Eurizon Capital SGR S.p.A. Takes $2.44 Million Position in Nutrien Ltd. $NTR

Eurizon Capital SGR S.p.A. acquired a new position in shares of Nutrien Ltd. (NYSE:NTR) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 39,586 shares of the company’s stock, valued at approximately $2,443,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NTR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Nutrien by 65.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,224 shares of the company’s stock worth $1,253,000 after purchasing an additional 9,950 shares during the last quarter. NewEdge Advisors LLC raised its holdings in Nutrien by 6.2% during the first quarter. NewEdge Advisors LLC now owns 6,907 shares of the company’s stock worth $343,000 after purchasing an additional 404 shares during the last quarter. Focus Partners Wealth acquired a new position in Nutrien during the first quarter worth $516,000. Acadian Asset Management LLC acquired a new position in Nutrien during the first quarter worth $54,000. Finally, Prudential Financial Inc. acquired a new position in Nutrien during the second quarter worth $203,000. 63.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NTR shares. Scotiabank lifted their price objective on Nutrien from $75.00 to $80.00 and gave the stock a “sector perform” rating in a report on Monday, May 11th. Oppenheimer lifted their price objective on Nutrien from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Tuesday, May 12th. BNP Paribas Exane downgraded Nutrien from an “outperform” rating to a “neutral” rating in a research report on Monday, February 23rd. TD Securities reissued a “buy” rating on shares of Nutrien in a research report on Wednesday, May 6th. Finally, Jefferies Financial Group raised Nutrien from a “hold” rating to a “buy” rating and raised their price target for the stock from $74.00 to $96.00 in a research report on Thursday, March 12th. Eleven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Nutrien currently has an average rating of “Moderate Buy” and a consensus price target of $82.75.

Nutrien Price Performance

Shares of NYSE:NTR opened at $68.55 on Wednesday. The company has a market cap of $32.90 billion, a P/E ratio of 13.96, a P/E/G ratio of 0.64 and a beta of 0.60. The company has a quick ratio of 0.59, a current ratio of 1.24 and a debt-to-equity ratio of 0.35. Nutrien Ltd. has a 52 week low of $53.03 and a 52 week high of $85.36. The business has a fifty day simple moving average of $72.77 and a 200-day simple moving average of $68.63.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.51 EPS for the quarter, beating 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 return on equity of 8.84% and a net margin of 8.58%.The business’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 earnings per share. Equities research analysts forecast that Nutrien Ltd. will post 5.45 EPS for the current year.

Nutrien Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th will be given a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.2%. Nutrien’s payout ratio is currently 44.81%.

About Nutrien

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.