Four Tree Island Advisory LLC Acquires Shares of 11,613 Nutrien Ltd. (NYSE:NTR)

Four Tree Island Advisory LLC bought a new position in shares of Nutrien Ltd. (NYSE:NTR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,613 shares of the company’s stock, valued at approximately $520,000. Nutrien accounts for approximately 0.4% of Four Tree Island Advisory LLC’s portfolio, making the stock its 19th biggest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Goodman Financial Corp increased its holdings in shares of Nutrien by 4.6% in the 3rd quarter. Goodman Financial Corp now owns 253,860 shares of the company’s stock valued at $12,201,000 after acquiring an additional 11,058 shares during the period. CORDA Investment Management LLC. boosted its position in Nutrien by 7.0% during the third quarter. CORDA Investment Management LLC. now owns 494,745 shares of the company’s stock valued at $23,777,000 after purchasing an additional 32,541 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Nutrien by 10.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,742,351 shares of the company’s stock valued at $83,812,000 after purchasing an additional 157,932 shares during the last quarter. Cardinal Capital Management Inc. raised its holdings in Nutrien by 4.3% in the third quarter. Cardinal Capital Management Inc. now owns 564,078 shares of the company’s stock worth $27,139,000 after purchasing an additional 23,117 shares in the last quarter. Finally, Stephens Inc. AR lifted its position in shares of Nutrien by 335.0% during the third quarter. Stephens Inc. AR now owns 70,301 shares of the company’s stock valued at $3,379,000 after buying an additional 54,138 shares during the last quarter. Institutional investors own 63.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on NTR shares. UBS Group increased their target price on shares of Nutrien from $51.00 to $53.00 and gave the company a “neutral” rating in a research report on Tuesday, January 28th. TD Securities decreased their price objective on Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Oppenheimer started coverage on Nutrien in a research note on Thursday, December 12th. They set an “outperform” rating and a $60.00 target price on the stock. Wells Fargo & Company increased their price target on Nutrien from $52.00 to $53.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 28th. Finally, JPMorgan Chase & Co. raised Nutrien from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $40.00 to $50.00 in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $58.94.

Nutrien Price Performance

NYSE:NTR opened at $50.32 on Monday. The company has a 50 day moving average price of $48.73 and a 200-day moving average price of $48.10. Nutrien Ltd. has a 1-year low of $43.69 and a 1-year high of $60.87. The firm has a market cap of $24.71 billion, a price-to-earnings ratio of 33.77, a price-to-earnings-growth ratio of 1.13 and a beta of 0.81. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82.

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.