Financial Sense Advisors Inc. lifted its stake in Nutrien Ltd (NYSE:NTR) by 6.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 32,082 shares of the company’s stock after buying an additional 2,000 shares during the quarter. Nutrien makes up about 0.8% of Financial Sense Advisors Inc.’s holdings, making the stock its 24th biggest holding. Financial Sense Advisors Inc.’s holdings in Nutrien were worth $1,851,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of NTR. FNY Investment Advisers LLC grew its position in Nutrien by 4,210.3% during the 3rd quarter. FNY Investment Advisers LLC now owns 2,500 shares of the company’s stock worth $144,000 after acquiring an additional 2,442 shares during the last quarter. Capital Advisors Ltd. LLC bought a new stake in Nutrien during the 3rd quarter worth approximately $147,000. Whittier Trust Co. grew its position in Nutrien by 253.2% during the 2nd quarter. Whittier Trust Co. now owns 2,790 shares of the company’s stock worth $152,000 after acquiring an additional 2,000 shares during the last quarter. Bessemer Group Inc. bought a new stake in Nutrien during the 2nd quarter worth approximately $161,000. Finally, Huntington National Bank bought a new stake in Nutrien during the 2nd quarter worth approximately $199,000. 66.41% of the stock is owned by institutional investors and hedge funds.
NTR has been the topic of a number of research analyst reports. Citigroup increased their price target on Nutrien from $56.00 to $62.00 and gave the stock a “buy” rating in a research report on Wednesday, July 11th. Royal Bank of Canada increased their price target on Nutrien from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 18th. Zacks Investment Research upgraded Nutrien from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Wednesday, July 25th. BMO Capital Markets restated a “hold” rating and set a $54.00 price target on shares of Nutrien in a research report on Friday, August 3rd. Finally, Scotiabank restated a “buy” rating and set a $65.00 price target on shares of Nutrien in a research report on Friday, August 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $62.29.
Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, August 1st. The company reported $1.48 EPS for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.08. The firm had revenue of $8.15 billion for the quarter, compared to analyst estimates of $7.70 billion. Nutrien had a return on equity of 10.27% and a net margin of 9.83%. The firm’s revenue was up 10.8% compared to the same quarter last year. On average, equities research analysts predict that Nutrien Ltd will post 2.58 earnings per share for the current fiscal year.
Nutrien Ltd. produces and markets crop nutrients worldwide. The company offers potash, nitrogen, phosphate, and solid and liquid phosphate fertilizers; and phosphate feed, ammonium sulfate, and industrial acid products. It also retails seeds, crop protection and crop nutrient products, merchandise products, and agronomic services through operating 1,500 retail locations.
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