Generali Asset Management SPA SGR Increases Holdings in Nutrien Ltd. $NTR

Generali Asset Management SPA SGR boosted its stake in Nutrien Ltd. (NYSE:NTR) by 70.0% in the 4th quarter, Holdings Channel reports. The firm owned 47,021 shares of the company’s stock after buying an additional 19,369 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Nutrien were worth $2,902,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Montag A & Associates Inc. grew its stake in shares of Nutrien by 310.7% in the fourth quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock valued at $26,000 after buying an additional 320 shares in the last quarter. Root Financial Partners LLC purchased a new stake in shares of Nutrien during the 3rd quarter valued at about $37,000. Eastern Bank lifted its position in Nutrien by 133.0% during the 4th quarter. Eastern Bank now owns 699 shares of the company’s stock worth $43,000 after acquiring an additional 399 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Nutrien by 42.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 735 shares of the company’s stock worth $43,000 after acquiring an additional 219 shares in the last quarter. Finally, Fulcrum Asset Management LLP purchased a new position in Nutrien in the 3rd quarter worth approximately $46,000. Institutional investors and hedge funds own 63.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on NTR. BMO Capital Markets lifted their price objective on shares of Nutrien from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, March 18th. Oppenheimer upped their target price on shares of Nutrien from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Wells Fargo & Company raised shares of Nutrien from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $77.00 to $100.00 in a report on Friday, March 13th. Jefferies Financial Group raised shares of Nutrien from a “hold” rating to a “buy” rating and lifted their price target for the stock from $74.00 to $96.00 in a research note on Thursday, March 12th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Nutrien from $68.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. Eleven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Nutrien currently has an average rating of “Moderate Buy” and an average target price of $82.31.

Nutrien Stock Performance

Shares of NTR opened at $68.37 on Friday. The firm has a market cap of $32.87 billion, a price-to-earnings ratio of 13.92 and a beta of 0.64. The company has a quick ratio of 0.70, a current ratio of 1.34 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average is $74.93 and its two-hundred day moving average is $66.96. Nutrien Ltd. has a 52-week low of $53.03 and a 52-week high of $85.36.

Nutrien (NYSE:NTR) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. The business’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.11 earnings per share. Analysts forecast that Nutrien Ltd. will post 5.09 EPS for the current fiscal year.

Nutrien Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, June 30th. Nutrien’s dividend payout ratio (DPR) is currently 44.81%.

Nutrien Profile

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.