Nutrien Ltd. $NTR Stock Sold by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR decreased its position in Nutrien Ltd. (NYSE:NTR) by 23.4% in the third quarter, Holdings Channel.com reports. The firm owned 31,211 shares of the company’s stock after selling 9,524 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Nutrien were worth $2,193,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Bryn Mawr Trust Advisors LLC bought a new stake in Nutrien during the second quarter worth about $8,363,000. Engineers Gate Manager LP increased its stake in shares of Nutrien by 665.4% during the second quarter. Engineers Gate Manager LP now owns 67,888 shares of the company’s stock valued at $4,274,000 after purchasing an additional 59,018 shares in the last quarter. Andra AP fonden increased its stake in shares of Nutrien by 419.9% during the second quarter. Andra AP fonden now owns 141,395 shares of the company’s stock valued at $8,901,000 after purchasing an additional 114,200 shares in the last quarter. BlackRock Inc. bought a new position in shares of Nutrien during the second quarter valued at approximately $220,942,000. Finally, Nykredit A S purchased a new position in shares of Nutrien during the second quarter valued at approximately $8,980,000. Institutional investors own 63.10% of the company’s stock.

Wall Street Analyst Weigh In

NTR has been the topic of a number of analyst reports. UBS Group boosted their price target on Nutrien from $59.00 to $62.00 and gave the stock a “sell” rating in a research report on Tuesday. Barclays reduced their price objective on Nutrien from $81.00 to $78.00 and set an “overweight” rating for the company in a research report on Monday, August 10th. KeyCorp started coverage on Nutrien in a research note on Thursday, September 10th. They set a “sector weight” rating and a $73.00 price objective for the company. Oppenheimer dropped their price target on shares of Nutrien from $80.00 to $78.00 and set an “outperform” rating on the stock in a research note on Thursday, October 22nd. Finally, Jefferies Financial Group reissued a “hold” rating and set a $71.00 price objective on shares of Nutrien in a research report on Monday, October 12th. Sixteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $79.24.

Nutrien Trading Down 0.8%

Nutrien stock opened at $68.51 on Friday. Nutrien Ltd. has a one year low of $53.03 and a one year high of $85.36. The business’s fifty day moving average is $73.22 and its 200 day moving average is $70.93. The stock has a market capitalization of $32.62 billion, a PE ratio of 14.76, a price-to-earnings-growth ratio of 0.76 and a beta of 0.68. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.39 and a quick ratio of 0.86.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, August 5th. The company reported $2.61 earnings per share for the quarter, missing analysts’ consensus estimates of $2.70 by ($0.09). The business had revenue of $10.81 billion during the quarter, compared to analysts’ expectations of $10.44 billion. Nutrien had a return on equity of 8.88% and a net margin of 8.44%. Nutrien’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the firm posted $2.65 EPS. On average, sell-side analysts predict that Nutrien Ltd. will post 4.53 EPS for the current year.

Nutrien Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Tuesday, September 29th were paid a $0.55 dividend. The ex-dividend date was Tuesday, September 29th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.2%. Nutrien’s payout ratio is currently 44.53%.

About Nutrien