13 Best Farmland and Agriculture Stocks To Invest In According to Hedge Funds

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7. Nutrien Ltd. (NYSE:NTR)

Number of Hedge Fund Holders: 33

Nutrien Ltd. (NYSE:NTR) is a prominent Canadian agriculture and fertilizer company, recognized as one of the world’s largest producers of potash and nitrogen fertilizers. The company plays a critical role in the agricultural sector by providing essential crop inputs and services to farmers globally.

In June 2024, during its Investor Day, Nutrien Ltd. (NYSE:NTR) set ambitious performance targets for 2026, focusing on improving earnings and cash flow. The company has made good progress and now aims to achieve $200 million in operational efficiencies by 2025, one year ahead of schedule. These efficiencies will be realized through cost reductions across both retail and corporate operations.

In the first nine months of 2024, Nutrien Ltd. (NYSE:NTR) reported an adjusted EBITDA of $4.3 billion, driven by higher retail earnings, increased fertilizer volumes, and lower operating costs. The company has already boosted sales volumes by 1.3 million tons this year through the first 3 quarters of 2024, with plans to increase potash and nitrogen production by an additional 2 to 3 million tons compared to 2023 levels.

Nutrien Ltd.’s (NYSE:NTR) strong health is further demonstrated by its commitment to returning value to shareholders. As of November 5, 2024, the company repurchased 1.5 million shares for approximately $75 million in the latter half of the year. This move reflects Nutrien’s dedication to enhancing shareholder value. The company’s strategic focus on operational efficiency and growth positions it well for future success.

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