Steward Partners Investment Advisory LLC lowered its stake in shares of Nutrien Ltd (NYSE:NTR) by 8.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,801 shares of the company’s stock after selling 267 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Nutrien were worth $139,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NTR. LS Investment Advisors LLC acquired a new position in shares of Nutrien in the second quarter valued at about $27,000. Bessemer Group Inc. lifted its holdings in Nutrien by 354.4% during the 2nd quarter. Bessemer Group Inc. now owns 727 shares of the company’s stock worth $39,000 after buying an additional 567 shares during the last quarter. Liberty Wealth Management LLC increased its position in shares of Nutrien by 340.5% during the second quarter. Liberty Wealth Management LLC now owns 740 shares of the company’s stock worth $40,000 after purchasing an additional 572 shares in the last quarter. Coastal Investment Advisors Inc. increased its position in shares of Nutrien by 63.8% during the second quarter. Coastal Investment Advisors Inc. now owns 929 shares of the company’s stock worth $49,000 after purchasing an additional 362 shares in the last quarter. Finally, SRS Capital Advisors Inc. acquired a new stake in shares of Nutrien during the second quarter worth about $51,000. 65.50% of the stock is currently owned by hedge funds and other institutional investors.
NTR stock opened at $49.11 on Friday. The stock’s 50 day moving average price is $49.38 and its 200 day moving average price is $50.97. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.79 and a current ratio of 1.35. The firm has a market cap of $28.51 billion, a P/E ratio of 18.26, a PEG ratio of 2.61 and a beta of 0.90. Nutrien Ltd has a 1 year low of $43.96 and a 1 year high of $56.66.
Nutrien (NYSE:NTR) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.12). The business had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.02 billion. Nutrien had a net margin of 20.95% and a return on equity of 6.44%. The company’s revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 earnings per share. On average, research analysts predict that Nutrien Ltd will post 2.38 earnings per share for the current year.
NTR has been the topic of several recent research reports. Stifel Nicolaus dropped their price target on Nutrien from $63.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, October 4th. Scotiabank set a $60.00 target price on Nutrien and gave the company a “buy” rating in a research note on Thursday, September 26th. Citigroup set a $61.00 target price on Nutrien and gave the company a “buy” rating in a research note on Wednesday, July 31st. CIBC set a $70.00 target price on Nutrien and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a $50.00 target price on shares of Nutrien in a research note on Wednesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $61.00.
Nutrien Ltd. produces and markets crop nutrients to agricultural, industrial, and feed customers worldwide. It operates in four segments: Retail, Potash, Nitrogen, and Phosphate and Sulfate. The company offers potash, nitrogen, phosphate, and sulfate products. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through operating 1,700 retail locations.
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