Wilmington Savings Fund Society FSB Buys 6,988 Shares of Nutrien Ltd. (NYSE:NTR)

Wilmington Savings Fund Society FSB increased its position in shares of Nutrien Ltd. (NYSE:NTR) by 15.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 53,540 shares of the company’s stock after buying an additional 6,988 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Nutrien were worth $2,396,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Silchester International Investors LLP raised its holdings in shares of Nutrien by 9.5% in the 4th quarter. Silchester International Investors LLP now owns 11,693,137 shares of the company’s stock valued at $523,268,000 after purchasing an additional 1,009,895 shares during the period. ARGA Investment Management LP lifted its position in shares of Nutrien by 25.7% in the fourth quarter. ARGA Investment Management LP now owns 6,043,590 shares of the company’s stock valued at $270,396,000 after buying an additional 1,236,671 shares during the last quarter. National Bank of Canada FI increased its holdings in shares of Nutrien by 4.1% during the 3rd quarter. National Bank of Canada FI now owns 4,232,211 shares of the company’s stock worth $203,380,000 after acquiring an additional 165,582 shares during the last quarter. Toronto Dominion Bank raised its stake in Nutrien by 11.9% in the 3rd quarter. Toronto Dominion Bank now owns 4,220,354 shares of the company’s stock valued at $202,830,000 after acquiring an additional 447,413 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Nutrien during the 3rd quarter valued at $150,181,000. 63.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on NTR shares. JPMorgan Chase & Co. raised shares of Nutrien from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $40.00 to $50.00 in a research report on Monday, January 13th. CIBC reiterated an “outperformer” rating and set a $55.00 target price (down previously from $60.00) on shares of Nutrien in a research note on Tuesday, December 10th. TD Securities reduced their price target on Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Raymond James upgraded Nutrien from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $58.00 to $60.00 in a research report on Tuesday, December 3rd. Finally, Piper Sandler upped their price target on shares of Nutrien from $58.00 to $63.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Nutrien presently has an average rating of “Moderate Buy” and a consensus target price of $58.94.

Nutrien Stock Down 0.4 %

Shares of NYSE NTR opened at $50.32 on Monday. Nutrien Ltd. has a 1 year low of $43.69 and a 1 year high of $60.87. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82. The firm has a market cap of $24.71 billion, a PE ratio of 33.77, a price-to-earnings-growth ratio of 1.13 and a beta of 0.81. The company has a 50 day simple moving average of $48.73 and a 200 day simple moving average of $48.10.

About Nutrien

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.