Goodman Financial Corp Has $12.20 Million Stock Holdings in Nutrien Ltd. (NYSE:NTR)

Goodman Financial Corp grew its holdings in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 4.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 253,860 shares of the company's stock after purchasing an additional 11,058 shares during the period. Nutrien makes up about 2.7% of Goodman Financial Corp's holdings, making the stock its 22nd biggest position. Goodman Financial Corp owned approximately 0.05% of Nutrien worth $12,201,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of NTR. Lester Murray Antman dba SimplyRich grew its holdings in Nutrien by 2.3% during the 2nd quarter. Lester Murray Antman dba SimplyRich now owns 9,069 shares of the company's stock valued at $461,000 after buying an additional 202 shares during the last quarter. FFT Wealth Management LLC grew its holdings in Nutrien by 0.8% during the 2nd quarter. FFT Wealth Management LLC now owns 29,220 shares of the company's stock valued at $1,488,000 after buying an additional 220 shares during the last quarter. MONECO Advisors LLC grew its holdings in Nutrien by 2.4% during the 2nd quarter. MONECO Advisors LLC now owns 9,791 shares of the company's stock valued at $498,000 after buying an additional 233 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Nutrien by 6.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,309 shares of the company's stock valued at $207,000 after buying an additional 263 shares during the last quarter. Finally, Royal London Asset Management Ltd. grew its holdings in Nutrien by 1.1% during the 2nd quarter. Royal London Asset Management Ltd. now owns 23,995 shares of the company's stock valued at $1,222,000 after buying an additional 265 shares during the last quarter. Institutional investors and hedge funds own 63.10% of the company's stock.

Nutrien Stock Down 2.0 %

Shares of NYSE NTR traded down $0.92 during mid-day trading on Tuesday, reaching $45.88. The company had a trading volume of 1,750,051 shares, compared to its average volume of 1,970,386. Nutrien Ltd. has a twelve month low of $44.65 and a twelve month high of $60.87. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. The stock has a market capitalization of $22.66 billion, a PE ratio of 31.42, a price-to-earnings-growth ratio of 1.65 and a beta of 0.82. The stock's 50 day moving average is $48.01 and its 200-day moving average is $50.03.

Nutrien (NYSE:NTR - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). The business had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.26 billion. Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The company's revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.35 earnings per share. As a group, equities analysts anticipate that Nutrien Ltd. will post 3.56 earnings per share for the current fiscal year.

Nutrien Increases Dividend

The business 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 annualized dividend and a dividend yield of 8.19%. The ex-dividend date is Tuesday, December 31st. This is a boost from Nutrien's previous quarterly dividend of $0.54. Nutrien's dividend payout ratio (DPR) is presently 144.97%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. The Goldman Sachs Group cut Nutrien from a "buy" rating to a "neutral" rating and lowered their target price for the company from $69.00 to $53.00 in a report on Tuesday, September 10th. Wells Fargo & Company lowered Nutrien from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $62.00 to $50.00 in a research note on Tuesday, September 24th. HSBC lowered Nutrien from a "hold" rating to a "reduce" rating in a research note on Friday, August 2nd. Hsbc Global Res lowered Nutrien from a "hold" rating to a "moderate sell" rating in a research note on Friday, August 2nd. Finally, TD Securities reduced their price target on Nutrien from $63.00 to $61.00 and set a "buy" rating on the stock in a research note on Tuesday, November 12th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $60.33.

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.