Mediolanum International Funds Ltd Lowers Holdings in Nutrien Ltd. $NTR

Mediolanum International Funds Ltd reduced its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 14.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 42,676 shares of the company’s stock after selling 7,447 shares during the period. Mediolanum International Funds Ltd’s holdings in Nutrien were worth $2,464,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Nutrien by 3.4% in the second quarter. Vanguard Group Inc. now owns 21,903,308 shares of the company’s stock valued at $1,276,328,000 after purchasing an additional 712,305 shares during the period. First Eagle Investment Management LLC raised its position in Nutrien by 14.0% in the 2nd quarter. First Eagle Investment Management LLC now owns 13,268,229 shares of the company’s stock valued at $772,742,000 after purchasing an additional 1,627,328 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Nutrien by 48.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 11,944,730 shares of the company’s stock valued at $696,058,000 after buying an additional 3,900,755 shares during the period. Norges Bank acquired a new position in shares of Nutrien during the second quarter worth about $395,842,000. Finally, ARGA Investment Management LP increased its stake in shares of Nutrien by 1.3% during the second quarter. ARGA Investment Management LP now owns 6,592,381 shares of the company’s stock worth $384,064,000 after buying an additional 81,537 shares during the period. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Wall Street Analysts Forecast Growth

NTR has been the subject of several analyst reports. Bank of America reiterated a “neutral” rating and set a $67.00 price target on shares of Nutrien in a report on Tuesday, October 14th. UBS Group increased their target price on Nutrien from $58.00 to $63.00 and gave the company a “neutral” rating in a report on Monday, January 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nutrien in a report on Monday, December 29th. Zacks Research upgraded Nutrien from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. Finally, Oppenheimer restated an “outperform” rating on shares of Nutrien in a research note on Tuesday, January 27th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $66.31.

Nutrien Trading Up 2.5%

NTR opened at $70.38 on Wednesday. The firm has a market cap of $33.92 billion, a price-to-earnings ratio of 18.97 and a beta of 0.73. Nutrien Ltd. has a 52 week low of $45.78 and a 52 week high of $73.07. The business’s 50 day moving average is $63.36 and its two-hundred day moving average is $59.68. The company has a quick ratio of 0.89, a current ratio of 1.41 and a debt-to-equity ratio of 0.39.

Nutrien (NYSE:NTR) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.91 by $0.06. Nutrien had a net margin of 6.79% and a return on equity of 7.54%. The firm had revenue of $5.82 billion during the quarter, compared to the consensus estimate of $5.59 billion. During the same quarter in the prior year, the firm earned $0.39 EPS. Nutrien’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, research analysts predict that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Profile

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.