Generali Asset Management SPA SGR Has $1.56 Million Stock Holdings in Nutrien Ltd. $NTR

Key Points

• Generali Asset Management SPA SGR increased its holdings in Nutrien Ltd. by 34.3% during the second quarter, bringing their total investment to approximately $1.56 million.
• Multiple institutional investors have significantly boosted their positions in Nutrien, with notable increases from companies like Harbour Investments Inc. and GAMMA Investing LLC.
• Nutrien's quarterly earnings exceeded expectations, reporting $2.65 EPS against a consensus estimate of $2.41, indicating a 2.8% year-over-year revenue increase.

Generali Asset Management SPA SGR lifted its holdings in Nutrien Ltd. (NYSE:NTR - Free Report) by 34.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 26,790 shares of the company's stock after purchasing an additional 6,838 shares during the quarter. Generali Asset Management SPA SGR's holdings in Nutrien were worth $1,560,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Harbour Investments Inc. boosted its position in Nutrien by 94.8% during the 1st quarter. Harbour Investments Inc. now owns 715 shares of the company's stock worth $35,000 after acquiring an additional 348 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new position in Nutrien during the 2nd quarter worth approximately $49,000. Allworth Financial LP boosted its position in Nutrien by 117.1% during the 1st quarter. Allworth Financial LP now owns 938 shares of the company's stock worth $50,000 after acquiring an additional 506 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Nutrien by 1,074.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,022 shares of the company's stock valued at $51,000 after buying an additional 935 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Nutrien by 4,866.7% in the 1st quarter. GAMMA Investing LLC now owns 1,043 shares of the company's stock valued at $52,000 after buying an additional 1,022 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on NTR. Jefferies Financial Group cut their price objective on Nutrien from $61.00 to $60.00 and set a "hold" rating for the company in a report on Tuesday, September 9th. National Bankshares started coverage on Nutrien in a research note on Friday, September 5th. They issued a "sector perform" rating and a $64.00 price target on the stock. National Bank Financial started coverage on Nutrien in a research note on Friday, September 5th. They issued a "sector perform" rating on the stock. Weiss Ratings restated a "hold (c)" rating on shares of Nutrien in a research note on Wednesday, October 8th. Finally, Oppenheimer increased their price target on Nutrien from $63.00 to $65.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Nutrien presently has a consensus rating of "Hold" and an average price target of $62.78.

Nutrien Stock Performance

NTR opened at $57.51 on Friday. The firm has a market cap of $27.90 billion, a P/E ratio of 20.61, a price-to-earnings-growth ratio of 0.93 and a beta of 0.82. Nutrien Ltd. has a 52-week low of $43.69 and a 52-week high of $65.08. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.85 and a current ratio of 1.33. The business's fifty day moving average is $57.77 and its 200-day moving average is $57.52.

Nutrien (NYSE:NTR - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.24. The company had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.40 billion. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.Nutrien's quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.34 EPS. Sell-side analysts expect that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Monday, September 29th were paid a $0.545 dividend. The ex-dividend date of this dividend was Monday, September 29th. This represents a $2.18 annualized dividend and a yield of 3.8%. Nutrien's dividend payout ratio (DPR) is 78.14%.

Nutrien Company 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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