Goodman Financial Corp Has $7.30 Million Stake in Nutrien Ltd. $NTR

Goodman Financial Corp reduced its holdings in Nutrien Ltd. (NYSE:NTR) by 63.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 96,772 shares of the company’s stock after selling 165,702 shares during the quarter. Goodman Financial Corp’s holdings in Nutrien were worth $7,302,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Wellington Management Group LLP lifted its holdings in shares of Nutrien by 440.2% during the 4th quarter. Wellington Management Group LLP now owns 16,338,606 shares of the company’s stock valued at $1,008,713,000 after purchasing an additional 13,313,817 shares in the last quarter. Norges Bank acquired a new position in shares of Nutrien in the 4th quarter valued at approximately $412,635,000. TD Asset Management Inc increased its stake in Nutrien by 21.2% during the 4th quarter. TD Asset Management Inc now owns 8,928,534 shares of the company’s stock worth $551,821,000 after purchasing an additional 1,559,673 shares in the last quarter. Canoe Financial LP bought a new stake in Nutrien during the 1st quarter worth approximately $99,603,000. Finally, OMERS ADMINISTRATION Corp raised its holdings in Nutrien by 5,891.2% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 1,240,184 shares of the company’s stock worth $76,650,000 after buying an additional 1,219,484 shares during the period. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Trading Down 1.8%

NYSE:NTR opened at $67.11 on Friday. The company has a market cap of $32.10 billion, a P/E ratio of 13.67, a price-to-earnings-growth ratio of 0.67 and a beta of 0.62. Nutrien Ltd. has a twelve month low of $53.03 and a twelve month high of $85.36. The business has a 50 day moving average price of $66.92 and a two-hundred day moving average price of $69.87. The company has a quick ratio of 0.59, a current ratio of 1.24 and a debt-to-equity ratio of 0.35.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The company had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.30 billion. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. The firm’s revenue was up 18.5% compared to the same quarter last year. During the same period last year, the company earned $0.11 earnings per share. As a group, analysts expect that Nutrien Ltd. will post 5.11 EPS for the current fiscal year.

Nutrien Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Tuesday, June 30th will be given a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.20 dividend on an annualized basis and a yield of 3.3%. Nutrien’s dividend payout ratio (DPR) is 44.81%.

Analysts Set New Price Targets

A number of brokerages have weighed in on NTR. Berenberg Bank set a $65.00 price target on shares of Nutrien and gave the company a “hold” rating in a research note on Wednesday, June 10th. Raymond James Financial upgraded shares of Nutrien from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $74.00 to $90.00 in a report on Tuesday, May 5th. Scotia raised shares of Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 price objective on the stock in a research report on Tuesday, June 30th. Wall Street Zen lowered shares of Nutrien from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings upgraded Nutrien from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 1st. Fourteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $82.00.

Nutrien Company Profile

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.