Nutrien Ltd. $NTR Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. increased its holdings in Nutrien Ltd. (NYSE:NTR) by 292.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 238,811 shares of the company’s stock after purchasing an additional 177,886 shares during the quarter. Principal Financial Group Inc.’s holdings in Nutrien were worth $14,028,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NTR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Nutrien by 65.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,224 shares of the company’s stock worth $1,253,000 after buying an additional 9,950 shares during the period. NewEdge Advisors LLC increased its holdings in Nutrien by 6.2% in the 1st quarter. NewEdge Advisors LLC now owns 6,907 shares of the company’s stock worth $343,000 after acquiring an additional 404 shares in the last quarter. Focus Partners Wealth purchased a new stake in Nutrien in the 1st quarter worth $516,000. Acadian Asset Management LLC acquired a new position in Nutrien during the first quarter worth $54,000. Finally, US Bancorp DE lifted its holdings in Nutrien by 1.1% during the second quarter. US Bancorp DE now owns 31,755 shares of the company’s stock valued at $1,849,000 after purchasing an additional 345 shares in the last quarter. 63.10% of the stock is owned by institutional investors and hedge funds.

Nutrien Trading Up 1.4%

NTR opened at $71.06 on Wednesday. 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 company’s 50 day simple moving average is $64.49 and its two-hundred day simple moving average is $60.02. Nutrien Ltd. has a 1-year low of $45.78 and a 1-year high of $73.07. The firm has a market capitalization of $34.25 billion, a price-to-earnings ratio of 19.15 and a beta of 0.73.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Nutrien in a research note on Monday, December 29th. Bank of America reiterated a “neutral” rating and issued a $67.00 price objective on shares of Nutrien in a report on Tuesday, October 14th. Scotiabank increased their target price on Nutrien from $63.00 to $70.00 and gave the company a “sector perform” rating in a report on Monday, February 2nd. Mizuho raised their target price on Nutrien from $65.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. Finally, Wall Street Zen upgraded Nutrien from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price 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.