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Ritholtz Wealth Management Sells Majority Stake in Nutrien Ltd … – Best Stocks

Written by Amanda

Ritholtz Wealth Management Sells Majority Stake in Nutrien Ltd …  Best Stocks

Ritholtz Wealth Management, one of the world’s most prominent asset management companies, has announced a significant reduction in its stake in Nutrien Ltd. (NYSE:NTR). According to documents recently filed with the SEC, Ritholtz sold 63.5% of its shares in the agricultural company during Q4 2020, equating to a net disposal of 10,575 shares. The asset management firm now holds just 6,070 shares in Nutrien with a total value of $443,000 as at the close of last year.

Nutrien’s most recent financial data showed it experienced something of a mixed performance for Q4 2020. While the company reported revenue growth of 3.7% YoY ($7.53bn), this figure fell short of analyst estimates ($7.41bn) and failed to provide any substantial upward momentum for stock prices.

Furthermore, the company’s earnings per share ($2.02) were significantly below consensus predictions ($2.63)) representing an unexpected downturn for investors who had anticipated stronger returns on their investments.

Despite these setbacks, however Nutrien remains optimistic about future prospects based on recent fiscal trends in crop nutrient production and distribution across its four main business segments: Retail, Potash, Nitrogen and Phosphate.

As one of America’s leading fertiliser suppliers to both industrial and agricultural clients alike Nutrien maintains steadfast confidence in offering services catering uniquely to global customer demand while continuously optimising performance strategies in each business segment.

It will be interesting to see how Ritholtz responds if Nutrien does indeed exceed expectations over the next few months; whether they will follow other investment firms by re-investing and even more into what would be undeniably impressive quarterly results would potentially signal future growth opportunities beyond those initially predicted by an array of analysists tracking this much sought after chemical manufacture market space that thrives from providing essential services for farmers and industrial businesses alike.

Nutrien Ltd. undergoes shareholder revamp as institutional investors show interest


Nutrien Ltd., the world’s largest provider of crop nutrients, has experienced a wave of modifications in its shareholder makeup. Institutional investors and hedge funds have significantly altered their holdings in the company throughout the past year. Specifically, Price T Rowe Associates Inc. MD raised its position in Nutrien by 43.1% while Vanguard Group Inc. increased its position by 0.7%. Meanwhile, Mackenzie Financial Corp’s position rose by 0.3%, and Toronto Dominion Bank raised its position by 10.7%. Capital International Investors purchased a new position in Nutrien last quarter, worth $521 million. Currently, hedge funds and other institutional investors own more than half of the company’s stock.

Nutrien Ltd offers agricultural products for industrial and feed customers through four key segments: Retail, Potash, Nitrogen, and Phosphate. The company recently announced that it would be paying out a quarterly dividend to shareholders on April 13th; this represents a bid to reward loyal shareholders with an annual yield of 2.94%.

Financial analysts have expressed mixed opinions regarding the outlook of Nutrien’s current valuation: Morgan Stanley has downgraded their expectations from an “equal weight” rating to “underweight,” while Piper Sandler cut their price objective from $115 to $93.

Although some industry experts are cautious about predicting growth in light of possible trade agreements or new government regulations affecting agribusinesses, others argue that increasing demand for global food production will eventually lead to long-term gains for companies such as Nutrien Ltd., which provides key agricultural products needed to support farming industries worldwide.

In short, while Nutrien may face challenges due to market uncertainty or regulatory shifts in upcoming years, its diverse range of business segments positions it well for success over time – a fact recognized by many large investment firms as well as longstanding retail investors who continue to hold significant stakes within the organization’s holdings structure.

Source: beststocks.com

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai

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