Fruth Investment Management Cuts Stock Position in Nutrien Ltd. (NYSE:NTR)

Fruth Investment Management trimmed its position in shares of Nutrien Ltd. (NYSE:NTR) by 3.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,280 shares of the company’s stock after selling 540 shares during the period. Fruth Investment Management’s holdings in Nutrien were worth $683,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of NTR. HHM Wealth Advisors LLC lifted its holdings in shares of Nutrien by 331.0% in 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 during the last quarter. Exchange Traded Concepts LLC raised its position in Nutrien by 96.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock worth $38,000 after purchasing an additional 416 shares during the period. Union Bancaire Privee UBP SA bought a new stake in Nutrien in the fourth quarter worth $67,000. Larson Financial Group LLC boosted its position in Nutrien by 1,370.6% during the third quarter. Larson Financial Group LLC now owns 1,603 shares of the company’s stock valued at $77,000 after buying an additional 1,494 shares during the period. Finally, Cromwell Holdings LLC grew its stake in shares of Nutrien by 113.4% during the third quarter. Cromwell Holdings LLC now owns 1,694 shares of the company’s stock valued at $82,000 after buying an additional 900 shares during the last quarter. Institutional investors own 63.10% of the company’s stock.

Wall Street Analyst Weigh In

NTR has been the subject of a number of recent research reports. Piper Sandler boosted their target price on Nutrien from $58.00 to $63.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. Wells Fargo & Company upped their price target 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. UBS Group raised their price target on Nutrien from $51.00 to $53.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. Oppenheimer assumed coverage on shares of Nutrien in a research report on Thursday, December 12th. They set an “outperform” rating and a $60.00 price objective on the stock. Finally, TD Securities dropped their target price on shares of Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. 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 stock has a consensus rating of “Moderate Buy” and a consensus target price of $58.94.

Nutrien Stock Performance

NTR stock opened at $51.79 on Thursday. The stock’s 50 day simple moving average is $48.45 and its 200 day simple moving average is $48.07. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. Nutrien Ltd. has a 12-month low of $43.69 and a 12-month high of $60.87. The stock has a market capitalization of $25.43 billion, a PE ratio of 34.76, a price-to-earnings-growth ratio of 1.16 and a beta of 0.81.

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

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.