Sava Infond d.o.o. Buys New Shares in Nutrien Ltd. (NYSE:NTR)

Sava Infond d.o.o. acquired a new stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 23,560 shares of the company's stock, valued at approximately $1,054,000.

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

Nutrien Price Performance

Nutrien stock traded down $0.04 during midday trading on Monday, reaching $49.52. The company's stock had a trading volume of 746,238 shares, compared to its average volume of 2,331,065. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. The stock's 50 day simple moving average is $51.59 and its 200 day simple moving average is $49.02. Nutrien Ltd. has a fifty-two week low of $43.69 and a fifty-two week high of $60.87. The firm has a market capitalization of $24.21 billion, a PE ratio of 36.15, a P/E/G ratio of 1.19 and a beta of 0.81.

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Nutrien (NYSE:NTR - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.09). Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The firm had revenue of $5.08 billion during the quarter, compared to analyst estimates of $5.09 billion. On average, equities research analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date is Monday, March 31st. Nutrien's dividend payout ratio (DPR) is presently 159.12%.

Analyst Ratings Changes

NTR has been the topic of several research analyst reports. 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 research report on Wednesday, March 5th. Piper Sandler raised their target price on Nutrien from $58.00 to $63.00 and gave the stock an "overweight" rating in a research note on Monday, January 27th. Raymond James upgraded Nutrien from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $58.00 to $60.00 in a research note on Tuesday, December 3rd. Oppenheimer began coverage on Nutrien in a report on Thursday, December 12th. They set an "outperform" rating and a $60.00 target price for the company. Finally, JPMorgan Chase & Co. upgraded shares of Nutrien from an "underweight" rating to a "neutral" rating and increased their price target for the stock from $40.00 to $50.00 in a report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Nutrien has an average rating of "Hold" and an average price target of $60.00.

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.