% during the 3rd quarter. CIBC Asset Management Inc now owns 6,361,084 shares of the company’s stock valued at $394,047,000 after buying an additional 154,159 shares during the period. Canoe Financial LP increased its stake in Nutrien by 64.6% during the 3rd quarter. Canoe Financial LP now owns 75,945 shares of the company’s stock valued at $4,690,000 after buying an additional 29,819 shares during the period. International Assets Investment Management LLC acquired a new position in Nutrien during the 4th quarter valued at about $3,433,000. Finally, First Eagle Investment Management LLC increased its stake in Nutrien by 0.5% during the 3rd quarter. First Eagle Investment Management LLC now owns 9,262,659 shares of the company’s stock valued at $572,062,000 after buying an additional 48,230 shares during the period. 63.10% of the stock is owned by institutional investors and hedge funds.

Nutrien Stock Performance

NTR stock opened at $52.63 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.65 and a current ratio of 1.17. The stock has a market cap of $26.03 billion, a P/E ratio of 20.80, a P/E/G ratio of 1.97 and a beta of 0.89. The firm has a 50 day simple moving average of $53.35 and a 200 day simple moving average of $53.87. Nutrien Ltd. has a 52 week low of $47.90 and a 52 week high of $69.55.

Nutrien (NYSE:NTRGet Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.35). The company had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.36 billion. Nutrien had a return on equity of 8.59% and a net margin of 4.33%. The business’s revenue for the quarter was down 24.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.02 earnings per share. Research analysts anticipate that Nutrien Ltd. will post 3.82 earnings per share for the current fiscal year.

Nutrien Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were issued a dividend of $0.54 per share. This is a boost from Nutrien’s previous quarterly dividend of $0.53. This represents a $2.16 annualized dividend and a dividend yield of 4.10%. The ex-dividend date was Wednesday, March 27th. Nutrien’s dividend payout ratio (DPR) is currently 85.38%.

Analysts Set New Price Targets

Several research firms have commented on NTR. CIBC lowered their target price on shares of Nutrien from $87.00 to $76.00 and set an “outperform” rating on the stock in a research note on Friday, February 23rd. HSBC reduced their price objective on shares of Nutrien from $63.00 to $57.00 and set a “hold” rating for the company in a research report on Friday, March 8th. Stifel Nicolaus raised their price objective on shares of Nutrien from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, January 19th. Royal Bank of Canada reduced their price objective on shares of Nutrien from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, February 23rd. Finally, Raymond James lowered shares of Nutrien from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $80.00 to $65.00 in a research report on Friday, January 12th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $68.25.

Read Our Latest Stock Report on NTR

Nutrien Profile

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

Receive News & Ratings for Nutrien Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nutrien and related companies with MarketBeat.com's FREE daily email newsletter.