TD Asset Management Inc Purchases 145,737 Shares of Nutrien Ltd. $NTR

TD Asset Management Inc increased its position in Nutrien Ltd. (NYSE:NTR) by 2.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,325,095 shares of the company’s stock after purchasing an additional 145,737 shares during the quarter. TD Asset Management Inc’s holdings in Nutrien were worth $367,837,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Harbour Investments Inc. lifted its holdings in Nutrien by 94.8% during the first quarter. Harbour Investments Inc. now owns 715 shares of the company’s stock worth $35,000 after buying an additional 348 shares during the period. Trust Co. of Toledo NA OH purchased a new position in Nutrien in the 2nd quarter worth $49,000. Allworth Financial LP raised its stake in Nutrien by 117.1% in the 1st quarter. Allworth Financial LP now owns 938 shares of the company’s stock worth $50,000 after acquiring an additional 506 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in Nutrien by 1,074.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,022 shares of the company’s stock worth $51,000 after purchasing an additional 935 shares during the period. Finally, GAMMA Investing LLC grew its position in Nutrien by 4,866.7% during the 1st quarter. GAMMA Investing LLC now owns 1,043 shares of the company’s stock worth $52,000 after purchasing an additional 1,022 shares during the period. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Price Performance

NYSE:NTR opened at $60.00 on Tuesday. Nutrien Ltd. has a 52 week low of $43.69 and a 52 week high of $65.08. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $29.11 billion, a PE ratio of 21.51, a price-to-earnings-growth ratio of 0.97 and a beta of 0.82. The stock’s 50-day moving average price is $57.74 and its 200-day moving average price is $57.41.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, August 6th. The company reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.24. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The firm had revenue of $10.30 billion for the quarter, compared to analysts’ expectations of $10.40 billion. During the same period last year, the firm earned $2.34 EPS. The company’s quarterly revenue was up 2.8% on a year-over-year basis. As a group, equities analysts expect that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 29th will be issued a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 3.6%. The ex-dividend date is Monday, September 29th. Nutrien’s payout ratio is presently 78.14%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NTR. Jefferies Financial Group cut their price target on Nutrien from $61.00 to $60.00 and set a “hold” rating on the stock in a research report on Tuesday, September 9th. Barclays increased their price target on Nutrien from $61.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Monday, July 7th. TD Securities increased their price target on Nutrien from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, August 11th. Wells Fargo & Company increased their price target on Nutrien from $59.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 17th. Finally, National Bankshares began coverage on Nutrien in a research report on Friday, September 5th. They set a “sector perform” rating and a $64.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Nutrien has a consensus rating of “Hold” and a consensus price target of $62.39.

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.