Private Advisor Group LLC Has $290,000 Stock Position in Nutrien Ltd. (NYSE:NTR)

Private Advisor Group LLC reduced its stake in Nutrien Ltd. (NYSE:NTR) by 3.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,039 shares of the company’s stock after selling 220 shares during the quarter. Private Advisor Group LLC’s holdings in Nutrien were worth $290,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Central Pacific Bank Trust Division acquired a new position in Nutrien in the third quarter valued at approximately $28,000. Family Firm Inc. acquired a new position in Nutrien in the second quarter valued at approximately $32,000. Trust Co. of Vermont lifted its stake in Nutrien by 50.0% in the second quarter. Trust Co. of Vermont now owns 900 shares of the company’s stock valued at $46,000 after buying an additional 300 shares during the period. Covestor Ltd lifted its stake in Nutrien by 33.3% in the first quarter. Covestor Ltd now owns 932 shares of the company’s stock valued at $50,000 after buying an additional 233 shares during the period. Finally, Andra AP fonden acquired a new position in Nutrien in the second quarter valued at approximately $51,000. 63.10% of the stock is owned by institutional investors and hedge funds.

Nutrien Stock Down 2.3 %

Shares of Nutrien stock opened at $49.49 on Thursday. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 0.37. The company’s fifty day simple moving average is $47.97 and its two-hundred day simple moving average is $50.65. The company has a market cap of $24.44 billion, a P/E ratio of 30.93, a PEG ratio of 1.66 and a beta of 0.82. Nutrien Ltd. has a 12-month low of $44.65 and a 12-month high of $60.87.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $2.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.19 by $0.15. The business had revenue of $10.16 billion for the quarter, compared to the consensus estimate of $10.82 billion. Nutrien had a net margin of 2.97% and a return on equity of 6.91%. The company’s quarterly revenue was down 12.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.53 EPS. Research analysts anticipate that Nutrien Ltd. will post 3.82 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on NTR. TD Securities decreased their price objective on Nutrien from $64.00 to $63.00 and set a “buy” rating for the company in a report on Tuesday. Hsbc Global Res downgraded Nutrien from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. Barclays reduced their price objective on Nutrien from $68.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday, August 16th. Wells Fargo & Company downgraded Nutrien from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $62.00 to $50.00 in a research note on Tuesday, September 24th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $60.00 price target on shares of Nutrien in a research report on Friday, September 20th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $60.44.

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.