Louisbourg Investments Inc. Lowers Position in Nutrien Ltd. (NYSE:NTR)

Louisbourg Investments Inc. lowered its stake in shares of Nutrien Ltd. (NYSE:NTR) by 1.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 88,643 shares of the company’s stock after selling 1,731 shares during the period. Louisbourg Investments Inc.’s holdings in Nutrien were worth $3,964,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. HHM Wealth Advisors LLC increased its holdings in shares of Nutrien by 331.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock worth $28,000 after buying an additional 480 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in Nutrien by 96.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock worth $38,000 after acquiring an additional 416 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Nutrien in the 4th quarter worth about $67,000. Larson Financial Group LLC lifted its stake in shares of Nutrien by 1,370.6% in the 3rd quarter. Larson Financial Group LLC now owns 1,603 shares of the company’s stock valued at $77,000 after purchasing an additional 1,494 shares in the last quarter. Finally, Cromwell Holdings LLC grew its holdings in shares of Nutrien by 113.4% during the 3rd quarter. Cromwell Holdings LLC now owns 1,694 shares of the company’s stock worth $82,000 after purchasing an additional 900 shares during the period. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Stock Performance

Shares of Nutrien stock opened at $51.82 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. Nutrien Ltd. has a 1 year low of $43.69 and a 1 year high of $60.87. The firm’s 50-day simple moving average is $48.87 and its 200-day simple moving average is $48.10. The firm has a market cap of $25.45 billion, a PE ratio of 34.78, a price-to-earnings-growth ratio of 1.13 and a beta of 0.81.

Analyst Ratings Changes

Several research analysts recently commented on NTR shares. Raymond James upgraded shares of Nutrien from a “market perform” rating to an “outperform” rating and raised their price target for the company from $58.00 to $60.00 in a report on Tuesday, December 3rd. Oppenheimer assumed coverage on shares of Nutrien in a research note on Thursday, December 12th. They issued an “outperform” rating and a $60.00 target price on the stock. Piper Sandler lifted their target price on shares of Nutrien from $58.00 to $63.00 and gave the company an “overweight” rating in a report on Monday, January 27th. JPMorgan Chase & Co. upgraded Nutrien from an “underweight” rating to a “neutral” rating and increased their price target for the company from $40.00 to $50.00 in a report on Monday, January 13th. Finally, Barclays restated an “equal weight” rating and set a $56.00 price objective (up previously from $55.00) on shares of Nutrien in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.