Sava Infond d.o.o. Buys 11,990 Shares of Nutrien Ltd. (NYSE:NTR)

Sava Infond d.o.o. boosted its stake in Nutrien Ltd. (NYSE:NTR - Free Report) by 50.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,550 shares of the company's stock after acquiring an additional 11,990 shares during the period. Sava Infond d.o.o.'s holdings in Nutrien were worth $1,766,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Nutrien by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 19,778,500 shares of the company's stock worth $885,009,000 after acquiring an additional 325,210 shares during the period. Dodge & Cox raised its position in Nutrien by 0.3% in the fourth quarter. Dodge & Cox now owns 12,523,259 shares of the company's stock worth $560,416,000 after acquiring an additional 40,800 shares during the period. First Eagle Investment Management LLC raised its position in Nutrien by 0.8% in the fourth quarter. First Eagle Investment Management LLC now owns 9,529,311 shares of the company's stock worth $426,436,000 after acquiring an additional 77,174 shares during the period. Deutsche Bank AG increased its stake in shares of Nutrien by 11.3% in the fourth quarter. Deutsche Bank AG now owns 7,105,057 shares of the company's stock worth $317,951,000 after purchasing an additional 721,935 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Nutrien by 1.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 5,627,597 shares of the company's stock worth $252,108,000 after purchasing an additional 76,085 shares in the last quarter. Institutional investors own 63.10% of the company's stock.

Analyst Ratings Changes

NTR has been the subject of several recent research reports. Wells Fargo & Company lifted their target price on shares of Nutrien from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. TD Securities lifted their target price on shares of Nutrien from $64.00 to $67.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. CIBC lifted their target price on shares of Nutrien from $64.00 to $66.00 and gave the stock an "outperformer" rating in a research note on Tuesday, February 25th. Oppenheimer lifted their target price on shares of Nutrien from $58.00 to $63.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. Finally, Royal Bank Of Canada lifted their target price on shares of Nutrien from $60.00 to $65.00 and gave the stock an "outperform" rating in a research note on Monday, May 12th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Nutrien currently has a consensus rating of "Hold" and a consensus target price of $61.94.

Nutrien Price Performance

NTR stock opened at $60.34 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.22 and a quick ratio of 0.59. Nutrien Ltd. has a one year low of $43.70 and a one year high of $65.08. The stock has a market cap of $29.39 billion, a PE ratio of 56.39, a P/E/G ratio of 1.10 and a beta of 0.81. The firm has a 50 day simple moving average of $57.86 and a two-hundred day simple moving average of $52.62.

Nutrien (NYSE:NTR - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.24). Nutrien had a return on equity of 6.08% and a net margin of 2.05%. The company had revenue of $4.67 billion during the quarter, compared to analysts' expectations of $5.16 billion. During the same period in the prior year, the firm earned $0.46 EPS. Nutrien's quarterly revenue was down 5.4% on a year-over-year basis. On average, analysts predict that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 30th will be issued a $0.545 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.61%. Nutrien's payout ratio is 203.74%.

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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