BB&T Corp increased its stake in shares of Nutrien Ltd (NYSE:NTR) by 355.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,715 shares of the company’s stock after purchasing an additional 13,829 shares during the quarter. BB&T Corp’s holdings in Nutrien were worth $884,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Carroll Financial Associates Inc. lifted its holdings in shares of Nutrien by 11.1% during the second quarter. Carroll Financial Associates Inc. now owns 2,843 shares of the company’s stock worth $152,000 after purchasing an additional 284 shares during the period. Cornerstone Advisors Inc. lifted its holdings in shares of Nutrien by 39.6% during the second quarter. Cornerstone Advisors Inc. now owns 1,085 shares of the company’s stock worth $58,000 after purchasing an additional 308 shares during the period. Tdam USA Inc. lifted its holdings in shares of Nutrien by 2.3% during the second quarter. Tdam USA Inc. now owns 13,646 shares of the company’s stock worth $730,000 after purchasing an additional 310 shares during the period. Sprott Inc. lifted its holdings in shares of Nutrien by 4.4% during the second quarter. Sprott Inc. now owns 7,546 shares of the company’s stock worth $403,000 after purchasing an additional 315 shares during the period. Finally, Coastal Investment Advisors Inc. lifted its holdings in shares of Nutrien by 63.8% during the second quarter. Coastal Investment Advisors Inc. now owns 929 shares of the company’s stock worth $49,000 after purchasing an additional 362 shares during the period. 65.50% of the stock is owned by hedge funds and other institutional investors.

Nutrien stock opened at $49.11 on Friday. Nutrien Ltd has a one year low of $43.96 and a one year high of $56.66. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.79 and a current ratio of 1.35. The business has a fifty day moving average of $49.38 and a two-hundred day moving average of $50.97. The company has a market cap of $28.51 billion, a P/E ratio of 18.26, a price-to-earnings-growth ratio of 2.61 and a beta of 0.90.

Nutrien (NYSE:NTR) last released its earnings results on Monday, November 4th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.12). Nutrien had a net margin of 20.95% and a return on equity of 6.44%. The business had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.02 billion. During the same period last year, the business posted $0.47 EPS. Nutrien’s revenue was up 3.6% compared to the same quarter last year. Sell-side analysts predict that Nutrien Ltd will post 2.38 EPS for the current year.

NTR has been the subject of several recent research reports. Citigroup set a $61.00 price target on Nutrien and gave the stock a “buy” rating in a report on Wednesday, July 31st. Berenberg Bank reaffirmed a “hold” rating and set a $50.00 price target on shares of Nutrien in a report on Wednesday. Bank of America raised Nutrien from an “underperform” rating to a “neutral” rating in a report on Friday, August 16th. CIBC set a $70.00 target price on Nutrien and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. reduced their target price on Nutrien from $54.00 to $50.00 and set a “neutral” rating for the company in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $61.00.

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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