Live Oak Private Wealth LLC Takes $609,000 Position in Nutrien Ltd. (NYSE:NTR)

Live Oak Private Wealth LLC bought a new position in shares of Nutrien Ltd. (NYSE:NTR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 13,615 shares of the company’s stock, valued at approximately $609,000.

Other large investors have also recently bought and sold shares of the company. HHM Wealth Advisors LLC lifted its stake in Nutrien by 331.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock valued at $28,000 after acquiring an additional 480 shares during the period. Exchange Traded Concepts LLC lifted its position in Nutrien by 96.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock valued at $38,000 after purchasing an additional 416 shares during the period. Union Bancaire Privee UBP SA acquired a new position in Nutrien during the fourth quarter valued at $67,000. Larson Financial Group LLC boosted its holdings in Nutrien by 1,370.6% in the third quarter. Larson Financial Group LLC now owns 1,603 shares of the company’s stock valued at $77,000 after purchasing an additional 1,494 shares during the last quarter. Finally, Cromwell Holdings LLC raised its stake in shares of Nutrien by 113.4% during the 3rd quarter. Cromwell Holdings LLC now owns 1,694 shares of the company’s stock valued at $82,000 after buying an additional 900 shares during the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on NTR shares. UBS Group upped their target price on Nutrien from $51.00 to $53.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. TD Securities lowered their price objective on Nutrien from $63.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Barclays reaffirmed an “equal weight” rating and set a $56.00 target price (up from $55.00) on shares of Nutrien in a report on Tuesday, January 21st. Oppenheimer began coverage on shares of Nutrien in a report on Thursday, December 12th. They set an “outperform” rating and a $60.00 price target on the stock. Finally, Raymond James upgraded shares of Nutrien from a “market perform” rating to an “outperform” rating and raised their price target for the company from $58.00 to $60.00 in a research report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $58.94.

Nutrien Price Performance

Shares of Nutrien stock opened at $50.51 on Friday. The stock has a market capitalization of $24.80 billion, a P/E ratio of 33.90, a PEG ratio of 1.16 and a beta of 0.81. The business has a 50 day simple moving average of $48.57 and a two-hundred day simple moving average of $48.10. Nutrien Ltd. has a 12 month low of $43.69 and a 12 month 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.

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 analysts’ expectations of $5.26 billion. Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The firm’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.35 earnings per share. As a group, analysts predict that Nutrien Ltd. will post 3.49 EPS for the current fiscal year.

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.