Nutrien Ltd. (NYSE:NTR) Stock Holdings Boosted by ARGA Investment Management LP

ARGA Investment Management LP boosted its stake in shares of Nutrien Ltd. (NYSE:NTR) by 25.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 6,043,590 shares of the company’s stock after purchasing an additional 1,236,671 shares during the period. Nutrien makes up about 8.8% of ARGA Investment Management LP’s investment portfolio, making the stock its 3rd biggest position. ARGA Investment Management LP’s holdings in Nutrien were worth $270,396,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NTR. Uncommon Cents Investing LLC grew its position in shares of Nutrien by 2.1% during the fourth quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company’s stock worth $517,000 after buying an additional 235 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Nutrien by 6.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,309 shares of the company’s stock worth $207,000 after acquiring an additional 263 shares during the last quarter. Meixler Investment Management Ltd. grew its holdings in 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 acquiring an additional 288 shares in the last quarter. Atria Investments Inc increased its position in shares of Nutrien by 2.0% in the 3rd quarter. Atria Investments Inc now owns 14,636 shares of the company’s stock valued at $703,000 after purchasing an additional 290 shares during the last quarter. Finally, Kingsview Wealth Management LLC raised its holdings in shares of Nutrien by 3.3% in the 3rd quarter. Kingsview Wealth Management LLC now owns 11,317 shares of the company’s stock valued at $544,000 after purchasing an additional 365 shares in the last quarter. 63.10% of the stock is owned by hedge funds and other institutional investors.

Nutrien Stock Performance

Shares of NTR stock opened at $52.86 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. The stock has a 50 day simple moving average of $48.31 and a 200-day simple moving average of $48.05. The company has a market cap of $25.96 billion, a price-to-earnings ratio of 35.48, a price-to-earnings-growth ratio of 1.16 and a beta of 0.81. Nutrien Ltd. has a 12-month low of $43.69 and a 12-month high of $60.87.

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Oppenheimer began coverage on Nutrien in a research report on Thursday, December 12th. They set an “outperform” rating and a $60.00 target price on the stock. JPMorgan Chase & Co. upgraded shares of Nutrien from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $40.00 to $50.00 in a research report on Monday, January 13th. CIBC restated an “outperformer” rating and issued a $55.00 target price (down previously from $60.00) on shares of Nutrien in a report on Tuesday, December 10th. TD Securities cut their price target on shares of Nutrien from $63.00 to $61.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Finally, Piper Sandler raised their price objective on Nutrien from $58.00 to $63.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Nutrien currently has an average rating of “Moderate Buy” and an average price target of $58.94.

Nutrien Company 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.