17,681 Shares in Nutrien Ltd. (NYSE:NTR) Acquired by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR purchased a new stake in Nutrien Ltd. (NYSE:NTR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 17,681 shares of the company’s stock, valued at approximately $791,000.

Several other institutional investors have also recently bought and sold shares of NTR. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Nutrien in the third quarter valued at $150,181,000. ARGA Investment Management LP grew its holdings in Nutrien by 25.7% in the 4th quarter. ARGA Investment Management LP now owns 6,043,590 shares of the company’s stock valued at $270,396,000 after buying an additional 1,236,671 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd increased its position in Nutrien by 78.8% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,495,282 shares of the company’s stock worth $121,271,000 after acquiring an additional 1,100,000 shares during the period. Silchester International Investors LLP increased its holdings in shares of Nutrien by 9.5% during the fourth quarter. Silchester International Investors LLP now owns 11,693,137 shares of the company’s stock worth $523,268,000 after purchasing an additional 1,009,895 shares during the period. Finally, Pacific Heights Asset Management LLC raised its holdings in Nutrien by 462.1% in the 4th quarter. Pacific Heights Asset Management LLC now owns 815,000 shares of the company’s stock valued at $36,471,000 after acquiring an additional 670,000 shares in the last quarter. Institutional investors own 63.10% of the company’s stock.

Wall Street Analysts Forecast Growth

NTR has been the subject of several recent analyst reports. UBS Group upped their target price on Nutrien from $53.00 to $54.00 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. upgraded shares of Nutrien from an “underweight” rating to a “neutral” rating and upped their price target for the company from $40.00 to $50.00 in a research report on Monday, January 13th. Mizuho increased their price target on Nutrien from $52.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Royal Bank of Canada reiterated an “outperform” rating and set a $60.00 price target on shares of Nutrien in a report on Monday, February 24th. Finally, Scotiabank boosted their target price on shares of Nutrien from $60.00 to $62.00 and gave the company a “sector outperform” rating in a research report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $60.13.

Nutrien Trading Up 0.2 %

Shares of NTR stock opened at $52.46 on Friday. The firm has a fifty day moving average price of $51.59 and a 200-day moving average price of $48.79. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82. Nutrien Ltd. has a 1 year low of $43.70 and a 1 year high of $60.87. The company has a market cap of $25.67 billion, a price-to-earnings ratio of 38.29, a PEG ratio of 1.19 and a beta of 0.81.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, February 19th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.09). The company had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $5.09 billion. Nutrien had a return on equity of 6.81% and a net margin of 2.62%. As a group, equities analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be issued a dividend of $0.545 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.18 annualized dividend and a yield of 4.16%. Nutrien’s payout ratio is 159.12%.

Nutrien Profile

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.