Grace & White Inc. NY Raises Stock Holdings in Nutrien Ltd. (NYSE:NTR)

Grace & White Inc. NY lifted its stake in shares of Nutrien Ltd. (NYSE:NTR) by 9.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 109,200 shares of the company’s stock after acquiring an additional 9,500 shares during the period. Grace & White Inc. NY’s holdings in Nutrien were worth $4,887,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Uncommon Cents Investing LLC boosted its stake in shares of Nutrien by 2.1% during the 4th quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company’s stock worth $517,000 after purchasing an additional 235 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Nutrien by 6.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,309 shares of the company’s stock valued at $207,000 after buying an additional 263 shares during the period. Meixler Investment Management Ltd. boosted its position in Nutrien by 4.2% during the third quarter. Meixler Investment Management Ltd. now owns 7,159 shares of the company’s stock worth $344,000 after acquiring an additional 288 shares during the last quarter. Atria Investments Inc grew its stake in Nutrien by 2.0% in the 3rd quarter. Atria Investments Inc now owns 14,636 shares of the company’s stock worth $703,000 after acquiring an additional 290 shares during the period. Finally, Kingsview Wealth Management LLC raised its holdings in Nutrien by 3.3% in the 3rd quarter. Kingsview Wealth Management LLC now owns 11,317 shares of the company’s stock valued at $544,000 after acquiring an additional 365 shares during the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Trading Down 3.6 %

Shares of NTR opened at $49.91 on Thursday. Nutrien Ltd. has a one year low of $43.69 and a one year high of $60.87. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. The company has a market capitalization of $24.51 billion, a P/E ratio of 33.50, a P/E/G ratio of 1.13 and a beta of 0.81. The stock has a 50-day moving average price of $48.87 and a 200 day moving average price of $48.10.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on NTR shares. UBS Group upped their target price on Nutrien from $51.00 to $53.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. Piper Sandler raised their target price on shares of Nutrien from $58.00 to $63.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. Raymond James raised shares of Nutrien from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $58.00 to $60.00 in a research report on Tuesday, December 3rd. Scotiabank lifted their target price on Nutrien from $59.00 to $60.00 and gave the company a “sector outperform” rating in a report on Monday. Finally, TD Securities cut their price objective on Nutrien from $63.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.00.

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.