Foster & Motley Inc. Trims Stock Holdings in Nutrien Ltd. (NYSE:NTR)

Foster & Motley Inc. lowered its stake in shares of Nutrien Ltd. (NYSE:NTR) by 14.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 8,141 shares of the company’s stock after selling 1,419 shares during the period. Foster & Motley Inc.’s holdings in Nutrien were worth $391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Harvest Portfolios Group Inc. lifted its holdings in Nutrien by 20.3% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 56,012 shares of the company’s stock worth $2,692,000 after purchasing an additional 9,444 shares in the last quarter. CORDA Investment Management LLC. boosted its holdings in Nutrien by 7.0% in the 3rd quarter. CORDA Investment Management LLC. now owns 494,745 shares of the company’s stock valued at $23,777,000 after purchasing an additional 32,541 shares during the period. Intact Investment Management Inc. increased its holdings in shares of Nutrien by 2.9% in the third quarter. Intact Investment Management Inc. now owns 921,998 shares of the company’s stock worth $44,309,000 after purchasing an additional 26,229 shares during the period. Janney Montgomery Scott LLC boosted its stake in Nutrien by 25.7% during the third quarter. Janney Montgomery Scott LLC now owns 97,635 shares of the company’s stock valued at $4,692,000 after buying an additional 19,984 shares during the period. Finally, Allen Wealth Management LLC grew its position in Nutrien by 11.4% during the third quarter. Allen Wealth Management LLC now owns 29,435 shares of the company’s stock worth $1,415,000 after buying an additional 3,022 shares in the last quarter. 63.10% of the stock is owned by institutional investors.

Nutrien Stock Performance

Shares of NYSE:NTR opened at $48.94 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 0.37. The company has a market cap of $24.17 billion, a price-to-earnings ratio of 30.59, a price-to-earnings-growth ratio of 1.66 and a beta of 0.82. Nutrien Ltd. has a 12 month low of $44.65 and a 12 month high of $60.87. The company has a 50-day moving average price of $47.97 and a 200-day moving average price of $50.65.

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). Nutrien had a return on equity of 6.91% and a net margin of 2.97%. The business had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $5.26 billion. During the same quarter last year, the business posted $0.35 EPS. The company’s quarterly revenue was down 5.0% compared to the same quarter last year. As a group, equities analysts anticipate that Nutrien Ltd. will post 3.82 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NTR. Wells Fargo & Company downgraded shares of Nutrien from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $62.00 to $50.00 in a research note on Tuesday, September 24th. BMO Capital Markets dropped their price objective on shares of Nutrien from $80.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Scotiabank reduced their target price on Nutrien from $66.00 to $59.00 and set a “sector outperform” rating on the stock in a research note on Monday, August 12th. The Goldman Sachs Group lowered Nutrien from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $69.00 to $53.00 in a research note on Tuesday, September 10th. Finally, Barclays reduced their price objective on Nutrien from $68.00 to $55.00 and set an “overweight” rating on the stock in a research report on Friday, August 16th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $60.44.

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.