Nutrien Ltd. (NYSE:NTR) Holdings Lowered by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. lessened its stake in shares of Nutrien Ltd. (NYSE:NTR) by 7.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,336 shares of the company’s stock after selling 200 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Nutrien were worth $105,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its stake in Nutrien by 28.4% during the second quarter. AQR Capital Management LLC now owns 5,348 shares of the company’s stock valued at $272,000 after buying an additional 1,184 shares in the last quarter. CWM LLC boosted its position in shares of Nutrien by 30.6% during the 3rd quarter. CWM LLC now owns 7,738 shares of the company’s stock valued at $372,000 after purchasing an additional 1,815 shares in the last quarter. Cardinal Capital Management Inc. raised its holdings in shares of Nutrien by 4.3% in the 3rd quarter. Cardinal Capital Management Inc. now owns 564,078 shares of the company’s stock worth $27,139,000 after purchasing an additional 23,117 shares in the last quarter. Viking Fund Management LLC acquired a new stake in Nutrien during the third quarter valued at approximately $96,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its position in Nutrien by 58.1% in the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 2,598 shares of the company’s stock worth $125,000 after buying an additional 955 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised Nutrien from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $40.00 to $50.00 in a research note on Monday, January 13th. CIBC reaffirmed an “outperformer” rating and set a $55.00 price objective (down from $60.00) on shares of Nutrien in a research note on Tuesday, December 10th. Piper Sandler boosted their price target on shares of Nutrien from $58.00 to $63.00 and gave the company an “overweight” rating in a report on Monday, January 27th. Wells Fargo & Company raised their price objective on shares of Nutrien from $52.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 28th. Finally, Barclays restated an “equal weight” rating and issued a $56.00 target price (up previously from $55.00) on shares of Nutrien in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $58.94.

Nutrien Price Performance

NYSE NTR opened at $50.32 on Friday. Nutrien Ltd. has a fifty-two week low of $43.69 and a fifty-two week high of $60.87. The stock’s 50-day moving average is $48.73 and its two-hundred day moving average is $48.11. The firm has a market cap of $24.71 billion, a P/E 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 current ratio of 1.27 and a quick ratio of 0.82.

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