Minneapolis Portfolio Management Group LLC Acquires Shares of 366,948 Nutrien Ltd. (NYSE:NTR)

Minneapolis Portfolio Management Group LLC acquired a new stake in shares of Nutrien Ltd. (NYSE:NTR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 366,948 shares of the company’s stock, valued at approximately $16,421,000. Nutrien makes up about 2.2% of Minneapolis Portfolio Management Group LLC’s holdings, making the stock its 26th biggest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fairway Wealth LLC acquired a new stake in Nutrien during the fourth quarter valued at approximately $27,000. HHM Wealth Advisors LLC raised its stake in Nutrien by 331.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock valued at $28,000 after buying an additional 480 shares in the last quarter. Assetmark Inc. raised its stake in Nutrien by 1,437.5% during the fourth quarter. Assetmark Inc. now owns 738 shares of the company’s stock valued at $33,000 after buying an additional 690 shares in the last quarter. Asset Planning Inc acquired a new position in Nutrien in the fourth quarter valued at approximately $35,000. Finally, Exchange Traded Concepts LLC grew its holdings in shares of Nutrien by 96.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock valued at $38,000 after purchasing an additional 416 shares during the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NTR. Mizuho upped their target price on Nutrien from $52.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. UBS Group upped their target price on Nutrien from $53.00 to $54.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. Oppenheimer began coverage on Nutrien in a report on Thursday, December 12th. They set an “outperform” rating and a $60.00 target price for the company. Barclays upped their target price on Nutrien from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Wednesday, March 5th. Finally, Wells Fargo & Company raised their price target on shares of Nutrien from $53.00 to $56.00 and gave the company an “equal weight” rating in a research note on Friday, February 21st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $60.13.

Nutrien Trading Up 0.1 %

Nutrien stock opened at $52.48 on Monday. The firm has a 50 day simple moving average of $51.67 and a 200-day simple moving average of $48.84. 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 stock has a market capitalization of $25.68 billion, a PE ratio of 38.31, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81. Nutrien Ltd. has a 12-month low of $43.70 and a 12-month high of $60.87.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.09). The company had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. As a group, equities research analysts expect 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 will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be issued a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date of this dividend is Monday, March 31st. Nutrien’s payout ratio is 159.12%.

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.