Nutrien Ltd. $NTR Position Raised by TD Asset Management Inc

TD Asset Management Inc lifted its position in shares of Nutrien Ltd. (NYSE:NTR) by 16.5% in the 3rd quarter, Holdings Channel reports. The fund owned 7,368,861 shares of the company’s stock after buying an additional 1,043,766 shares during the period. TD Asset Management Inc’s holdings in Nutrien were worth $432,838,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Root Financial Partners LLC acquired a new position in Nutrien during the 3rd quarter valued at about $37,000. Huntington National Bank raised its holdings in shares of Nutrien by 72.6% during the second quarter. Huntington National Bank now owns 656 shares of the company’s stock valued at $38,000 after buying an additional 276 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Nutrien by 42.4% during the second quarter. Geneos Wealth Management Inc. now owns 735 shares of the company’s stock worth $43,000 after buying an additional 219 shares during the period. Acadian Asset Management LLC bought a new position in Nutrien in the 1st quarter worth approximately $54,000. Finally, Bessemer Group Inc. increased its position in Nutrien by 27.7% in the 3rd quarter. Bessemer Group Inc. now owns 937 shares of the company’s stock valued at $55,000 after acquiring an additional 203 shares during the period. Institutional investors and hedge funds own 63.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Wells Fargo & Company boosted their price target on Nutrien from $64.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. Morgan Stanley raised shares of Nutrien from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $70.00 to $77.00 in a report on Wednesday, January 14th. TD Securities increased their target price on shares of Nutrien from $80.00 to $81.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. Weiss Ratings restated a “hold (c)” rating on shares of Nutrien in a research report on Monday, December 29th. Finally, Jefferies Financial Group upped their price target on shares of Nutrien from $60.00 to $74.00 and gave the stock a “hold” rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $71.47.

Nutrien Price Performance

Shares of Nutrien stock opened at $72.68 on Wednesday. Nutrien Ltd. has a 52 week low of $45.78 and a 52 week high of $73.55. The company has a current ratio of 1.34, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. The company’s 50-day moving average price is $66.64 and its two-hundred day moving average price is $60.92. The stock has a market cap of $34.99 billion, a PE ratio of 15.60 and a beta of 0.73.

Nutrien (NYSE:NTR) last released its earnings results on Wednesday, February 18th. The company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.04). The business had revenue of $5.12 billion during the quarter, compared to the consensus estimate of $5.26 billion. Nutrien had a return on equity of 8.41% and a net margin of 8.43%.The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.31 earnings per share. As a group, sell-side analysts anticipate that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Investors of record on Tuesday, March 31st will be paid a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.20 dividend on an annualized basis and a yield of 3.0%. This is an increase from Nutrien’s previous quarterly dividend of $0.55. Nutrien’s dividend payout ratio (DPR) is 46.78%.

Nutrien Company Profile

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.