Stephens Inc. AR Sells 11,210 Shares of Nutrien Ltd. $NTR

Stephens Inc. AR cut its stake in shares of Nutrien Ltd. (NYSE:NTR) by 15.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 60,845 shares of the company’s stock after selling 11,210 shares during the period. Stephens Inc. AR’s holdings in Nutrien were worth $4,591,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Montag A & Associates Inc. boosted its holdings in shares of Nutrien by 310.7% in the 4th quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock valued at $26,000 after buying an additional 320 shares during the last quarter. Evolution Wealth Management Inc. acquired a new position in Nutrien during the first quarter worth $32,000. Sfam LLC acquired a new position in Nutrien during the fourth quarter worth $37,000. Eastern Bank raised its position in Nutrien by 133.0% during the fourth quarter. Eastern Bank now owns 699 shares of the company’s stock worth $43,000 after acquiring an additional 399 shares in the last quarter. Finally, Harbour Investments Inc. raised its position in Nutrien by 97.2% during the fourth quarter. Harbour Investments Inc. now owns 704 shares of the company’s stock worth $43,000 after acquiring an additional 347 shares in the last quarter. 63.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Wall Street Zen downgraded shares of Nutrien from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Scotiabank upgraded shares of Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 target price for the company in a research note on Tuesday, June 30th. Jefferies Financial Group upgraded Nutrien from a “hold” rating to a “buy” rating and lifted their price target for the stock from $74.00 to $96.00 in a report on Thursday, March 12th. Canadian Imperial Bank of Commerce lowered their price target on Nutrien from $90.00 to $88.00 and set an “outperformer” rating on the stock in a research report on Thursday, April 30th. Finally, Morgan Stanley dropped their price objective on Nutrien from $93.00 to $81.00 and set an “overweight” rating on the stock in a research note on Tuesday. Thirteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $80.94.

Nutrien Stock Performance

NTR opened at $65.33 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.24 and a quick ratio of 0.59. The business has a fifty day simple moving average of $67.85 and a 200 day simple moving average of $69.67. Nutrien Ltd. has a 1 year low of $53.03 and a 1 year high of $85.36. The company has a market capitalization of $31.31 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 0.59 and a beta of 0.62.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. The firm had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.30 billion. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The company’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.11 EPS. Research analysts expect that Nutrien Ltd. will post 5.45 EPS for the current year.

Nutrien Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Tuesday, June 30th will be paid a $0.55 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.20 annualized dividend and a yield of 3.4%. Nutrien’s payout ratio is 44.81%.

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.