Shell Asset Management Co. Sells 29,742 Shares of Nutrien Ltd. $NTR

Shell Asset Management Co. decreased its stake in Nutrien Ltd. (NYSE:NTR) by 61.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,413 shares of the company’s stock after selling 29,742 shares during the quarter. Shell Asset Management Co.’s holdings in Nutrien were worth $1,082,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of NTR. Cascade Investment Advisors Inc. lifted its position in Nutrien by 0.6% in the third quarter. Cascade Investment Advisors Inc. now owns 30,855 shares of the company’s stock worth $1,811,000 after buying an additional 185 shares during the last quarter. Legacy Wealth Asset Management LLC raised its stake in shares of Nutrien by 1.9% in the third quarter. Legacy Wealth Asset Management LLC now owns 10,535 shares of the company’s stock valued at $619,000 after acquiring an additional 193 shares during the period. Mitchell & Pahl Private Wealth LLC lifted its holdings in shares of Nutrien by 1.5% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 13,146 shares of the company’s stock worth $772,000 after acquiring an additional 200 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Nutrien by 27.7% in the 3rd quarter. Bessemer Group Inc. now owns 937 shares of the company’s stock worth $55,000 after acquiring an additional 203 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake 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 purchasing an additional 219 shares during the period. Institutional investors own 63.10% of the company’s stock.

Nutrien Stock Up 0.6%

Shares of NYSE:NTR opened at $70.83 on Tuesday. The business’s 50 day moving average is $65.40 and its 200 day moving average is $60.34. The stock has a market cap of $34.10 billion, a P/E ratio of 19.09 and a beta of 0.73. Nutrien Ltd. has a 52-week low of $45.78 and a 52-week high of $73.55. The company has a quick ratio of 0.89, a current ratio of 1.41 and a debt-to-equity ratio of 0.39.

Analyst Ratings Changes

A number of analysts recently weighed in on NTR shares. Wall Street Zen raised shares of Nutrien from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. Zacks Research upgraded Nutrien from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. Mizuho boosted their price objective on Nutrien from $65.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, January 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nutrien in a research report on Monday, December 29th. Finally, Wells Fargo & Company initiated coverage on Nutrien in a research note on Tuesday, November 11th. They issued an “equal weight” rating and a $64.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Nutrien presently has a consensus rating of “Hold” and a consensus price target of $66.31.

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.