Nutrien Ltd. (NYSE:NTR) Stock Position Raised by Alberta Investment Management Corp

Alberta Investment Management Corp lifted its holdings in Nutrien Ltd. (NYSE:NTR) by 4.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 908,840 shares of the company’s stock after acquiring an additional 38,000 shares during the quarter. Alberta Investment Management Corp’s holdings in Nutrien were worth $40,646,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Creative Planning increased its stake in shares of Nutrien by 1.3% in the third quarter. Creative Planning now owns 36,524 shares of the company’s stock worth $1,755,000 after purchasing an additional 473 shares during the period. Grace & White Inc. NY raised its position in Nutrien by 12.8% in the 3rd quarter. Grace & White Inc. NY now owns 99,700 shares of the company’s stock worth $4,792,000 after purchasing an additional 11,300 shares during the last quarter. International Assets Investment Management LLC bought a new position in Nutrien in the 3rd quarter worth approximately $2,296,000. Keene & Associates Inc. raised its position in shares of Nutrien by 3.2% during the 3rd quarter. Keene & Associates Inc. now owns 58,444 shares of the company’s stock valued at $2,809,000 after acquiring an additional 1,803 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Nutrien by 17.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 20,563 shares of the company’s stock valued at $989,000 after buying an additional 3,120 shares in the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Stock Performance

Shares of NYSE NTR opened at $51.66 on Wednesday. The firm has a 50 day moving average of $49.13 and a 200 day moving average of $48.13. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $25.37 billion, a price-to-earnings ratio of 34.67, a price-to-earnings-growth ratio of 1.14 and a beta of 0.81. Nutrien Ltd. has a 12-month low of $43.69 and a 12-month high of $60.87.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on NTR shares. 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 research note on Tuesday, November 12th. JPMorgan Chase & Co. upgraded Nutrien from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $40.00 to $50.00 in a report on Monday, January 13th. Oppenheimer initiated coverage on shares of Nutrien in a research report on Thursday, December 12th. They set an “outperform” rating and a $60.00 price objective for the company. Wells Fargo & Company lifted their price target on shares of Nutrien from $52.00 to $53.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 28th. Finally, Piper Sandler lifted their price objective on shares of Nutrien from $58.00 to $63.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Nutrien presently has an average rating of “Moderate Buy” and an average 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.