Miller Howard Investments Inc. NY Has $20.38 Million Stake in Nutrien Ltd. (NYSE:NTR)

Miller Howard Investments Inc. NY trimmed its position in shares of Nutrien Ltd. (NYSE:NTR) by 11.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 455,429 shares of the company’s stock after selling 61,660 shares during the period. Miller Howard Investments Inc. NY’s holdings in Nutrien were worth $20,380,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of NTR. AQR Capital Management LLC raised its position in Nutrien by 28.4% in the second quarter. AQR Capital Management LLC now owns 5,348 shares of the company’s stock worth $272,000 after purchasing an additional 1,184 shares in the last quarter. CWM LLC lifted its position in shares of Nutrien by 30.6% during the 3rd quarter. CWM LLC now owns 7,738 shares of the company’s stock worth $372,000 after buying an additional 1,815 shares during the period. Cardinal Capital Management Inc. grew its position in Nutrien by 4.3% in the third quarter. Cardinal Capital Management Inc. now owns 564,078 shares of the company’s stock valued at $27,139,000 after acquiring an additional 23,117 shares during the period. Viking Fund Management LLC acquired a new position in Nutrien during the third quarter worth $96,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its holdings in shares of Nutrien by 58.1% during the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 2,598 shares of the company’s stock valued at $125,000 after acquiring an additional 955 shares during the period. 63.10% of the stock is currently owned by institutional investors.

Nutrien Stock Down 0.4 %

Shares of NTR stock opened at $50.32 on Friday. Nutrien Ltd. has a 52-week low of $43.69 and a 52-week high of $60.87. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. The stock has a market cap of $24.71 billion, a price-to-earnings ratio of 33.77, a PEG ratio of 1.13 and a beta of 0.81. The firm’s 50-day moving average is $48.73 and its 200-day moving average is $48.11.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The business had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.26 billion. During the same period in the previous year, the business earned $0.35 earnings per share. The business’s quarterly revenue was down 5.0% on a year-over-year basis. Sell-side analysts predict that Nutrien Ltd. will post 3.49 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NTR. Raymond James upgraded Nutrien from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $58.00 to $60.00 in a research report on Tuesday, December 3rd. TD Securities reduced their price target on shares of Nutrien from $63.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. CIBC reaffirmed an “outperformer” rating and issued a $55.00 target price (down from $60.00) on shares of Nutrien in a research note on Tuesday, December 10th. Oppenheimer assumed coverage on shares of Nutrien in a research report on Thursday, December 12th. They set an “outperform” rating and a $60.00 target price on the stock. Finally, Wells Fargo & Company boosted their price objective on shares of Nutrien from $52.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.94.

Nutrien Company 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.