Murphy Pohlad Asset Management LLC Has $2.92 Million Holdings in Nutrien Ltd. (NYSE:NTR)

Murphy Pohlad Asset Management LLC increased its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 9.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 58,799 shares of the company's stock after acquiring an additional 5,165 shares during the period. Murphy Pohlad Asset Management LLC's holdings in Nutrien were worth $2,921,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its position in shares of Nutrien by 8.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,886,376 shares of the company's stock valued at $84,367,000 after purchasing an additional 144,025 shares during the period. Secured Retirement Advisors LLC acquired a new position in Nutrien in the 4th quarter valued at $654,000. Sanctuary Advisors LLC raised its holdings in Nutrien by 12.3% in the 4th quarter. Sanctuary Advisors LLC now owns 36,815 shares of the company's stock worth $1,647,000 after acquiring an additional 4,028 shares during the period. Jackson Hole Capital Partners LLC lifted its position in Nutrien by 5.4% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 58,591 shares of the company's stock worth $2,622,000 after acquiring an additional 2,997 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in Nutrien by 29.6% during the fourth quarter. US Bancorp DE now owns 30,549 shares of the company's stock valued at $1,367,000 after acquiring an additional 6,975 shares during the period. 63.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on NTR shares. TD Securities raised their price target on Nutrien from $64.00 to $67.00 and gave the company a "buy" rating in a research report on Monday, May 12th. BNP Paribas raised Nutrien to a "strong-buy" rating in a report on Wednesday, April 9th. Royal Bank of Canada lifted their price target on Nutrien from $60.00 to $65.00 and gave the stock an "outperform" rating in a research report on Monday, May 12th. The Goldman Sachs Group increased their price objective on Nutrien from $53.00 to $59.00 and gave the company a "sell" rating in a research report on Friday, May 9th. Finally, CIBC raised their price objective on shares of Nutrien from $64.00 to $66.00 and gave the stock an "outperformer" rating in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Nutrien has an average rating of "Hold" and a consensus price target of $61.44.

Nutrien Stock Up 4.0%

NTR opened at $62.87 on Monday. The company has a market capitalization of $30.66 billion, a P/E ratio of 45.89, a P/E/G ratio of 1.19 and a beta of 0.81. 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's fifty day moving average price is $56.35 and its two-hundred day moving average price is $52.04. Nutrien Ltd. has a fifty-two week low of $43.70 and a fifty-two week high of $62.92.

Nutrien (NYSE:NTR - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.24). The business had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $5.16 billion. Nutrien had a return on equity of 6.81% and a net margin of 2.62%. Nutrien's revenue was down 5.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.46 earnings per share. On average, analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Dividend Announcement

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 paid a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend is Monday, June 30th. Nutrien's dividend payout ratio is 203.74%.

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.

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