Live Oak Private Wealth LLC Invests $609,000 in Nutrien Ltd. (NYSE:NTR)

Live Oak Private Wealth LLC purchased a new stake in shares of Nutrien Ltd. (NYSE:NTR) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 13,615 shares of the company’s stock, valued at approximately $609,000.

Other large investors have also recently added to or reduced their stakes in the company. Silchester International Investors LLP increased its stake in Nutrien by 9.5% during the fourth quarter. Silchester International Investors LLP now owns 11,693,137 shares of the company’s stock worth $523,268,000 after acquiring an additional 1,009,895 shares during the last quarter. ARGA Investment Management LP increased its position in shares of Nutrien by 25.7% during the 4th quarter. ARGA Investment Management LP now owns 6,043,590 shares of the company’s stock worth $270,396,000 after purchasing an additional 1,236,671 shares during the last quarter. National Bank of Canada FI raised its holdings in Nutrien by 4.1% in the 3rd quarter. National Bank of Canada FI now owns 4,232,211 shares of the company’s stock valued at $203,380,000 after buying an additional 165,582 shares during the period. Toronto Dominion Bank lifted its position in Nutrien by 11.9% in the third 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 last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Nutrien in the third quarter valued at about $150,181,000. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NTR has been the subject of several research reports. Barclays reiterated an “equal weight” rating and issued a $56.00 target price (up previously from $55.00) on shares of Nutrien in a report on Tuesday, January 21st. JPMorgan Chase & Co. upgraded Nutrien from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $40.00 to $50.00 in a report on Monday, January 13th. TD Securities lowered their target price on Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a 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, CIBC reissued an “outperformer” rating and set a $55.00 price target (down previously from $60.00) on shares of Nutrien in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $58.94.

Nutrien Stock Performance

NYSE:NTR opened at $50.51 on Friday. The firm’s fifty day simple moving average is $48.57 and its 200-day simple moving average is $48.10. Nutrien Ltd. has a fifty-two week low of $43.69 and a fifty-two week 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 $24.80 billion, a PE ratio of 33.90, a price-to-earnings-growth ratio of 1.16 and a beta of 0.81.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate 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 business’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.35 earnings per share. Analysts expect that Nutrien Ltd. will post 3.49 earnings per share for the current fiscal 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.