Nutrien Ltd. $NTR Shares Sold by Public Sector Pension Investment Board

Public Sector Pension Investment Board cut its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 25.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 331,829 shares of the company’s stock after selling 115,500 shares during the period. Public Sector Pension Investment Board owned 0.07% of Nutrien worth $19,491,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of NTR. Versor Investments LP purchased a new position in Nutrien during the 3rd quarter worth $799,000. Blume Capital Management Inc. raised its holdings in shares of Nutrien by 1.1% in the third quarter. Blume Capital Management Inc. now owns 32,091 shares of the company’s stock valued at $1,884,000 after buying an additional 350 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Nutrien by 27.7% during the third quarter. Bessemer Group Inc. now owns 937 shares of the company’s stock worth $55,000 after buying an additional 203 shares during the period. Savant Capital LLC purchased a new position in shares of Nutrien during the third quarter worth about $224,000. Finally, Cornerstone Planning Group LLC increased its position in Nutrien by 5,726.6% in the 3rd quarter. Cornerstone Planning Group LLC now owns 3,729 shares of the company’s stock valued at $219,000 after acquiring an additional 3,665 shares during the period. 63.10% of the stock is owned by institutional investors and hedge funds.

Nutrien Trading Up 0.6%

NYSE:NTR opened at $70.83 on Friday. The stock has a fifty day moving average price of $65.16 and a two-hundred day moving average price of $60.26. The stock has a market capitalization of $34.10 billion, a price-to-earnings ratio of 19.09 and a beta of 0.73. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.89 and a current ratio of 1.41. Nutrien Ltd. has a 1 year low of $45.78 and a 1 year high of $73.55.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Zacks Research raised Nutrien from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 27th. UBS Group upped their price target on Nutrien from $58.00 to $63.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. Oppenheimer reaffirmed an “outperform” rating on shares of Nutrien in a report on Tuesday, January 27th. Wall Street Zen upgraded shares of Nutrien from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. 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 research report on Monday, February 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $66.31.

About Nutrien

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.