D.A. Davidson & CO. Trims Position in Nutrien Ltd. (NYSE:NTR)

D.A. Davidson & CO. lessened its stake in shares of Nutrien Ltd. (NYSE:NTR) by 9.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 120,593 shares of the company’s stock after selling 13,037 shares during the period. D.A. Davidson & CO.’s holdings in Nutrien were worth $5,397,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Silchester International Investors LLP raised its holdings in Nutrien by 164.4% in the 3rd quarter. Silchester International Investors LLP now owns 10,683,242 shares of the company’s stock valued at $513,437,000 after buying an additional 6,642,075 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Nutrien in the 3rd quarter valued at about $150,181,000. ARGA Investment Management LP raised its holdings in Nutrien by 25.7% in the 4th quarter. ARGA Investment Management LP now owns 6,043,590 shares of the company’s stock valued at $270,396,000 after buying an additional 1,236,671 shares during the period. Clal Insurance Enterprises Holdings Ltd raised its holdings in Nutrien by 78.8% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,495,282 shares of the company’s stock valued at $121,271,000 after buying an additional 1,100,000 shares during the period. Finally, Toronto Dominion Bank raised its holdings in Nutrien by 11.9% in the 3rd quarter. Toronto Dominion Bank now owns 4,220,354 shares of the company’s stock valued at $202,830,000 after buying an additional 447,413 shares during the period. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Stock Performance

Shares of Nutrien stock opened at $52.35 on Thursday. The business has a 50-day simple moving average of $49.22 and a 200-day simple moving average of $48.16. 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 market cap of $25.71 billion, a PE ratio of 35.13, a P/E/G ratio of 1.14 and a beta of 0.81. Nutrien Ltd. has a one year low of $43.69 and a one year high of $60.87.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). Nutrien had a net margin of 2.79% and a return on equity of 6.99%. On average, equities research analysts forecast that Nutrien Ltd. will post 3.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NTR has been the topic of several research analyst reports. CIBC restated an “outperformer” rating and issued a $55.00 price objective (down from $60.00) on shares of Nutrien in a report on Tuesday, December 10th. Wells Fargo & Company boosted their price objective on shares of Nutrien from $52.00 to $53.00 and gave the company an “equal weight” rating in a report on Tuesday, January 28th. TD Securities dropped their target price on Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. UBS Group lifted their target price on Nutrien from $51.00 to $53.00 and gave the company a “neutral” rating in a research report on Tuesday, January 28th. Finally, Oppenheimer assumed coverage on Nutrien in a research report on Thursday, December 12th. They issued an “outperform” rating and a $60.00 target price for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $59.00.

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.