Nutrien Ltd. (NYSE:NTR) Stock Holdings Lifted by Goodman Financial Corp

Goodman Financial Corp raised its position in shares of Nutrien Ltd. (NYSE:NTR) by 4.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 253,860 shares of the company’s stock after purchasing an additional 11,058 shares during the period. Nutrien accounts for about 2.7% of Goodman Financial Corp’s investment portfolio, making the stock its 22nd largest position. Goodman Financial Corp owned approximately 0.05% of Nutrien worth $12,201,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. CORDA Investment Management LLC. increased its holdings in Nutrien by 7.0% in the third quarter. CORDA Investment Management LLC. now owns 494,745 shares of the company’s stock worth $23,777,000 after buying an additional 32,541 shares during the last quarter. Manning & Napier Advisors LLC bought a new stake in Nutrien in the second quarter worth approximately $2,639,000. Cardinal Capital Management Inc. increased its stake in shares of Nutrien by 4.3% during the 3rd quarter. Cardinal Capital Management Inc. now owns 564,078 shares of the company’s stock worth $27,139,000 after purchasing an additional 23,117 shares during the last quarter. Stephens Inc. AR raised its holdings in shares of Nutrien by 335.0% during the 3rd quarter. Stephens Inc. AR now owns 70,301 shares of the company’s stock valued at $3,379,000 after purchasing an additional 54,138 shares in the last quarter. Finally, Royal Fund Management LLC lifted its stake in shares of Nutrien by 88.6% in the 3rd quarter. Royal Fund Management LLC now owns 30,722 shares of the company’s stock valued at $1,477,000 after purchasing an additional 14,434 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Nutrien Stock Performance

NYSE NTR opened at $46.90 on Tuesday. The company’s fifty day moving average is $48.01 and its two-hundred day moving average is $50.03. Nutrien Ltd. has a 52-week low of $44.65 and a 52-week high of $60.87. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82. The firm has a market capitalization of $23.16 billion, a price-to-earnings ratio of 31.42, a P/E/G ratio of 1.65 and a beta of 0.82.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, November 6th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The firm had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.26 billion. During the same period last year, the business earned $0.35 earnings per share. The firm’s quarterly revenue was down 5.0% compared to the same quarter last year. Equities research analysts forecast that Nutrien Ltd. will post 3.56 EPS for the current year.

Nutrien Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be paid a $0.939 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 8.01%. This is a positive change from Nutrien’s previous quarterly dividend of $0.54. The ex-dividend date is Tuesday, December 31st. Nutrien’s dividend payout ratio is presently 144.97%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $60.00 target price on shares of Nutrien in a research report on Friday, September 20th. Barclays lowered their price objective on Nutrien from $68.00 to $55.00 and set an “overweight” rating on the stock in a report on Friday, August 16th. TD Securities reduced their target price on Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. BMO Capital Markets decreased their target price on Nutrien from $80.00 to $75.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Finally, The Goldman Sachs Group lowered shares of Nutrien from a “buy” rating to a “neutral” rating and dropped their price target for the company from $69.00 to $53.00 in a research report on Tuesday, September 10th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Nutrien currently has a consensus rating of “Hold” and a consensus target price of $60.33.

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.