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

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

Other large investors also recently modified their holdings of the company. Evolution Wealth Management Inc. bought a new position in shares of Nutrien in the first quarter worth $32,000. Oxbow Advisors LLC grew its stake in Nutrien by 6.3% during the first quarter. Oxbow Advisors LLC now owns 152,059 shares of the company’s stock worth $11,474,000 after buying an additional 9,078 shares in the last quarter. Lesa Sroufe & Co grew its stake in Nutrien by 1.8% during the first quarter. Lesa Sroufe & Co now owns 52,002 shares of the company’s stock worth $3,924,000 after buying an additional 921 shares in the last quarter. HB Wealth Management LLC increased its holdings in Nutrien by 12.9% in the 1st quarter. HB Wealth Management LLC now owns 4,477 shares of the company’s stock valued at $337,000 after buying an additional 511 shares during the period. Finally, Moran Wealth Management LLC increased its holdings in Nutrien by 28.8% in the 1st quarter. Moran Wealth Management LLC now owns 33,383 shares of the company’s stock valued at $2,512,000 after buying an additional 7,462 shares during the period. 63.10% of the stock is owned by institutional investors and hedge funds.

Nutrien Trading Up 1.2%

NTR opened at $65.33 on Wednesday. The company has a market cap of $31.31 billion, a P/E ratio of 13.30, a PEG ratio of 0.59 and a beta of 0.62. The company has a current ratio of 1.24, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. The company’s 50 day moving average is $67.85 and its 200-day moving average is $69.67. Nutrien Ltd. has a 1-year low of $53.03 and a 1-year high of $85.36.

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

Nutrien Announces Dividend

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

Wall Street Analyst Weigh In

NTR has been the subject of a number of recent analyst reports. TD Securities reaffirmed a “buy” rating on shares of Nutrien in a report on Wednesday, May 6th. BMO Capital Markets lifted their price objective on shares of Nutrien from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, March 18th. Scotia upgraded shares of Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 price objective for the company in a research report on Tuesday, June 30th. Wells Fargo & Company upgraded Nutrien from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $77.00 to $100.00 in a research note on Friday, March 13th. Finally, Raymond James Financial upgraded Nutrien from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $74.00 to $90.00 in a research note on Tuesday, May 5th. Thirteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $80.94.

About Nutrien

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.