Fruth Investment Management Sells 300 Shares of Nutrien Ltd (NYSE:NTR)

Fruth Investment Management reduced its stake in shares of Nutrien Ltd (NYSE:NTR) by 3.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 7,660 shares of the company’s stock after selling 300 shares during the period. Fruth Investment Management’s holdings in Nutrien were worth $404,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in shares of Nutrien by 64.4% in the third quarter. Bank of New York Mellon Corp now owns 1,960,391 shares of the company’s stock valued at $113,116,000 after buying an additional 768,242 shares during the period. Riverhead Capital Management LLC lifted its position in Nutrien by 121.3% in the 3rd quarter. Riverhead Capital Management LLC now owns 5,839 shares of the company’s stock valued at $334,000 after acquiring an additional 3,200 shares in the last quarter. Man Group plc lifted its position in Nutrien by 164.5% in the 3rd quarter. Man Group plc now owns 33,241 shares of the company’s stock valued at $1,918,000 after acquiring an additional 20,674 shares in the last quarter. Point72 Asset Management L.P. lifted its position in Nutrien by 144.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 186,563 shares of the company’s stock valued at $10,765,000 after acquiring an additional 110,263 shares in the last quarter. Finally, HPM Partners LLC lifted its position in shares of Nutrien by 33.4% during the 3rd quarter. HPM Partners LLC now owns 8,526 shares of the company’s stock worth $492,000 after buying an additional 2,134 shares in the last quarter. 66.63% of the stock is owned by institutional investors.

Shares of Nutrien stock traded down $1.01 on Thursday, reaching $50.60. The stock had a trading volume of 2,891,333 shares, compared to its average volume of 1,610,791. The company has a market cap of $31.85 billion, a P/E ratio of 18.81, a PEG ratio of 2.26 and a beta of 0.79. Nutrien Ltd has a 1 year low of $43.96 and a 1 year high of $58.99.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, February 6th. The company reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. Nutrien had a net margin of 18.20% and a return on equity of 12.95%. The company had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.61 billion. Nutrien’s revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, equities research analysts expect that Nutrien Ltd will post 2.99 earnings per share for the current fiscal year.

A number of research analysts recently weighed in on NTR shares. Cowen reiterated an “outperform” rating and issued a $63.00 price objective (down from $66.00) on shares of Nutrien in a research note on Tuesday, April 23rd. Zacks Investment Research raised shares of Nutrien from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 10th. Raymond James restated a “strong-buy” rating and set a $70.00 price objective on shares of Nutrien in a research report on Thursday, March 14th. Finally, Barclays reaffirmed a “buy” rating on shares of Nutrien in a research note on Sunday, February 10th. Six equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $61.50.

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Nutrien Profile

Nutrien Ltd. produces and markets crop nutrients to agricultural, industrial, and feed customers worldwide. It operates in four segments: Retail, Potash, Nitrogen, and Phosphate and Sulfate. The company offers potash, nitrogen, phosphate, and sulfate products. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through operating 1,700 retail locations.

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Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

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