5 Best Agriculture Stocks to Buy Now

3. Nutrien Ltd. (NYSE:NTR)

Number of Hedge Fund Holders: 52

Nutrien Ltd. (NYSE:NTR) is a crop fertilizer company based in Canada that makes and sells potash, nitrogen, and phosphate products to agricultural, industrial, and feed industries. Nutrien Ltd. (NYSE:NTR) shares have offered investors returns exceeding 13% over the course of the past twelve months.

After the Q3 results, Barclays analyst Benjamin Theurer reiterated an ‘Overweight’ rating on Nutrien Ltd. (NYSE:NTR)’s shares but decreased his price objective from $105 to $95 on November 11. Jean-Marie Eveillard’s First Eagle Investment Management is the company’s most significant stakeholder, with 8.42 million shares worth $701.79 million.

At the end of Q3 2022, Nutrien Ltd. (NYSE:NTR) was a part of 52 hedge fund portfolios, compared with 48 in the previous quarter. The stakes owned by these hedge funds have a total value of over $957.48 million.

Miller/Howard Investments mentioned Nutrien Ltd. (NYSE:NTR) in its Q1 2021 investor letter. Here is what the firm has to say:

“For the most part, performance of the stocks within the Income-Equity Strategies was skewed towards the high-performing market sectors with two exceptions – our consumer discretionary and technology stocks both did better than their broad market peers… We bought Nutrien (NTR), a producer of fertilizer, which we believe should benefit from increasing crop prices.”

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