Birch Hill Investment Advisors LLC Lowers Holdings in Nutrien Ltd. (NYSE:NTR)

Birch Hill Investment Advisors LLC decreased its position in shares of Nutrien Ltd. (NYSE:NTR) by 1.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,950 shares of the company’s stock after selling 200 shares during the quarter. Birch Hill Investment Advisors LLC’s holdings in Nutrien were worth $490,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in NTR. Silchester International Investors LLP grew its holdings in Nutrien by 9.5% during the 4th 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 in the last quarter. ARGA Investment Management LP lifted its position in shares of Nutrien by 25.7% in 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 period. National Bank of Canada FI lifted its position in shares of Nutrien by 4.1% in the 3rd quarter. National Bank of Canada FI now owns 4,232,211 shares of the company’s stock worth $203,380,000 after purchasing an additional 165,582 shares during the period. Toronto Dominion Bank boosted its stake in shares of Nutrien by 11.9% during the third quarter. Toronto Dominion Bank now owns 4,220,354 shares of the company’s stock valued at $202,830,000 after purchasing an additional 447,413 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Nutrien during the third quarter valued at approximately $150,181,000. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Price Performance

Shares of NYSE NTR opened at $50.32 on Friday. Nutrien Ltd. has a 52 week low of $43.69 and a 52 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 firm has a market cap of $24.71 billion, a P/E ratio of 33.77, a P/E/G ratio of 1.13 and a beta of 0.81. The business’s 50 day moving average price is $48.73 and its 200 day moving average price is $48.11.

Nutrien (NYSE:NTR) last posted its 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). The business had revenue of $5.35 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 earnings per share. On average, sell-side analysts expect that Nutrien Ltd. will post 3.49 earnings per share for the current year.

Analysts Set New Price Targets

NTR has been the subject of a number of analyst reports. UBS Group upped their target price on Nutrien from $51.00 to $53.00 and gave the stock a “neutral” rating in a report on Tuesday, January 28th. 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 research note on Tuesday, January 28th. Raymond James upgraded Nutrien from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $58.00 to $60.00 in a research note on Tuesday, December 3rd. Barclays reissued an “equal weight” rating and set a $56.00 price target (up from $55.00) on shares of Nutrien in a research report on Tuesday, January 21st. Finally, CIBC reaffirmed an “outperformer” rating and issued a $55.00 price objective (down previously from $60.00) on shares of Nutrien in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $58.94.

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.