Principal Financial Group Inc. Boosts Position in Nutrien Ltd. $NTR

Principal Financial Group Inc. increased its position in shares of Nutrien Ltd. (NYSE:NTR) by 292.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 238,811 shares of the company’s stock after acquiring an additional 177,886 shares during the quarter. Principal Financial Group Inc.’s holdings in Nutrien were worth $14,028,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Nutrien by 65.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,224 shares of the company’s stock worth $1,253,000 after purchasing an additional 9,950 shares during the period. NewEdge Advisors LLC increased its holdings in shares of Nutrien by 6.2% during the 1st quarter. NewEdge Advisors LLC now owns 6,907 shares of the company’s stock worth $343,000 after buying an additional 404 shares during the last quarter. Focus Partners Wealth purchased a new stake in shares of Nutrien during the 1st quarter valued at approximately $516,000. Acadian Asset Management LLC acquired a new position in Nutrien in the first quarter valued at approximately $54,000. Finally, US Bancorp DE grew its position in Nutrien by 1.1% in the second quarter. US Bancorp DE now owns 31,755 shares of the company’s stock worth $1,849,000 after acquiring an additional 345 shares during the period. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on NTR shares. Mizuho lifted their target price on Nutrien from $65.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. UBS Group raised their price objective on Nutrien from $58.00 to $63.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. Morgan Stanley raised shares of Nutrien from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $70.00 to $77.00 in a research report on Wednesday, January 14th. Oppenheimer reiterated an “outperform” rating on shares of Nutrien in a research report on Tuesday, January 27th. Finally, Scotiabank upped their price objective on shares of Nutrien from $63.00 to $70.00 and gave the stock a “sector perform” rating in a report on Monday, February 2nd. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $66.31.

Nutrien Stock Performance

NYSE NTR opened at $71.06 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.41 and a quick ratio of 0.89. The company has a market cap of $34.25 billion, a P/E ratio of 19.15 and a beta of 0.73. The stock has a 50-day moving average of $64.49 and a two-hundred day moving average of $60.02. Nutrien Ltd. has a 1-year low of $45.78 and a 1-year high of $73.07.

Nutrien Profile

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.