ARGA Investment Management LP Increases Stock Holdings in Nutrien Ltd. (NYSE:NTR)

ARGA Investment Management LP lifted its stake in Nutrien Ltd. (NYSE:NTR) by 25.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,043,590 shares of the company’s stock after acquiring an additional 1,236,671 shares during the period. Nutrien accounts for 8.8% of ARGA Investment Management LP’s portfolio, making the stock its 3rd largest position. ARGA Investment Management LP owned 1.23% of Nutrien worth $270,396,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Brown Lisle Cummings Inc. lifted its position in shares of Nutrien by 77.2% during the fourth quarter. Brown Lisle Cummings Inc. now owns 16,618 shares of the company’s stock valued at $744,000 after buying an additional 7,240 shares during the last quarter. HHM Wealth Advisors LLC raised its stake in shares of Nutrien by 331.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock worth $28,000 after acquiring an additional 480 shares in the last quarter. Abel Hall LLC purchased a new stake in Nutrien during the fourth quarter valued at approximately $276,000. Diversified Investment Strategies LLC boosted its stake in Nutrien by 0.8% in the fourth quarter. Diversified Investment Strategies LLC now owns 93,902 shares of the company’s stock valued at $4,202,000 after acquiring an additional 750 shares in the last quarter. Finally, Cascade Investment Advisors Inc. grew its holdings in Nutrien by 1.7% in the fourth quarter. Cascade Investment Advisors Inc. now owns 34,774 shares of the company’s stock worth $1,556,000 after purchasing an additional 590 shares during the last quarter. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on NTR shares. Barclays reiterated an “equal weight” rating and set a $56.00 price objective (up previously from $55.00) on shares of Nutrien in a report on Tuesday, January 21st. Raymond James raised Nutrien from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $58.00 to $60.00 in a report on Tuesday, December 3rd. UBS Group upped their price objective on shares of Nutrien from $51.00 to $53.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. Wells Fargo & Company lifted their target price on shares of Nutrien from $52.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 28th. Finally, TD Securities dropped their target price on shares of Nutrien from $63.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. One 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 MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $58.94.

Nutrien Stock Up 3.7 %

Nutrien stock opened at $52.86 on Wednesday. The business’s 50-day moving average price is $48.31 and its 200 day moving average price is $48.05. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The firm 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 52 week low of $43.69 and a 52 week high of $60.87.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The firm had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.26 billion. During the same period in the previous year, the business earned $0.35 EPS. Nutrien’s revenue for the quarter was down 5.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Nutrien Ltd. will post 3.49 earnings per share for the current year.

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.