Strategic Financial Concepts LLC Takes Position in Nutrien Ltd. (NYSE:NTR)

Strategic Financial Concepts LLC purchased a new stake in Nutrien Ltd. (NYSE:NTR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,700 shares of the company’s stock, valued at approximately $210,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Bleakley Financial Group LLC lifted its holdings in shares of Nutrien by 5.4% in the 4th quarter. Bleakley Financial Group LLC now owns 16,776 shares of the company’s stock worth $751,000 after buying an additional 855 shares during the period. ARGA Investment Management LP lifted its stake in Nutrien by 25.7% in the fourth quarter. ARGA Investment Management LP now owns 6,043,590 shares of the company’s stock worth $270,396,000 after acquiring an additional 1,236,671 shares during the period. Brown Lisle Cummings Inc. grew its holdings in Nutrien by 77.2% during the 4th quarter. Brown Lisle Cummings Inc. now owns 16,618 shares of the company’s stock worth $744,000 after acquiring an additional 7,240 shares in the last quarter. HHM Wealth Advisors LLC grew its holdings in Nutrien by 331.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock worth $28,000 after acquiring an additional 480 shares in the last quarter. Finally, Abel Hall LLC purchased a new position in Nutrien during the 4th quarter valued at about $276,000. Institutional investors own 63.10% of the company’s stock.

Wall Street Analyst Weigh In

NTR has been the topic of several recent research reports. Raymond James raised Nutrien from a “market perform” rating to an “outperform” rating and increased their target price for the company from $58.00 to $60.00 in a research report on Tuesday, December 3rd. Wells Fargo & Company increased their price target on shares of Nutrien from $52.00 to $53.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 28th. Oppenheimer initiated coverage on shares of Nutrien in a research report on Thursday, December 12th. They issued an “outperform” rating and a $60.00 price objective on the stock. TD Securities reduced their price objective on shares of Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. upgraded shares of Nutrien from an “underweight” rating to a “neutral” rating and raised their target price for the company from $40.00 to $50.00 in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Nutrien has a consensus rating of “Moderate Buy” and a consensus target price of $59.00.

Nutrien Price Performance

Shares of NYSE NTR opened at $49.91 on Thursday. Nutrien Ltd. has a 52 week low of $43.69 and a 52 week high of $60.87. The business’s 50 day moving average price is $48.87 and its 200 day moving average price is $48.10. 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 firm has a market cap of $24.51 billion, a P/E ratio of 33.50, a P/E/G ratio of 1.13 and a beta of 0.81.

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.