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

Generali Asset Management SPA SGR purchased a new position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 17,681 shares of the company's stock, valued at approximately $791,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Fairway Wealth LLC acquired a new stake in Nutrien in the fourth quarter worth about $27,000. HHM Wealth Advisors LLC raised its position in shares of Nutrien by 331.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company's stock worth $28,000 after buying an additional 480 shares in the last quarter. Assetmark Inc. lifted its stake in shares of Nutrien by 1,437.5% in the 4th quarter. Assetmark Inc. now owns 738 shares of the company's stock worth $33,000 after acquiring an additional 690 shares during the period. Asset Planning Inc bought a new position in shares of Nutrien in the fourth quarter valued at approximately $35,000. Finally, Exchange Traded Concepts LLC increased its stake in shares of Nutrien by 96.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock valued at $38,000 after acquiring an additional 416 shares during the period. Institutional investors own 63.10% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on NTR. Raymond James raised Nutrien from a "market perform" rating to an "outperform" rating and increased their price target for the company from $58.00 to $60.00 in a research note on Tuesday, December 3rd. Royal Bank of Canada reaffirmed an "outperform" rating and set a $60.00 target price on shares of Nutrien in a report on Monday, February 24th. Wells Fargo & Company upped their price target on shares of Nutrien from $53.00 to $56.00 and gave the company an "equal weight" rating in a report on Friday, February 21st. Mizuho lifted their price objective on shares of Nutrien from $52.00 to $55.00 and gave the stock a "neutral" rating in a research note on Thursday, February 20th. Finally, Barclays boosted their target price on shares of Nutrien from $56.00 to $59.00 and gave the stock an "equal weight" rating in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, Nutrien currently has an average rating of "Hold" and an average price target of $60.13.

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Nutrien Stock Down 4.5 %

NYSE NTR traded down $2.34 during trading on Tuesday, reaching $50.19. 3,702,493 shares of the company's stock were exchanged, compared to its average volume of 1,969,600. The firm has a market capitalization of $24.56 billion, a PE ratio of 36.64, a P/E/G ratio of 1.19 and a beta of 0.81. Nutrien Ltd. has a fifty-two week low of $43.70 and a fifty-two week high of $60.87. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. The company's fifty day simple moving average is $51.70 and its 200-day simple moving average is $48.89.

Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly 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 for the quarter, compared to analyst estimates of $5.09 billion. Nutrien had a return on equity of 6.81% and a net margin of 2.62%. Sell-side analysts predict that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be paid a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date is Monday, March 31st. Nutrien's dividend payout ratio (DPR) is presently 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.