Nutrien Ltd. $NTR Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its position in shares of Nutrien Ltd. (NYSE:NTR) by 7.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 235,773 shares of the company’s stock after selling 18,187 shares during the period. Envestnet Asset Management Inc.’s holdings in Nutrien were worth $13,844,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of NTR. Cascade Investment Advisors Inc. grew its position in shares of Nutrien by 0.6% in the third quarter. Cascade Investment Advisors Inc. now owns 30,855 shares of the company’s stock valued at $1,811,000 after purchasing an additional 185 shares during the period. Legacy Wealth Asset Management LLC grew its holdings in Nutrien by 1.9% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 10,535 shares of the company’s stock valued at $619,000 after buying an additional 193 shares during the period. Mitchell & Pahl Private Wealth LLC increased its stake in shares of Nutrien by 1.5% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 13,146 shares of the company’s stock valued at $772,000 after acquiring an additional 200 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of 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 acquiring an additional 219 shares during the period. Finally, Murphy Pohlad Asset Management LLC boosted its position in shares of Nutrien by 0.4% in the second quarter. Murphy Pohlad Asset Management LLC now owns 59,035 shares of the company’s stock worth $3,438,000 after acquiring an additional 236 shares during the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Scotiabank increased their price target on shares of Nutrien from $63.00 to $70.00 and gave the stock a “sector perform” rating in a research note on Monday, February 2nd. Morgan Stanley upgraded Nutrien from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $70.00 to $77.00 in a report on Wednesday, January 14th. Mizuho lifted their target price on Nutrien from $65.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, January 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Nutrien in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded Nutrien from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Nutrien currently has a consensus rating of “Hold” and a consensus price target of $66.31.

Nutrien Stock Up 0.6%

Shares of Nutrien stock opened at $70.83 on Tuesday. Nutrien Ltd. has a 1-year low of $45.78 and a 1-year high of $73.55. The company has a market capitalization of $34.10 billion, a PE ratio of 19.09 and a beta of 0.73. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.41 and a quick ratio of 0.89. The business has a 50-day moving average of $65.40 and a 200-day moving average of $60.34.

Nutrien Company Profile

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.