Murphy Pohlad Asset Management LLC Has $3.44 Million Stock Holdings in Nutrien Ltd. $NTR

Murphy Pohlad Asset Management LLC raised its holdings in Nutrien Ltd. (NYSE:NTR) by 0.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 59,035 shares of the company’s stock after purchasing an additional 236 shares during the quarter. Nutrien accounts for approximately 1.5% of Murphy Pohlad Asset Management LLC’s investment portfolio, making the stock its 23rd biggest position. Murphy Pohlad Asset Management LLC’s holdings in Nutrien were worth $3,438,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in shares of Nutrien by 48.7% during the 1st quarter. JPMorgan Chase & Co. now owns 6,992,535 shares of the company’s stock valued at $347,319,000 after acquiring an additional 2,291,518 shares in the last quarter. Vanguard Group Inc. boosted its holdings 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 valued at $1,051,709,000 after acquiring an additional 1,412,503 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Nutrien by 17.1% during the 1st quarter. Canada Pension Plan Investment Board now owns 8,786,309 shares of the company’s stock valued at $436,137,000 after acquiring an additional 1,284,181 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Nutrien during the 1st quarter valued at $63,542,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Nutrien by 16.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 6,554,638 shares of the company’s stock valued at $326,927,000 after acquiring an additional 927,041 shares in the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Stock Down 3.7%

Shares of NTR opened at $54.37 on Friday. The company has a market capitalization of $26.34 billion, a PE ratio of 19.49, a PEG ratio of 0.92 and a beta of 0.82. Nutrien Ltd. has a 12 month low of $43.69 and a 12 month high of $65.08. The stock’s 50-day moving average price is $57.78 and its two-hundred day moving average price is $58.10. The company has a current ratio of 1.33, a quick ratio of 0.85 and a debt-to-equity ratio of 0.39.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, August 6th. The company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.41 by $0.24. The firm had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.40 billion. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.34 EPS. On average, analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Monday, September 29th were given a $0.545 dividend. The ex-dividend date of this dividend was Monday, September 29th. This represents a $2.18 annualized dividend and a dividend yield of 4.0%. Nutrien’s dividend payout ratio (DPR) is 78.14%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on NTR shares. UBS Group cut their price objective on Nutrien from $64.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, August 7th. Wells Fargo & Company reissued a “cautious” rating on shares of Nutrien in a report on Thursday, October 16th. Oppenheimer reissued an “outperform” rating on shares of Nutrien in a report on Wednesday, October 22nd. National Bank Financial started coverage on Nutrien in a report on Friday, September 5th. They set a “sector perform” rating on the stock. Finally, Jefferies Financial Group cut their price objective on Nutrien from $61.00 to $60.00 and set a “hold” rating on the stock in a report on Tuesday, September 9th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Nutrien presently has a consensus rating of “Hold” and a consensus target price of $62.78.

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.