Quantinno Capital Management LP Purchases 21,537 Shares of Nutrien Ltd. $NTR

Quantinno Capital Management LP boosted its position in Nutrien Ltd. (NYSE:NTR) by 25.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,693 shares of the company’s stock after purchasing an additional 21,537 shares during the period. Quantinno Capital Management LP’s holdings in Nutrien were worth $8,119,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of NTR. Montag A & Associates Inc. boosted its stake in shares of Nutrien by 310.7% during the fourth quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock valued at $26,000 after purchasing an additional 320 shares in the last quarter. Evolution Wealth Management Inc. acquired a new position in shares of Nutrien in the first quarter valued at approximately $32,000. Sfam LLC bought a new position in Nutrien in the 4th quarter valued at approximately $37,000. Harbour Investments Inc. raised its holdings in Nutrien by 97.2% in the 4th quarter. Harbour Investments Inc. now owns 704 shares of the company’s stock valued at $43,000 after buying an additional 347 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in Nutrien by 42.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 735 shares of the company’s stock worth $43,000 after buying an additional 219 shares during the period. 63.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NTR has been the topic of a number of research reports. Mizuho reduced their target price on shares of Nutrien from $77.00 to $75.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. National Bank Financial set a $76.00 price target on shares of Nutrien and gave the stock an “outperform” rating in a report on Monday, July 13th. Canadian Imperial Bank of Commerce reduced their price objective on shares of Nutrien from $90.00 to $88.00 and set an “outperformer” rating on the stock in a research note on Thursday, April 30th. TD Securities restated a “buy” rating on shares of Nutrien in a report on Wednesday, May 6th. Finally, Scotia raised Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 target price on the stock in a report on Tuesday, June 30th. Sixteen equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Nutrien presently has an average rating of “Moderate Buy” and a consensus price target of $81.84.

Nutrien Stock Up 1.5%

Shares of Nutrien stock opened at $66.95 on Wednesday. The stock’s 50-day moving average is $66.25 and its 200 day moving average is $70.47. Nutrien Ltd. has a one year low of $53.03 and a one year high of $85.36. The firm has a market cap of $32.03 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 0.66 and a beta of 0.61. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.24 and a quick ratio of 0.59.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The business had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. During the same period in the previous year, the company posted $0.11 earnings per share. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. Equities research analysts anticipate that Nutrien Ltd. will post 5.01 EPS for the current year.

About Nutrien

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.