Meixler Investment Management Ltd. Has $311,000 Stock Position in Nutrien Ltd. (NYSE:NTR)

Meixler Investment Management Ltd. reduced its position in shares of Nutrien Ltd. (NYSE:NTR) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,955 shares of the company’s stock after selling 204 shares during the period. Meixler Investment Management Ltd.’s holdings in Nutrien were worth $311,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Goodman Financial Corp raised its position in Nutrien by 4.6% during the third quarter. Goodman Financial Corp now owns 253,860 shares of the company’s stock valued at $12,201,000 after purchasing an additional 11,058 shares in the last quarter. CORDA Investment Management LLC. grew its stake in shares of Nutrien by 7.0% during the third quarter. CORDA Investment Management LLC. now owns 494,745 shares of the company’s stock worth $23,777,000 after buying an additional 32,541 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Nutrien by 10.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,742,351 shares of the company’s stock worth $83,812,000 after buying an additional 157,932 shares during the last quarter. Stephens Inc. AR grew its stake in shares of Nutrien by 335.0% in the third quarter. Stephens Inc. AR now owns 70,301 shares of the company’s stock worth $3,379,000 after purchasing an additional 54,138 shares during the last quarter. Finally, Covea Finance grew its stake in shares of Nutrien by 21.9% in the fourth quarter. Covea Finance now owns 55,600 shares of the company’s stock worth $2,485,000 after purchasing an additional 10,000 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Nutrien Trading Up 0.4 %

NTR opened at $50.92 on Friday. 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 Ltd. has a fifty-two week low of $43.69 and a fifty-two week high of $60.87. The firm has a market capitalization of $25.01 billion, a PE ratio of 34.18, a P/E/G ratio of 1.13 and a beta of 0.81. The company’s 50-day moving average is $49.02 and its 200 day moving average is $48.14.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NTR. Scotiabank boosted their price objective on shares of Nutrien from $59.00 to $60.00 and gave the stock a “sector outperform” rating in a research note on Monday, February 10th. Barclays reaffirmed an “equal weight” rating and set a $56.00 price target (up previously from $55.00) on shares of Nutrien in a research report on Tuesday, January 21st. 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 report on Tuesday, November 12th. Oppenheimer assumed coverage on shares of Nutrien in a research report on Thursday, December 12th. They set an “outperform” rating and a $60.00 price target on the stock. Finally, Piper Sandler upped their price target on shares of Nutrien from $58.00 to $63.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. One equities research 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’s stock. Based on data from MarketBeat, Nutrien has an average rating of “Moderate Buy” and a consensus price target of $59.00.

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.