Pacer Advisors Inc. Trims Stake in Nutrien Ltd. (NYSE:NTR)

Pacer Advisors Inc. lowered its holdings in Nutrien Ltd. (NYSE:NTR) by 98.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,366 shares of the company’s stock after selling 293,427 shares during the period. Pacer Advisors Inc.’s holdings in Nutrien were worth $195,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Exchange Traded Concepts LLC raised its stake in Nutrien by 96.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock valued at $38,000 after purchasing an additional 416 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in Nutrien in the fourth quarter worth $67,000. Larson Financial Group LLC grew its position in Nutrien by 1,370.6% in the third quarter. Larson Financial Group LLC now owns 1,603 shares of the company’s stock worth $77,000 after acquiring an additional 1,494 shares in the last quarter. Cromwell Holdings LLC increased its stake in Nutrien by 113.4% in the third quarter. Cromwell Holdings LLC now owns 1,694 shares of the company’s stock valued at $82,000 after acquiring an additional 900 shares during the last quarter. Finally, Viking Fund Management LLC purchased a new stake in Nutrien during the third quarter valued at about $96,000. Institutional investors own 63.10% of the company’s stock.

Analysts Set New Price Targets

NTR has been the subject of a number of research reports. Wells Fargo & Company upped their price objective on Nutrien from $52.00 to $53.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 28th. TD Securities decreased their price target 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. 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 research note on Tuesday, December 3rd. JPMorgan Chase & Co. upgraded shares of Nutrien from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $40.00 to $50.00 in a research report on Monday, January 13th. Finally, Piper Sandler upped their price target on shares of Nutrien from $58.00 to $63.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $58.94.

Nutrien Stock Performance

NYSE:NTR opened at $52.86 on Wednesday. The firm’s fifty day simple moving average is $48.31 and its 200 day simple moving average is $48.05. Nutrien Ltd. has a twelve month low of $43.69 and a twelve month high of $60.87. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The stock has a market cap of $25.96 billion, a P/E ratio of 35.48, a price-to-earnings-growth ratio of 1.16 and a beta of 0.81.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, November 6th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). The firm had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $5.26 billion. Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The company’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.35 EPS. As a group, research analysts predict that Nutrien Ltd. will post 3.49 EPS for the current year.

Nutrien 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.