Goodman Financial Corp Purchases 9,345 Shares of Nutrien Ltd. (NYSE:NTR)

Goodman Financial Corp boosted its position in Nutrien Ltd. (NYSE:NTR) by 3.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 263,205 shares of the company’s stock after purchasing an additional 9,345 shares during the period. Nutrien comprises approximately 2.5% of Goodman Financial Corp’s investment portfolio, making the stock its 26th largest position. Goodman Financial Corp’s holdings in Nutrien were worth $11,778,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of NTR. Fairway Wealth LLC purchased a new stake in shares of Nutrien in the 4th quarter valued at $27,000. HHM Wealth Advisors LLC boosted its position in Nutrien by 331.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock valued at $28,000 after buying an additional 480 shares during the period. Assetmark Inc. boosted its position in Nutrien by 1,437.5% during the fourth quarter. Assetmark Inc. now owns 738 shares of the company’s stock valued at $33,000 after buying an additional 690 shares during the period. Asset Planning Inc bought a new position in shares of Nutrien during the fourth quarter valued at about $35,000. Finally, Exchange Traded Concepts LLC increased its holdings in shares of Nutrien by 96.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock worth $38,000 after buying an additional 416 shares during the period. 63.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on NTR shares. JPMorgan Chase & Co. upgraded Nutrien from an “underweight” rating to a “neutral” rating and increased their target price for the company from $40.00 to $50.00 in a report on Monday, January 13th. Raymond James raised Nutrien from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $58.00 to $60.00 in a research note on Tuesday, December 3rd. Scotiabank lifted their target price on shares of Nutrien from $60.00 to $62.00 and gave the stock a “sector outperform” rating in a research note on Monday, February 24th. The Goldman Sachs Group began coverage on shares of Nutrien in a research report on Thursday, March 13th. They set a “sell” rating and a $53.00 price target for the company. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $60.00 price target on shares of Nutrien in a report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Nutrien presently has a consensus rating of “Hold” and an average target price of $60.13.

Nutrien Stock Performance

Shares of NTR opened at $52.46 on Friday. Nutrien Ltd. has a one year low of $43.70 and a one year high of $60.87. The company has a 50-day simple moving average of $51.59 and a two-hundred day simple moving average of $48.79. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82. The firm has a market capitalization of $25.67 billion, a PE ratio of 38.29, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, February 19th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). The firm had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. On average, analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be given a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend is Monday, March 31st. Nutrien’s dividend payout ratio is presently 159.12%.

Nutrien Company 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.