Silchester International Investors LLP Decreases Stock Holdings in Nutrien Ltd. $NTR

Silchester International Investors LLP lessened its stake in Nutrien Ltd. (NYSE:NTR) by 48.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 678,425 shares of the company’s stock after selling 631,240 shares during the quarter. Nutrien accounts for about 68.8% of Silchester International Investors LLP’s holdings, making the stock its biggest holding. Silchester International Investors LLP’s holdings in Nutrien were worth $42,707,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Montag A & Associates Inc. lifted its position in shares of Nutrien by 310.7% during the fourth quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock worth $26,000 after purchasing an additional 320 shares in the last quarter. Evolution Wealth Management Inc. acquired a new stake in shares of Nutrien in the first quarter valued at approximately $32,000. Sfam LLC bought a new position in Nutrien in the 4th quarter worth approximately $37,000. Harbour Investments Inc. raised its position in Nutrien by 97.2% in the 4th quarter. Harbour Investments Inc. now owns 704 shares of the company’s stock worth $43,000 after purchasing an additional 347 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in Nutrien by 42.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 735 shares of the company’s stock worth $43,000 after buying an additional 219 shares in the last quarter. 63.10% of the stock is owned by institutional investors.

Nutrien Price Performance

Nutrien stock opened at $66.95 on Wednesday. The firm has a market capitalization of $32.03 billion, a P/E ratio of 13.64, a PEG ratio of 0.66 and a beta of 0.61. Nutrien Ltd. has a 1 year low of $53.03 and a 1 year high of $85.36. The business has a 50-day moving average of $66.25 and a 200-day moving average of $70.47. The company has a current ratio of 1.24, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35.

Nutrien (NYSE:NTR) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.30 billion. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. Nutrien’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period last year, the company posted $0.11 EPS. On average, equities analysts anticipate that Nutrien Ltd. will post 5.01 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. National Bank Financial set a $76.00 price objective on Nutrien and gave the company an “outperform” rating in a research report on Monday, July 13th. Bank of America upgraded Nutrien from a “neutral” rating to a “buy” rating and set a $82.00 target price for the company in a research report on Thursday, April 30th. Raymond James Financial raised Nutrien from a “market perform” rating to an “outperform” rating and upped their price target for the company from $74.00 to $90.00 in a research note on Tuesday, May 5th. JPMorgan Chase & Co. raised their price target on Nutrien from $78.00 to $80.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Finally, Weiss Ratings upgraded Nutrien from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 1st. Sixteen equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Nutrien presently has a consensus rating of “Moderate Buy” and an average price target of $81.84.

About Nutrien

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.