Four Tree Island Advisory LLC Purchases New Holdings in Nutrien Ltd. (NYSE:NTR)

Four Tree Island Advisory LLC acquired a new position in Nutrien Ltd. (NYSE:NTR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 11,613 shares of the company’s stock, valued at approximately $520,000. Nutrien comprises about 0.4% of Four Tree Island Advisory LLC’s holdings, making the stock its 19th largest holding.

Several other large investors also recently bought and sold shares of NTR. Uncommon Cents Investing LLC boosted its stake in shares of Nutrien by 2.1% in the fourth quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company’s stock worth $517,000 after acquiring an additional 235 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Nutrien by 6.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,309 shares of the company’s stock worth $207,000 after purchasing an additional 263 shares during the last quarter. Meixler Investment Management Ltd. boosted its stake in Nutrien by 4.2% during the 3rd quarter. Meixler Investment Management Ltd. now owns 7,159 shares of the company’s stock worth $344,000 after purchasing an additional 288 shares during the last quarter. Atria Investments Inc grew its holdings in shares of Nutrien by 2.0% during the third quarter. Atria Investments Inc now owns 14,636 shares of the company’s stock worth $703,000 after buying an additional 290 shares in the last quarter. Finally, Kingsview Wealth Management LLC raised its position in shares of Nutrien by 3.3% in the third quarter. Kingsview Wealth Management LLC now owns 11,317 shares of the company’s stock valued at $544,000 after buying an additional 365 shares during the last quarter. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on NTR shares. TD Securities decreased their target price on shares of Nutrien from $63.00 to $61.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. UBS Group lifted their price objective on Nutrien from $51.00 to $53.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. JPMorgan Chase & Co. upgraded Nutrien from an “underweight” rating to a “neutral” rating and upped their target price for the company from $40.00 to $50.00 in a report on Monday, January 13th. Oppenheimer started coverage on Nutrien in a report on Thursday, December 12th. They set an “outperform” rating and a $60.00 price target on the stock. Finally, Raymond James raised shares of Nutrien from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $58.00 to $60.00 in a report on Tuesday, December 3rd. 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $58.94.

Nutrien Stock Performance

NYSE:NTR opened at $50.32 on Monday. Nutrien Ltd. has a fifty-two week low of $43.69 and a fifty-two week high of $60.87. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. The company has a 50 day moving average price of $48.73 and a 200 day moving average price of $48.10. The stock has a market capitalization of $24.71 billion, a P/E ratio of 33.77, a PEG ratio of 1.13 and a beta of 0.81.

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.