Nutrien Ltd. (NYSE:NTR) Shares Sold by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY trimmed its position in shares of Nutrien Ltd. (NYSE:NTR) by 11.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 455,429 shares of the company’s stock after selling 61,660 shares during the period. Miller Howard Investments Inc. NY owned about 0.09% of Nutrien worth $20,380,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC grew its stake in shares of Nutrien by 331.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock worth $28,000 after purchasing an additional 480 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Nutrien by 96.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock valued at $38,000 after acquiring an additional 416 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Nutrien in the 4th quarter valued at about $67,000. Larson Financial Group LLC lifted its stake in Nutrien by 1,370.6% during the third quarter. Larson Financial Group LLC now owns 1,603 shares of the company’s stock worth $77,000 after purchasing an additional 1,494 shares during the last quarter. Finally, Cromwell Holdings LLC boosted its holdings in Nutrien by 113.4% in the third quarter. Cromwell Holdings LLC now owns 1,694 shares of the company’s stock valued at $82,000 after purchasing an additional 900 shares in the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. UBS Group lifted their target price on Nutrien from $51.00 to $53.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. Barclays reissued an “equal weight” rating and set a $56.00 price objective (up previously from $55.00) on shares of Nutrien in a report on Tuesday, January 21st. JPMorgan Chase & Co. raised Nutrien from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $40.00 to $50.00 in a research note on Monday, January 13th. TD Securities reduced their price objective on Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Finally, Oppenheimer assumed coverage on Nutrien in a research report on Thursday, December 12th. They issued an “outperform” rating and a $60.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Nutrien presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.94.

Nutrien Stock Performance

Shares of NTR opened at $50.32 on Friday. The firm has a fifty day moving average of $48.73 and a 200-day moving average of $48.11. The company has a market cap of $24.71 billion, a price-to-earnings ratio of 33.77, a price-to-earnings-growth ratio of 1.13 and a beta of 0.81. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. Nutrien Ltd. has a 1 year low of $43.69 and a 1 year high of $60.87.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). The firm had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.26 billion. Nutrien had a net margin of 2.79% and a return on equity of 6.99%. Nutrien’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.35 EPS. As a group, equities analysts anticipate that Nutrien Ltd. will post 3.49 earnings per share for the current year.

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.