J. Safra Sarasin Holding AG Increases Position in Nutrien Ltd. (NYSE:NTR)

J. Safra Sarasin Holding AG grew its holdings in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 29.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 41,153 shares of the company's stock after buying an additional 9,313 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Nutrien were worth $1,840,000 at the end of the most recent reporting period.

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

Nutrien Stock Performance

Shares of Nutrien stock opened at $53.45 on Wednesday. The company has a 50 day moving average price of $50.97 and a 200 day moving average price of $49.30. The firm has a market capitalization of $26.13 billion, a P/E ratio of 39.02, a PEG ratio of 1.19 and a beta of 0.77. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. Nutrien Ltd. has a 52 week low of $43.70 and a 52 week high of $60.87.

Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. Sell-side analysts expect that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Monday, March 31st were issued a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date was Monday, March 31st. Nutrien's dividend payout ratio is presently 159.12%.

Wall Street Analysts Forecast Growth

NTR has been the subject of a number of research reports. BNP Paribas raised shares of Nutrien to a "strong-buy" rating in a research note on Wednesday, April 9th. The Goldman Sachs Group started coverage on shares of Nutrien in a research note on Thursday, March 13th. They set a "sell" rating and a $53.00 price objective on the stock. JPMorgan Chase & Co. raised shares of Nutrien from an "underweight" rating to a "neutral" rating and boosted their price objective for the stock from $40.00 to $50.00 in a research note on Monday, January 13th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $60.00 target price on shares of Nutrien in a research report on Monday, February 24th. Finally, Barclays boosted their price target on Nutrien from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $59.27.

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.

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