Baird Financial Group Inc. Has $6.34 Million Stock Position in Nutrien Ltd. $NTR

Baird Financial Group Inc. grew its holdings in Nutrien Ltd. (NYSE:NTR) by 209.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 108,854 shares of the company’s stock after purchasing an additional 73,631 shares during the quarter. Baird Financial Group Inc.’s holdings in Nutrien were worth $6,340,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. LPL Financial LLC raised its position in shares of Nutrien by 3.1% during the 1st quarter. LPL Financial LLC now owns 107,957 shares of the company’s stock valued at $5,362,000 after acquiring an additional 3,225 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Nutrien by 15.2% in the first quarter. PNC Financial Services Group Inc. now owns 19,053 shares of the company’s stock valued at $946,000 after buying an additional 2,517 shares during the period. Atria Wealth Solutions Inc. boosted its holdings in Nutrien by 27.0% during the first quarter. Atria Wealth Solutions Inc. now owns 7,511 shares of the company’s stock worth $376,000 after buying an additional 1,595 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Nutrien by 7.1% during the 1st quarter. Vanguard Group Inc. now owns 21,191,003 shares of the company’s stock worth $1,051,709,000 after buying an additional 1,412,503 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Nutrien by 6.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,017,204 shares of the company’s stock valued at $100,101,000 after acquiring an additional 130,828 shares during the last quarter. 63.10% of the stock is owned by institutional investors.

Nutrien Stock Down 0.8%

Shares of NTR stock opened at $58.62 on Wednesday. The firm’s fifty day moving average price is $57.82 and its two-hundred day moving average price is $58.48. The company has a current ratio of 1.41, a quick ratio of 0.89 and a debt-to-equity ratio of 0.39. Nutrien Ltd. has a 1 year low of $43.69 and a 1 year high of $65.08. The firm has a market capitalization of $28.34 billion, a P/E ratio of 15.80, a PEG ratio of 0.68 and a beta of 0.72.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, November 5th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.06. The business had revenue of $5.82 billion for the quarter, compared to the consensus estimate of $5.59 billion. Nutrien had a return on equity of 7.54% and a net margin of 6.79%.Nutrien’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.39 earnings per share. On average, equities analysts predict that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Wednesday, December 31st will be paid a $0.545 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $2.18 annualized dividend and a dividend yield of 3.7%. Nutrien’s dividend payout ratio (DPR) is currently 58.76%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on NTR shares. Oppenheimer reissued an “outperform” rating on shares of Nutrien in a research note on Wednesday, October 22nd. Zacks Research cut shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Wall Street Zen lowered Nutrien from a “strong-buy” rating to a “buy” rating in a report on Friday, September 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of Nutrien in a research note on Tuesday, November 25th. Finally, National Bank Financial assumed coverage on shares of Nutrien in a research note on Friday, September 5th. They issued a “sector perform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Nutrien presently has an average rating of “Hold” and an average price target of $62.94.

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.