Baird Financial Group Inc. Has $1.45 Million Stock Holdings in Nutrien Ltd. (NYSE:NTR)

Baird Financial Group Inc. lowered its stake in Nutrien Ltd. (NYSE:NTR - Free Report) by 44.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,456 shares of the company's stock after selling 25,654 shares during the period. Baird Financial Group Inc.'s holdings in Nutrien were worth $1,452,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Bayesian Capital Management LP acquired a new stake in Nutrien during the 4th quarter worth $201,000. Bank of America Corp DE grew its holdings in Nutrien by 5.9% during the 4th quarter. Bank of America Corp DE now owns 2,685,886 shares of the company's stock worth $120,193,000 after acquiring an additional 150,464 shares during the period. American Trust Investment Advisors LLC grew its holdings in Nutrien by 33.0% during the 4th quarter. American Trust Investment Advisors LLC now owns 14,860 shares of the company's stock worth $665,000 after acquiring an additional 3,690 shares during the period. Aptus Capital Advisors LLC acquired a new stake in Nutrien during the 4th quarter worth $511,000. Finally, Parvin Asset Management LLC acquired a new stake in Nutrien during the 4th quarter worth $646,000. Institutional investors and hedge funds own 63.10% of the company's stock.

Nutrien Stock Up 0.8%

NTR traded up $0.46 during trading on Friday, hitting $57.92. The company had a trading volume of 1,752,913 shares, compared to its average volume of 2,141,606. The firm's 50-day moving average price is $52.62 and its 200 day moving average price is $50.30. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. Nutrien Ltd. has a one year low of $43.70 and a one year high of $60.87. The company has a market capitalization of $28.28 billion, a PE ratio of 42.28, a PEG ratio of 1.19 and a beta of 0.79.

Nutrien (NYSE:NTR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.24). Nutrien had a return on equity of 6.81% and a net margin of 2.62%. The business had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $5.16 billion. During the same period last year, the firm earned $0.46 earnings per share. The company's quarterly revenue was down 5.4% compared to the same quarter last year. As a group, equities analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 30th will be given a dividend of $0.545 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.18 annualized dividend and a yield of 3.76%. Nutrien's dividend payout ratio (DPR) is presently 203.74%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Oppenheimer lifted their target price on shares of Nutrien from $58.00 to $63.00 and gave the stock an "outperform" rating in a report on Tuesday, May 13th. CIBC lifted their target price on shares of Nutrien from $64.00 to $66.00 and gave the stock an "outperformer" rating in a report on Tuesday, February 25th. Barclays lifted their price target on shares of Nutrien from $59.00 to $61.00 and gave the stock an "equal weight" rating in a research report on Wednesday. The Goldman Sachs Group lifted their price target on shares of Nutrien from $53.00 to $59.00 and gave the stock a "sell" rating in a research report on Friday, May 9th. Finally, Bank of America lifted their price target on shares of Nutrien from $60.00 to $63.00 and gave the stock a "buy" rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $61.44.

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.