Stifel Financial Corp Sells 192,001 Shares of Nutrien Ltd. (NYSE:NTR)

Stifel Financial Corp lowered its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 43.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 248,878 shares of the company's stock after selling 192,001 shares during the quarter. Stifel Financial Corp owned approximately 0.05% of Nutrien worth $11,961,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Goodman Financial Corp raised its holdings in Nutrien by 4.6% during the 3rd quarter. Goodman Financial Corp now owns 253,860 shares of the company's stock valued at $12,201,000 after acquiring an additional 11,058 shares during the period. CORDA Investment Management LLC. grew its position in shares of Nutrien by 7.0% in the third quarter. CORDA Investment Management LLC. now owns 494,745 shares of the company's stock valued at $23,777,000 after purchasing an additional 32,541 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Nutrien by 10.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,742,351 shares of the company's stock valued at $83,812,000 after purchasing an additional 157,932 shares during the period. Cardinal Capital Management Inc. lifted its holdings in 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 in the last quarter. Finally, Stephens Inc. AR boosted its stake in Nutrien by 335.0% in the 3rd quarter. Stephens Inc. AR now owns 70,301 shares of the company's stock worth $3,379,000 after purchasing an additional 54,138 shares during the period. Hedge funds and other institutional investors own 63.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and set a $60.00 target price on shares of Nutrien in a report on Friday, September 20th. Raymond James raised shares of Nutrien from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $58.00 to $60.00 in a report on Tuesday, December 3rd. The Goldman Sachs Group lowered Nutrien from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $69.00 to $53.00 in a research note on Tuesday, September 10th. Oppenheimer assumed coverage on Nutrien in a research note on Thursday. They issued an "outperform" rating and a $60.00 target price on the stock. Finally, Barclays dropped their price target on Nutrien from $68.00 to $55.00 and set an "overweight" rating for the company in a research report on Friday, August 16th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $58.95.

Nutrien Trading Up 0.1 %

Nutrien stock traded up $0.05 during trading hours on Thursday, reaching $47.93. The company had a trading volume of 2,404,443 shares, compared to its average volume of 1,960,914. 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 12-month low of $44.65 and a 12-month high of $60.87. The company has a 50-day moving average price of $47.92 and a 200 day moving average price of $49.17. The firm has a market cap of $23.67 billion, a price-to-earnings ratio of 32.23, a P/E/G ratio of 1.69 and a beta of 0.80.

Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). The firm had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.26 billion. Nutrien had a net margin of 2.79% and a return on equity of 6.99%. The company's quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.35 earnings per share. Equities analysts forecast that Nutrien Ltd. will post 3.54 earnings per share for the current year.

Nutrien Increases Dividend

The firm 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. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Nutrien's previous quarterly dividend of $0.54. This represents a $3.76 annualized dividend and a dividend yield of 7.84%. Nutrien's dividend payout ratio (DPR) is presently 144.97%.

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.