Sava Infond d.o.o. Takes $1.05 Million Position in Nutrien Ltd. (NYSE:NTR)

Sava Infond d.o.o. bought a new position in Nutrien Ltd. (NYSE:NTR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 23,560 shares of the company’s stock, valued at approximately $1,054,000.

A number of other hedge funds also recently made changes to their positions in the company. Fairway Wealth LLC bought a new stake in Nutrien in the 4th quarter worth approximately $27,000. HHM Wealth Advisors LLC boosted its position in shares of Nutrien by 331.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock valued at $28,000 after acquiring an additional 480 shares during the last quarter. Assetmark Inc. boosted its position in shares of Nutrien by 1,437.5% during the 4th quarter. Assetmark Inc. now owns 738 shares of the company’s stock valued at $33,000 after acquiring an additional 690 shares during the last quarter. Asset Planning Inc bought a new stake in Nutrien in the fourth quarter worth $35,000. Finally, Exchange Traded Concepts LLC raised its stake in Nutrien by 96.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock valued at $38,000 after purchasing an additional 416 shares in the last quarter. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Wells Fargo & Company increased their price objective on shares of Nutrien from $53.00 to $56.00 and gave the company an “equal weight” rating in a research report on Friday, February 21st. CIBC lifted their price target on Nutrien from $64.00 to $66.00 and gave the stock an “outperformer” rating in a research report on Tuesday, February 25th. Raymond James upgraded Nutrien from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $58.00 to $60.00 in a research report on Tuesday, December 3rd. UBS Group lifted their target price on Nutrien from $53.00 to $54.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Finally, The Goldman Sachs Group initiated coverage on Nutrien in a report on Thursday, March 13th. They set a “sell” rating and a $53.00 price target on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $60.00.

Nutrien Trading Up 0.7 %

Shares of NTR opened at $50.48 on Thursday. The firm has a market capitalization of $24.70 billion, a price-to-earnings ratio of 36.85, a PEG ratio of 1.19 and a beta of 0.81. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82. Nutrien Ltd. has a 1-year low of $43.70 and a 1-year high of $60.87. The company has a 50-day moving average of $51.64 and a 200 day moving average of $48.93.

Nutrien (NYSE:NTR) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.09). Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The company had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $5.09 billion. On average, research analysts expect that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be issued a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend is Monday, March 31st. Nutrien’s dividend payout ratio is 159.12%.

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.