Cwm LLC Has $1.72 Million Stock Holdings in Nutrien Ltd. (NYSE:NTR)

Cwm LLC lowered its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 2.9% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,595 shares of the company’s stock after selling 1,046 shares during the period. Cwm LLC’s holdings in Nutrien were worth $1,718,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Allworth Financial LP raised its holdings in Nutrien by 117.1% in the 1st quarter. Allworth Financial LP now owns 938 shares of the company’s stock valued at $50,000 after buying an additional 506 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of 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. Summit Securities Group LLC grew its stake in shares of Nutrien by 225.0% in the fourth quarter. Summit Securities Group LLC now owns 1,300 shares of the company’s stock worth $58,000 after purchasing an additional 900 shares during the last quarter. HM Payson & Co. bought a new stake in shares of Nutrien in the first quarter worth $65,000. Finally, Lee Danner & Bass Inc. acquired a new stake in Nutrien in the fourth quarter valued at $67,000. 63.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NTR has been the subject of several recent analyst reports. Morgan Stanley raised their target price on Nutrien from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 26th. Scotiabank downgraded Nutrien from an “outperform” rating to a “sector perform” rating and set a $62.00 price target on the stock. in a research note on Thursday, May 22nd. The Goldman Sachs Group increased their price target on Nutrien from $53.00 to $59.00 and gave the stock a “sell” rating in a report on Friday, May 9th. BNP Paribas upgraded Nutrien to a “strong-buy” rating in a report on Wednesday, April 9th. Finally, UBS Group increased their target price on Nutrien from $52.00 to $56.00 and gave the stock a “neutral” rating in a report on Thursday, May 8th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Nutrien has a consensus rating of “Hold” and a consensus price target of $62.78.

Nutrien Trading Up 2.9%

Shares of Nutrien stock opened at $60.00 on Friday. The stock has a market capitalization of $29.22 billion, a P/E ratio of 56.08, a P/E/G ratio of 1.11 and a beta of 0.80. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.59 and a current ratio of 1.22. The stock’s 50-day simple moving average is $59.77 and its 200 day simple moving average is $54.42. Nutrien Ltd. has a 52-week low of $43.70 and a 52-week high of $65.08.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.24). Nutrien had a net margin of 2.05% and a return on equity of 6.08%. The company had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $5.16 billion. During the same quarter in the previous year, the firm posted $0.46 earnings per share. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. As a group, research analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Monday, June 30th were issued a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date of this dividend was Monday, June 30th. Nutrien’s payout ratio is 203.74%.

Nutrien Company 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.