Sava Infond d.o.o. Buys 6,200 Shares of Nutrien Ltd. $NTR

Key Points

• Sava Infond d.o.o. increased its stake in Nutrien Ltd. by 17.4% in Q2, acquiring an additional 6,200 shares to hold a total of 41,750 shares valued at $2,432,000.
• Nutrien's Q2 earnings per share exceeded projections at $2.65, exceeding analysts' expectations of $2.41, while revenue was reported at $10.30 billion.
• The company announced a quarterly dividend of $0.545, with a yield of 3.7%, to be paid on October 17th to shareholders of record by September 29th.

Sava Infond d.o.o. grew its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 17.4% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 41,750 shares of the company's stock after acquiring an additional 6,200 shares during the quarter. Sava Infond d.o.o.'s holdings in Nutrien were worth $2,432,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of NTR. Harbour Investments Inc. lifted its position in shares of Nutrien by 94.8% during the 1st quarter. Harbour Investments Inc. now owns 715 shares of the company's stock valued at $35,000 after acquiring an additional 348 shares during the period. Allworth Financial LP lifted its position in shares of Nutrien by 117.1% during the 1st quarter. Allworth Financial LP now owns 938 shares of the company's stock valued at $50,000 after acquiring an additional 506 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in shares of Nutrien by 1,074.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,022 shares of the company's stock valued at $51,000 after acquiring an additional 935 shares during the period. GAMMA Investing LLC lifted its position in shares of Nutrien by 4,866.7% during the 1st quarter. GAMMA Investing LLC now owns 1,043 shares of the company's stock valued at $52,000 after acquiring an additional 1,022 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in shares of Nutrien during the 1st quarter valued at $54,000. 63.10% of the stock is currently owned by institutional investors.

Nutrien Price Performance

Shares of NTR opened at $59.37 on Friday. Nutrien Ltd. has a 12-month low of $43.69 and a 12-month high of $65.08. The business has a 50-day simple moving average of $57.62 and a two-hundred day simple moving average of $56.96. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 0.39. The stock has a market cap of $28.81 billion, a PE ratio of 21.28, a PEG ratio of 0.98 and a beta of 0.82.

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

Nutrien Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Monday, September 29th will be issued a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Monday, September 29th. Nutrien's dividend payout ratio is presently 78.14%.

Analyst Ratings Changes

A number of research firms have recently weighed in on NTR. Weiss Ratings reiterated a "hold (c)" rating on shares of Nutrien in a research report on Saturday, September 27th. Barclays upped their price objective on Nutrien from $61.00 to $64.00 and gave the stock an "equal weight" rating in a research report on Monday, July 7th. National Bank Financial assumed coverage on Nutrien in a research report on Friday, September 5th. They set a "sector perform" rating for the company. Scotiabank dropped their price objective on Nutrien from $62.00 to $60.00 and set a "sector perform" rating for the company in a research report on Monday, August 11th. Finally, Jefferies Financial Group dropped their price objective on Nutrien from $61.00 to $60.00 and set a "hold" rating for the company in a research report on Tuesday, September 9th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $62.39.

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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