Farmers & Merchants Investments Inc. Has $105,000 Position in Nutrien Ltd. (NYSE:NTR)

Farmers & Merchants Investments Inc. trimmed its position in shares of Nutrien Ltd. (NYSE:NTR) by 7.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,336 shares of the company’s stock after selling 200 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Nutrien were worth $105,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its stake in shares of Nutrien by 28.4% in the second quarter. AQR Capital Management LLC now owns 5,348 shares of the company’s stock valued at $272,000 after purchasing an additional 1,184 shares in the last quarter. CWM LLC increased its holdings in Nutrien by 30.6% in the 3rd quarter. CWM LLC now owns 7,738 shares of the company’s stock valued at $372,000 after buying an additional 1,815 shares during the period. Cardinal Capital Management Inc. raised its stake in shares of Nutrien by 4.3% in the 3rd quarter. Cardinal Capital Management Inc. now owns 564,078 shares of the company’s stock valued at $27,139,000 after buying an additional 23,117 shares in the last quarter. Viking Fund Management LLC bought a new position in shares of Nutrien during the 3rd quarter worth about $96,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its position in shares of Nutrien by 58.1% during the 3rd 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 in the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Price Performance

Shares of NTR stock opened at $50.32 on Friday. The firm’s 50 day moving average price is $48.73 and its two-hundred day moving average price is $48.11. The stock has a market cap of $24.71 billion, a PE ratio of 33.77, a PEG ratio of 1.13 and a beta of 0.81. 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.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.39 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 company had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.26 billion. During the same quarter in the prior year, the company posted $0.35 EPS. The company’s revenue for the quarter was down 5.0% compared to the same quarter last year. As a group, analysts forecast that Nutrien Ltd. will post 3.49 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NTR. UBS Group increased their target price on Nutrien from $51.00 to $53.00 and gave the stock a “neutral” rating in a report on Tuesday, January 28th. Oppenheimer initiated coverage on shares of Nutrien in a research report on Thursday, December 12th. They set an “outperform” rating and a $60.00 target price for the company. Raymond James raised shares of Nutrien from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $58.00 to $60.00 in a research note on Tuesday, December 3rd. Piper Sandler boosted their target price on Nutrien from $58.00 to $63.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Finally, Wells Fargo & Company raised their price target on Nutrien from $52.00 to $53.00 and gave the company an “equal weight” rating in a report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $58.94.

About Nutrien

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.