Stifel Financial Corp Has $10.03 Million Stock Position in Nutrien Ltd. (NYSE:NTR)

Stifel Financial Corp lessened its stake in Nutrien Ltd. (NYSE:NTR - Free Report) by 9.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 224,118 shares of the company's stock after selling 24,760 shares during the quarter. Stifel Financial Corp's holdings in Nutrien were worth $10,029,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of NTR. Uncommon Cents Investing LLC boosted its stake in Nutrien by 2.1% during the 4th quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company's stock valued at $517,000 after purchasing an additional 235 shares during the period. Rhumbline Advisers increased its position in Nutrien by 3.5% in the 4th quarter. Rhumbline Advisers now owns 7,398 shares of the company's stock worth $331,000 after buying an additional 247 shares during the period. FFT Wealth Management LLC lifted its holdings in shares of Nutrien by 0.9% during the fourth quarter. FFT Wealth Management LLC now owns 29,732 shares of the company's stock worth $1,330,000 after buying an additional 277 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Nutrien by 23.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,804 shares of the company's stock valued at $81,000 after acquiring an additional 348 shares during the period. Finally, PFG Investments LLC grew its stake in shares of Nutrien by 2.0% in the fourth quarter. PFG Investments LLC now owns 20,097 shares of the company's stock worth $899,000 after acquiring an additional 386 shares during the last quarter. Hedge funds and other institutional investors own 63.10% of the company's stock.

Nutrien Price Performance

Shares of Nutrien stock traded up $0.30 during trading on Wednesday, reaching $57.11. The company's stock had a trading volume of 3,357,655 shares, compared to its average volume of 2,114,086. Nutrien Ltd. has a one year low of $43.70 and a one year high of $60.87. The stock has a 50-day moving average price of $51.26 and a two-hundred day moving average price of $49.50. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $27.88 billion, a P/E ratio of 41.69, a price-to-earnings-growth ratio of 1.19 and a beta of 0.77.

Nutrien (NYSE:NTR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.09). The company had revenue of $5.08 billion during the quarter, compared to analyst estimates of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. As a group, sell-side 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 was paid on Thursday, April 10th. Stockholders of record on Monday, March 31st were paid a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend was Monday, March 31st. Nutrien's dividend payout ratio (DPR) is presently 159.12%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. CIBC increased their price target on shares of Nutrien from $64.00 to $66.00 and gave the company an "outperformer" rating in a report on Tuesday, February 25th. UBS Group lowered their price target on Nutrien from $54.00 to $52.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Royal Bank of Canada reissued an "outperform" rating and set a $60.00 price objective on shares of Nutrien in a report on Monday, February 24th. Berenberg Bank raised their target price on Nutrien from $54.00 to $59.00 and gave the stock a "buy" rating in a research report on Tuesday, April 15th. Finally, BNP Paribas upgraded shares of Nutrien to a "strong-buy" rating in a research note on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $59.27.

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.