Stephens Inc. AR Raises Stock Position in Nutrien Ltd. (NYSE:NTR)

Stephens Inc. AR grew its holdings in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 335.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,301 shares of the company's stock after acquiring an additional 54,138 shares during the period. Stephens Inc. AR's holdings in Nutrien were worth $3,379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Manning & Napier Advisors LLC bought a new stake in shares of Nutrien during the 2nd quarter valued at $2,639,000. Cardinal Capital Management Inc. grew its position 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 valued at $27,139,000 after acquiring an additional 23,117 shares during the period. SG Americas Securities LLC grew its position in shares of Nutrien by 370.1% during the 1st quarter. SG Americas Securities LLC now owns 58,041 shares of the company's stock valued at $3,152,000 after acquiring an additional 45,695 shares during the period. Royal Fund Management LLC grew its position in shares of Nutrien by 88.6% during the 3rd quarter. Royal Fund Management LLC now owns 30,722 shares of the company's stock valued at $1,477,000 after acquiring an additional 14,434 shares during the period. Finally, BNP Paribas bought a new position in Nutrien in the 1st quarter worth $1,146,000. Institutional investors own 63.10% of the company's stock.

Nutrien Price Performance

Shares of NYSE NTR traded up $0.68 during mid-day trading on Friday, hitting $48.36. 1,610,656 shares of the company's stock traded hands, compared to its average volume of 1,999,614. The company's 50-day moving average is $47.85 and its two-hundred day moving average is $50.69. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.26 and a quick ratio of 0.82. The company has a market capitalization of $23.88 billion, a P/E ratio of 30.23, a PEG ratio of 1.55 and a beta of 0.82. Nutrien Ltd. has a 1 year low of $44.65 and a 1 year high of $60.87.

Nutrien (NYSE:NTR - Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.19 by $0.15. The firm had revenue of $10.16 billion for the quarter, compared to analysts' expectations of $10.82 billion. Nutrien had a net margin of 2.97% and a return on equity of 6.91%. The business's revenue was down 12.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.53 EPS. On average, equities analysts anticipate that Nutrien Ltd. will post 3.85 EPS for the current fiscal year.

Nutrien Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, September 27th were given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 4.47%. The ex-dividend date of this dividend was Friday, September 27th. Nutrien's dividend payout ratio is 135.00%.

Analyst Ratings Changes

Several research analysts recently weighed in on NTR shares. Scotiabank dropped their target price on shares of Nutrien from $66.00 to $59.00 and set a "sector outperform" rating for the company in a report on Monday, August 12th. BMO Capital Markets dropped their target price on shares of Nutrien from $80.00 to $75.00 and set an "outperform" rating for the company in a report on Friday, August 9th. TD Securities dropped their target price on shares of Nutrien from $69.00 to $67.00 and set a "buy" rating for the company in a report on Thursday, August 1st. Mizuho dropped their target price on shares of Nutrien from $55.00 to $52.00 and set a "neutral" rating for the company in a report on Thursday, August 8th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $60.00 target price on shares of Nutrien in a report on Friday, September 20th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, Nutrien presently has a consensus rating of "Hold" and a consensus price target of $60.67.

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.