Weatherly Asset Management L. P. Sells 2,020 Shares of Nutrien Ltd. (NYSE:NTR)

Weatherly Asset Management L. P. lessened its holdings in Nutrien Ltd. (NYSE:NTR) by 4.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 39,723 shares of the company’s stock after selling 2,020 shares during the period. Weatherly Asset Management L. P.’s holdings in Nutrien were worth $1,798,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Silchester International Investors LLP lifted its stake in shares of Nutrien by 164.4% in the third quarter. Silchester International Investors LLP now owns 10,683,242 shares of the company’s stock worth $513,437,000 after acquiring an additional 6,642,075 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Nutrien in the third quarter worth approximately $150,181,000. ARGA Investment Management LP lifted its stake in shares of Nutrien by 25.7% in the fourth quarter. ARGA Investment Management LP now owns 6,043,590 shares of the company’s stock worth $270,396,000 after acquiring an additional 1,236,671 shares during the period. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Nutrien by 78.8% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,495,282 shares of the company’s stock worth $121,271,000 after acquiring an additional 1,100,000 shares during the period. Finally, Toronto Dominion Bank lifted its stake in shares of Nutrien by 11.9% in the third quarter. Toronto Dominion Bank now owns 4,220,354 shares of the company’s stock worth $202,830,000 after acquiring an additional 447,413 shares during the period. Institutional investors own 63.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on NTR shares. Scotiabank lifted their price objective on Nutrien from $59.00 to $60.00 and gave the stock a “sector outperform” rating in a research note on Monday. Raymond James raised Nutrien from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $58.00 to $60.00 in a research note on Tuesday, December 3rd. CIBC reissued an “outperformer” rating and issued a $55.00 price target (down from $60.00) on shares of Nutrien in a research note on Tuesday, December 10th. JPMorgan Chase & Co. raised Nutrien from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $40.00 to $50.00 in a research note on Monday, January 13th. Finally, UBS Group boosted their price target on Nutrien from $51.00 to $53.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $59.00.

Nutrien Stock Up 3.3 %

Shares of NYSE:NTR opened at $51.95 on Tuesday. The company has a market capitalization of $25.51 billion, a PE ratio of 34.87, 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. The business has a fifty day moving average price of $48.73 and a two-hundred day moving average price of $48.09. Nutrien Ltd. has a 1 year low of $43.69 and a 1 year high of $60.87.

About Nutrien

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.