Nutrien Ltd. (NYSE:NTR) Shares Sold by Meitav Investment House Ltd.

Meitav Investment House Ltd. cut its stake in shares of Nutrien Ltd. (NYSE:NTR) by 0.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 635,900 shares of the company’s stock after selling 500 shares during the period. Meitav Investment House Ltd. owned approximately 0.13% of Nutrien worth $28,690,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Uncommon Cents Investing LLC increased its holdings in shares of Nutrien by 2.1% in the 4th quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company’s stock valued at $517,000 after acquiring an additional 235 shares during the last quarter. Rhumbline Advisers raised its holdings in Nutrien by 3.5% during the fourth quarter. Rhumbline Advisers now owns 7,398 shares of the company’s stock worth $331,000 after purchasing an additional 247 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Nutrien by 6.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,309 shares of the company’s stock valued at $207,000 after buying an additional 263 shares in the last quarter. Meixler Investment Management Ltd. grew its stake in shares of Nutrien by 4.2% during the 3rd quarter. Meixler Investment Management Ltd. now owns 7,159 shares of the company’s stock worth $344,000 after purchasing an additional 288 shares during the period. Finally, Atria Investments Inc increased its holdings in Nutrien by 2.0% in the third quarter. Atria Investments Inc now owns 14,636 shares of the company’s stock valued at $703,000 after buying an additional 290 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Scotiabank upped their price target on shares of Nutrien from $59.00 to $60.00 and gave the company a “sector outperform” rating in a report on Monday, February 10th. JPMorgan Chase & Co. raised shares of Nutrien from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $40.00 to $50.00 in a research note on Monday, January 13th. Barclays reiterated an “equal weight” rating and set a $56.00 target price (up previously from $55.00) on shares of Nutrien in a report on Tuesday, January 21st. TD Securities cut their price objective on Nutrien from $63.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Finally, Piper Sandler boosted their price objective on shares of Nutrien from $58.00 to $63.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $59.00.

Nutrien Trading Up 1.3 %

Shares of Nutrien stock opened at $52.35 on Thursday. The firm has a 50-day moving average of $49.22 and a 200-day moving average of $48.16. Nutrien Ltd. has a 52-week low of $43.69 and a 52-week high of $60.87. The stock has a market cap of $25.64 billion, a PE ratio of 35.13, a PEG ratio of 1.16 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 (NYSE:NTR) last issued its earnings results on Wednesday, February 19th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.09). Nutrien had a return on equity of 6.99% and a net margin of 2.79%. As a group, sell-side analysts forecast that Nutrien Ltd. will post 3.49 EPS for the current year.

About Nutrien

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.