Nutrien Ltd. (NYSE:NTR) Shares Sold by Bourne Lent Asset Management Inc.

Bourne Lent Asset Management Inc. lessened its position in Nutrien Ltd. (NYSE:NTRFree Report) by 1.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,732 shares of the company’s stock after selling 460 shares during the period. Nutrien makes up 0.8% of Bourne Lent Asset Management Inc.’s portfolio, making the stock its 23rd biggest position. Bourne Lent Asset Management Inc.’s holdings in Nutrien were worth $1,941,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Miller Howard Investments Inc. NY boosted its position in Nutrien by 16.5% during the 1st quarter. Miller Howard Investments Inc. NY now owns 622,193 shares of the company’s stock worth $33,791,000 after acquiring an additional 88,014 shares during the period. Pacifica Partners Inc. raised its stake in shares of Nutrien by 242.2% during the first quarter. Pacifica Partners Inc. now owns 23,271 shares of the company’s stock valued at $1,221,000 after purchasing an additional 16,470 shares in the last quarter. Murphy Pohlad Asset Management LLC lifted its holdings in Nutrien by 61.9% in the first quarter. Murphy Pohlad Asset Management LLC now owns 46,259 shares of the company’s stock worth $2,512,000 after purchasing an additional 17,689 shares during the period. Cardinal Capital Management Inc. grew its position in Nutrien by 23.2% in the 1st quarter. Cardinal Capital Management Inc. now owns 542,380 shares of the company’s stock valued at $29,488,000 after buying an additional 102,155 shares in the last quarter. Finally, Mather Group LLC. acquired a new position in Nutrien during the 1st quarter valued at about $155,000. 63.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NTR has been the subject of a number of research analyst reports. Berenberg Bank raised shares of Nutrien from a “hold” rating to a “buy” rating and upped their price target for the stock from $60.00 to $66.00 in a research note on Monday, April 29th. Piper Sandler decreased their price target on Nutrien from $56.00 to $55.00 and set an “underweight” rating for the company in a research note on Tuesday, June 11th. Wells Fargo & Company boosted their price objective on Nutrien from $67.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday, May 10th. Jefferies Financial Group initiated coverage on Nutrien in a report on Tuesday, March 26th. They set a “buy” rating and a $62.00 target price on the stock. Finally, Mizuho upped their price target on shares of Nutrien from $54.00 to $56.00 and gave the company an “underweight” rating in a report on Friday, May 17th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $66.28.

Read Our Latest Analysis on Nutrien

Nutrien Stock Down 1.2 %

NYSE:NTR traded down $0.64 during trading hours on Tuesday, hitting $52.01. 932,624 shares of the stock traded hands, compared to its average volume of 1,876,038. Nutrien Ltd. has a fifty-two week low of $47.90 and a fifty-two week high of $69.12. The company has a current ratio of 1.15, a quick ratio of 0.53 and a debt-to-equity ratio of 0.36. The firm has a market cap of $25.73 billion, a price-to-earnings ratio of 30.80, a PEG ratio of 1.65 and a beta of 0.87. The firm has a 50 day moving average price of $54.92 and a 200 day moving average price of $53.79.

Nutrien (NYSE:NTRGet Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.34 by $0.11. The business had revenue of $5.39 billion during the quarter, compared to analysts’ expectations of $5.38 billion. Nutrien had a net margin of 3.01% and a return on equity of 7.31%. Equities research analysts anticipate that Nutrien Ltd. will post 3.9 earnings per share for the current year.

Nutrien Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date of this dividend is Friday, June 28th. Nutrien’s dividend payout ratio (DPR) is presently 126.32%.

Nutrien Profile

(Free Report)

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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Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

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