Beck Mack & Oliver LLC decreased its position in shares of Nutrien Ltd (NYSE:NTR) by 1.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 215,194 shares of the company’s stock after selling 3,800 shares during the quarter. Beck Mack & Oliver LLC’s holdings in Nutrien were worth $10,734,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of NTR. Cambiar Investors LLC acquired a new stake in shares of Nutrien during the 2nd quarter worth approximately $166,998,000. National Pension Service acquired a new stake in shares of Nutrien during the 2nd quarter worth approximately $69,931,000. Mackenzie Financial Corp grew its stake in shares of Nutrien by 11.3% during the 2nd quarter. Mackenzie Financial Corp now owns 8,580,722 shares of the company’s stock worth $458,725,000 after purchasing an additional 872,389 shares during the period. Nuveen Asset Management LLC acquired a new stake in shares of Nutrien during the 2nd quarter worth approximately $46,240,000. Finally, Beutel Goodman & Co Ltd. grew its stake in shares of Nutrien by 5.7% during the 2nd quarter. Beutel Goodman & Co Ltd. now owns 13,435,410 shares of the company’s stock worth $718,661,000 after purchasing an additional 718,508 shares during the period. 65.00% of the stock is currently owned by institutional investors and hedge funds.
NTR traded up $0.41 on Wednesday, hitting $46.65. 1,015,440 shares of the company’s stock were exchanged, compared to its average volume of 1,497,916. Nutrien Ltd has a fifty-two week low of $43.96 and a fifty-two week high of $56.00. The company has a current ratio of 1.28, a quick ratio of 0.77 and a debt-to-equity ratio of 0.41. The firm has a 50-day moving average price of $48.35 and a 200-day moving average price of $50.34. The stock has a market cap of $27.17 billion, a price-to-earnings ratio of 17.34, a P/E/G ratio of 2.61 and a beta of 0.89.
Nutrien (NYSE:NTR) last announced its earnings results on Monday, November 4th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.12). Nutrien had a return on equity of 6.49% and a net margin of 20.95%. The business had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.02 billion. During the same period last year, the firm earned $0.47 EPS. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, equities analysts predict that Nutrien Ltd will post 2.28 EPS for the current year.
A number of research firms recently issued reports on NTR. Zacks Investment Research raised shares of Nutrien from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Susquehanna Bancshares dropped their price target on shares of Nutrien from $65.00 to $61.00 in a research note on Tuesday, November 19th. JPMorgan Chase & Co. dropped their price target on shares of Nutrien from $54.00 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 2nd. Bank of America raised shares of Nutrien from a “neutral” rating to a “buy” rating and set a $54.00 price target on the stock in a research note on Monday, November 25th. Finally, Berenberg Bank reissued a “hold” rating and issued a $50.00 price target on shares of Nutrien in a research note on Wednesday, November 6th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Nutrien currently has a consensus rating of “Buy” and a consensus price target of $60.53.
Nutrien Ltd. produces and markets crop nutrients to agricultural, industrial, and feed customers worldwide. It operates in four segments: Retail, Potash, Nitrogen, and Phosphate and Sulfate. The company offers potash, nitrogen, phosphate, and sulfate products. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through operating 1,700 retail locations.
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