First National Trust Co Sells 276 Shares of Nutrien Ltd (NTR)

First National Trust Co trimmed its holdings in Nutrien Ltd (NYSE:NTR) by 4.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,309 shares of the company’s stock after selling 276 shares during the quarter. First National Trust Co’s holdings in Nutrien were worth $333,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in NTR. Point View Wealth Management Inc. grew its position in Nutrien by 0.9% in the 4th quarter. Point View Wealth Management Inc. now owns 26,189 shares of the company’s stock valued at $1,231,000 after buying an additional 245 shares during the last quarter. Proficio Capital Partners LLC grew its position in Nutrien by 38.3% in the 4th quarter. Proficio Capital Partners LLC now owns 902 shares of the company’s stock valued at $42,000 after buying an additional 250 shares during the last quarter. Creative Planning grew its position in Nutrien by 1.3% in the 1st quarter. Creative Planning now owns 19,833 shares of the company’s stock valued at $1,046,000 after buying an additional 260 shares during the last quarter. Usca Ria LLC grew its position in Nutrien by 1.4% in the 4th quarter. Usca Ria LLC now owns 20,676 shares of the company’s stock valued at $972,000 after buying an additional 286 shares during the last quarter. Finally, Cetera Advisors LLC grew its position in Nutrien by 3.1% in the 4th quarter. Cetera Advisors LLC now owns 9,781 shares of the company’s stock valued at $461,000 after buying an additional 293 shares during the last quarter. 66.09% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts recently weighed in on NTR shares. Barclays reiterated a “buy” rating on shares of Nutrien in a research report on Sunday, February 10th. Zacks Investment Research lowered shares of Nutrien from a “buy” rating to a “hold” rating in a research report on Friday, January 11th. Cowen reiterated an “outperform” rating and issued a $63.00 price objective (down from $66.00) on shares of Nutrien in a research report on Tuesday, April 23rd. BMO Capital Markets upgraded shares of Nutrien from a “market perform” rating to an “outperform” rating in a research report on Tuesday, January 8th. Finally, Raymond James reiterated a “strong-buy” rating and issued a $70.00 price objective on shares of Nutrien in a research report on Thursday, February 7th. Six research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $61.50.

Shares of NYSE NTR opened at $53.79 on Monday. The firm has a market cap of $32.48 billion, a price-to-earnings ratio of 20.00, a P/E/G ratio of 1.69 and a beta of 0.79. Nutrien Ltd has a one year low of $43.96 and a one year high of $58.99.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, February 6th. The company reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.61 billion. Nutrien had a net margin of 18.20% and a return on equity of 12.95%. The firm’s revenue was up 7.5% compared to the same quarter last year. As a group, sell-side analysts predict that Nutrien Ltd will post 3.03 earnings per share for the current fiscal year.

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Nutrien Profile

Nutrien Ltd. produces and markets crop nutrients to agricultural, industrial, and feed customers worldwide. It operates in four segments: Retail, Potash, Nitrogen, and Phosphate and Sulfate. The company offers potash, nitrogen, phosphate, and sulfate products. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through operating 1,700 retail locations.

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Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

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