Truvestments Capital LLC bought a new stake in shares of Nutrien Ltd (NYSE:NTR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,011 shares of the company’s stock, valued at approximately $231,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. SG Capital Management LLC purchased a new position in Nutrien in the 3rd quarter worth $17,411,000. Aperio Group LLC grew its position in Nutrien by 3.7% during the 3rd quarter. Aperio Group LLC now owns 229,537 shares of the company’s stock worth $13,244,000 after purchasing an additional 8,248 shares during the period. Addenda Capital Inc. grew its position in Nutrien by 19.0% during the 3rd quarter. Addenda Capital Inc. now owns 374,849 shares of the company’s stock worth $21,777,000 after purchasing an additional 59,830 shares during the period. First Hawaiian Bank acquired a new stake in Nutrien during the 3rd quarter worth about $321,000. Finally, Manning & Napier Group LLC acquired a new stake in Nutrien during the 3rd quarter worth about $230,000. 66.65% of the stock is currently owned by institutional investors and hedge funds.
NTR opened at $56.98 on Wednesday. Nutrien Ltd has a 1-year low of $40.41 and a 1-year high of $58.99.
Nutrien (NYSE:NTR) last released its earnings results on Monday, November 5th. The company reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.03. Nutrien had a net margin of 9.83% and a return on equity of 10.27%. The business had revenue of $4.03 billion for the quarter, compared to analyst estimates of $3.83 billion. The firm’s revenue for the quarter was up 226.9% compared to the same quarter last year. On average, research analysts expect that Nutrien Ltd will post 2.58 EPS for the current year.
Several equities research analysts have weighed in on the company. Royal Bank of Canada set a $65.00 price target on Nutrien and gave the stock a “buy” rating in a research report on Tuesday, October 2nd. Scotiabank downgraded Nutrien from a “focus list” rating to an “outperform” rating in a research report on Thursday, September 20th. BMO Capital Markets restated a “hold” rating and set a $55.00 target price on shares of Nutrien in a research report on Wednesday, September 19th. UBS Group raised their target price on Nutrien from $63.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, October 2nd. Finally, TD Securities cut Nutrien from a “buy” rating to a “hold” rating and raised their target price for the company from $60.00 to $63.00 in a research report on Friday, August 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Nutrien presently has an average rating of “Buy” and an average target price of $62.29.
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Nutrien Company Profile
Nutrien Ltd. produces and markets crop nutrients worldwide. The company offers potash, nitrogen, phosphate, and solid and liquid phosphate fertilizers; and phosphate feed, ammonium sulfate, and industrial acid products. It also retails seeds, crop protection and crop nutrient products, merchandise products, and agronomic services through operating 1,500 retail locations.
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