Diligent Investors LLC Cuts Holdings in Nutrien Ltd (NTR)

Diligent Investors LLC lessened its holdings in shares of Nutrien Ltd (NYSE:NTR) by 23.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,425 shares of the company’s stock after selling 2,600 shares during the quarter. Diligent Investors LLC’s holdings in Nutrien were worth $486,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of NTR. Capital Advisors Ltd. LLC bought a new position in Nutrien in the 3rd quarter worth approximately $147,000. Whittier Trust Co. boosted its holdings in shares of Nutrien by 253.2% in the second quarter. Whittier Trust Co. now owns 2,790 shares of the company’s stock worth $152,000 after acquiring an additional 2,000 shares during the period. Bessemer Group Inc. bought a new position in shares of Nutrien in the second quarter worth $161,000. Huntington National Bank bought a new position in shares of Nutrien in the second quarter worth $199,000. Finally, Lapides Asset Management LLC bought a new position in shares of Nutrien in the second quarter worth $200,000. Hedge funds and other institutional investors own 66.38% of the company’s stock.

NYSE:NTR opened at $51.37 on Friday. The company has a market capitalization of $33.55 billion, a P/E ratio of 43.66, a PEG ratio of 1.51 and a beta of 0.70. Nutrien Ltd has a 1-year low of $40.41 and a 1-year high of $58.99.



Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, August 1st. The company reported $1.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.08. The firm had revenue of $8.15 billion during the quarter, compared to analyst estimates of $7.70 billion. Nutrien had a net margin of 9.83% and a return on equity of 10.27%. The firm’s revenue was up 10.8% on a year-over-year basis. On average, analysts expect that Nutrien Ltd will post 2.58 earnings per share for the current fiscal year.

Several brokerages have commented on NTR. ValuEngine downgraded Nutrien from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd. Zacks Investment Research downgraded Nutrien from a “buy” rating to a “hold” rating in a research note on Saturday, August 11th. Royal Bank of Canada set a $63.00 target price on Nutrien and gave the stock a “buy” rating in a research note on Thursday, August 2nd. Cleveland Research upgraded Nutrien from a “neutral” rating to a “buy” rating in a research note on Thursday, October 18th. Finally, Scotiabank restated a “buy” rating and issued a $65.00 target price on shares of Nutrien in a research note on Friday, August 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Nutrien has an average rating of “Buy” and an average target price of $62.12.

Nutrien Profile

Nutrien Ltd. produces and markets crop nutrients worldwide. The company offers potash, nitrogen, phosphate, and solid and liquid phosphate fertilizers; and phosphate feed, ammonium sulfate, and industrial acid products. It also retails seeds, crop protection and crop nutrient products, merchandise products, and agronomic services through operating 1,500 retail locations.

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Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

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