Trust Co. of Vermont Raises Holdings in Nutrien Ltd. (NYSE:NTR)

Trust Co. of Vermont boosted its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 50.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 900 shares of the company’s stock after buying an additional 300 shares during the quarter. Trust Co. of Vermont’s holdings in Nutrien were worth $46,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Lindbrook Capital LLC grew its holdings in Nutrien by 21.4% in the first quarter. Lindbrook Capital LLC now owns 1,179 shares of the company’s stock worth $64,000 after purchasing an additional 208 shares during the last quarter. Moody National Bank Trust Division grew its holdings in Nutrien by 1.7% in the first quarter. Moody National Bank Trust Division now owns 12,582 shares of the company’s stock worth $683,000 after purchasing an additional 208 shares during the last quarter. Covestor Ltd grew its holdings in Nutrien by 33.3% in the first quarter. Covestor Ltd now owns 932 shares of the company’s stock worth $50,000 after purchasing an additional 233 shares during the last quarter. Capital Investment Counsel Inc grew its holdings in Nutrien by 2.8% in the fourth quarter. Capital Investment Counsel Inc now owns 8,856 shares of the company’s stock worth $501,000 after purchasing an additional 240 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its holdings in Nutrien by 4.4% in the first quarter. Oppenheimer & Co. Inc. now owns 6,572 shares of the company’s stock worth $357,000 after purchasing an additional 275 shares during the last quarter. 63.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NTR has been the topic of several analyst reports. Piper Sandler cut their price target on shares of Nutrien from $56.00 to $55.00 and set an “underweight” rating on the stock in a report on Tuesday, June 11th. Berenberg Bank raised shares of Nutrien from a “hold” rating to a “buy” rating and boosted their price objective for the company from $60.00 to $66.00 in a report on Monday, April 29th. TD Securities dropped their price objective on shares of Nutrien from $69.00 to $67.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Scotiabank dropped their price objective on shares of Nutrien from $67.00 to $66.00 and set an “outperform” rating on the stock in a report on Monday, May 13th. Finally, Mizuho raised shares of Nutrien from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 16th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $65.39.

Nutrien Price Performance

Shares of Nutrien stock traded up $0.35 during trading hours on Wednesday, reaching $47.53. The stock had a trading volume of 1,939,004 shares, compared to its average volume of 1,908,279. The stock’s 50 day moving average is $51.64 and its 200 day moving average is $52.82. The firm has a market capitalization of $23.51 billion, a PE ratio of 27.60, a PEG ratio of 1.65 and a beta of 0.83. Nutrien Ltd. has a twelve month low of $45.90 and a twelve month high of $69.09. The company has a current ratio of 1.15, a quick ratio of 0.53 and a debt-to-equity ratio of 0.36.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, May 8th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.11. The business had revenue of $5.39 billion during the quarter, compared to analysts’ expectations of $5.38 billion. Nutrien had a net margin of 3.01% and a return on equity of 7.31%. Equities analysts expect that Nutrien Ltd. will post 3.78 earnings per share for the current fiscal year.

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.