Citizens National Bank Trust Department Has $369,000 Stake in Nutrien Ltd. (NYSE:NTR)

Citizens National Bank Trust Department increased its stake in shares of Nutrien Ltd. (NYSE:NTR) by 14.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,255 shares of the company’s stock after acquiring an additional 1,070 shares during the period. Citizens National Bank Trust Department’s holdings in Nutrien were worth $369,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Alberta Investment Management Corp raised its holdings in shares of Nutrien by 4.4% during the fourth quarter. Alberta Investment Management Corp now owns 908,840 shares of the company’s stock worth $40,646,000 after acquiring an additional 38,000 shares during the period. Lorne Steinberg Wealth Management Inc. increased its stake in Nutrien by 0.8% in the 4th quarter. Lorne Steinberg Wealth Management Inc. now owns 90,973 shares of the company’s stock valued at $4,067,000 after buying an additional 740 shares during the last quarter. Keating Investment Counselors Inc. increased its stake in Nutrien by 23.9% in the 4th quarter. Keating Investment Counselors Inc. now owns 80,503 shares of the company’s stock valued at $3,603,000 after buying an additional 15,533 shares during the last quarter. Mraz Amerine & Associates Inc. increased its stake in Nutrien by 2.4% in the 4th quarter. Mraz Amerine & Associates Inc. now owns 23,490 shares of the company’s stock valued at $1,051,000 after buying an additional 541 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its stake in Nutrien by 12.3% in the 4th quarter. Sanctuary Advisors LLC now owns 36,815 shares of the company’s stock valued at $1,647,000 after buying an additional 4,028 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NTR has been the topic of several recent research reports. JPMorgan Chase & Co. upgraded shares of Nutrien from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $40.00 to $50.00 in a research note on Monday, January 13th. CIBC reaffirmed an “outperformer” rating and set a $55.00 target price (down previously from $60.00) on shares of Nutrien in a report on Tuesday, December 10th. Wells Fargo & Company lifted their target price on shares of Nutrien from $52.00 to $53.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 28th. UBS Group lifted their target price on shares of Nutrien from $51.00 to $53.00 and gave the stock a “neutral” rating in a report on Tuesday, January 28th. Finally, Raymond James raised shares of Nutrien from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $58.00 to $60.00 in a report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.00.

Nutrien Price Performance

Shares of NYSE:NTR opened at $52.35 on Thursday. The firm has a 50 day moving average of $49.22 and a 200-day moving average of $48.16. The stock has a market capitalization of $25.64 billion, a PE ratio of 35.13, a PEG ratio of 1.16 and a beta of 0.81. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. Nutrien Ltd. has a 12 month low of $43.69 and a 12 month high of $60.87.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, February 19th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.09). Nutrien had a net margin of 2.79% and a return on equity of 6.99%. On average, equities research analysts predict that Nutrien Ltd. will post 3.49 EPS for the current fiscal year.

Nutrien 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.