Goodman Advisory Group LLC Invests $429,000 in Nutrien Ltd. (NYSE:NTR)

Goodman Advisory Group LLC purchased a new position in shares of Nutrien Ltd. (NYSE:NTR) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 7,617 shares of the company’s stock, valued at approximately $429,000.

Several other large investors also recently made changes to their positions in NTR. GHP Investment Advisors Inc. bought a new stake in shares of Nutrien during the 3rd quarter worth about $27,000. Legacy Financial Group LLC bought a new stake in Nutrien during the 3rd quarter valued at approximately $28,000. Covestor Ltd bought a new stake in Nutrien during the 1st quarter valued at approximately $30,000. Zions Bancorporation N.A. boosted its stake in Nutrien by 55.2% during the 1st quarter. Zions Bancorporation N.A. now owns 301 shares of the company’s stock valued at $31,000 after purchasing an additional 107 shares during the period. Finally, Exchange Traded Concepts LLC boosted its stake in Nutrien by 904.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 753 shares of the company’s stock valued at $42,000 after purchasing an additional 678 shares during the period. Institutional investors own 63.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. JPMorgan Chase & Co. downgraded Nutrien from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $58.00 to $48.00 in a research note on Friday, February 23rd. Raymond James downgraded Nutrien from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $80.00 to $65.00 in a research note on Friday, January 12th. Stifel Nicolaus increased their target price on Nutrien from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, January 19th. Jefferies Financial Group began coverage on Nutrien in a report on Tuesday, March 26th. They issued a “buy” rating and a $62.00 price target for the company. Finally, TD Securities cut their price target on Nutrien from $75.00 to $67.00 and set a “buy” rating for the company in a report on Tuesday, February 20th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $67.95.

Nutrien Price Performance

Shares of NTR traded down $0.69 during mid-day trading on Wednesday, reaching $51.67. The company had a trading volume of 1,471,560 shares, compared to its average volume of 2,087,242. The company’s 50-day moving average is $52.80 and its 200-day moving average is $54.39. Nutrien Ltd. has a twelve month low of $47.90 and a twelve month high of $75.29. The company has a market capitalization of $25.56 billion, a P/E ratio of 20.42, a P/E/G ratio of 1.91 and a beta of 0.89. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.17 and a quick ratio of 0.65.

Nutrien (NYSE:NTR) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.35). Nutrien had a net margin of 4.33% and a return on equity of 8.59%. The business had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.36 billion. During the same period in the prior year, the business earned $2.02 earnings per share. The company’s revenue for the quarter was down 24.8% on a year-over-year basis. On average, equities analysts anticipate that Nutrien Ltd. will post 3.91 EPS for the current year.

Nutrien Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 4.18%. This is a boost from Nutrien’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Wednesday, March 27th. Nutrien’s dividend payout ratio (DPR) is currently 85.38%.

About Nutrien

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.