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

Birch Hill Investment Advisors LLC lowered its position in shares of Nutrien Ltd. (NYSE:NTR) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,950 shares of the company’s stock after selling 200 shares during the period. Birch Hill Investment Advisors LLC’s holdings in Nutrien were worth $490,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NTR. Silchester International Investors LLP increased its holdings in Nutrien by 164.4% in the 3rd quarter. Silchester International Investors LLP now owns 10,683,242 shares of the company’s stock worth $513,437,000 after buying an additional 6,642,075 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Nutrien during the 3rd quarter valued at $150,181,000. ARGA Investment Management LP boosted its position in Nutrien by 25.7% in the fourth 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 last quarter. Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of Nutrien by 78.8% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,495,282 shares of the company’s stock worth $121,271,000 after buying an additional 1,100,000 shares during the last quarter. Finally, Toronto Dominion Bank grew its position in shares of Nutrien by 11.9% during 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. 63.10% of the stock is owned by institutional investors.

Nutrien Trading Down 0.4 %

NTR stock opened at $50.32 on Friday. Nutrien Ltd. has a twelve month low of $43.69 and a twelve month high of $60.87. The stock has a market capitalization of $24.71 billion, a price-to-earnings ratio of 33.77, a price-to-earnings-growth ratio of 1.13 and a beta of 0.81. 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’s fifty day simple moving average is $48.73 and its two-hundred day simple moving average is $48.11.

Nutrien (NYSE:NTR) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). The firm had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.26 billion. Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The business’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.35 earnings per share. As a group, analysts anticipate that Nutrien Ltd. will post 3.49 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NTR. TD Securities reduced their target price on shares of Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. JPMorgan Chase & Co. raised Nutrien from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $40.00 to $50.00 in a research note on Monday, January 13th. CIBC reissued an “outperformer” rating and issued a $55.00 price target (down from $60.00) on shares of Nutrien in a report on Tuesday, December 10th. Wells Fargo & Company increased their price objective on shares of Nutrien from $52.00 to $53.00 and gave the company an “equal weight” rating in a report on Tuesday, January 28th. Finally, Oppenheimer assumed coverage on shares of Nutrien in a report on Thursday, December 12th. They issued an “outperform” rating and a $60.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus 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.