TD Waterhouse Canada Inc. Has $122.38 Million Holdings in Nutrien Ltd. $NTR

TD Waterhouse Canada Inc. lifted its stake in shares of Nutrien Ltd. (NYSE:NTR) by 3.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,989,437 shares of the company’s stock after acquiring an additional 66,553 shares during the quarter. Nutrien comprises approximately 0.9% of TD Waterhouse Canada Inc.’s holdings, making the stock its 28th largest position. TD Waterhouse Canada Inc. owned about 0.41% of Nutrien worth $122,384,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Cerity Partners LLC boosted its position in Nutrien by 26.5% during the first quarter. Cerity Partners LLC now owns 13,730 shares of the company’s stock worth $682,000 after purchasing an additional 2,876 shares during the period. Kingsview Wealth Management LLC lifted its stake in shares of Nutrien by 7.9% in the first quarter. Kingsview Wealth Management LLC now owns 11,157 shares of the company’s stock worth $554,000 after buying an additional 817 shares during the last quarter. Kestra Private Wealth Services LLC boosted its holdings in shares of Nutrien by 18.3% during the 1st quarter. Kestra Private Wealth Services LLC now owns 9,710 shares of the company’s stock worth $482,000 after buying an additional 1,500 shares during the period. Allianz Asset Management GmbH grew its stake in Nutrien by 789.0% in the 1st quarter. Allianz Asset Management GmbH now owns 659,150 shares of the company’s stock valued at $32,709,000 after buying an additional 585,002 shares during the last quarter. Finally, Financial Sense Advisors Inc. bought a new position in Nutrien in the 1st quarter worth $248,000. Institutional investors and hedge funds own 63.10% of the company’s stock.

Analyst Ratings Changes

NTR has been the subject of a number of recent analyst reports. TD Securities upped their price target on shares of Nutrien from $70.00 to $72.00 and gave the company a “buy” rating in a report on Monday, August 11th. Jefferies Financial Group cut their price objective on Nutrien from $61.00 to $60.00 and set a “hold” rating for the company in a research report on Tuesday, September 9th. Scotiabank lowered their target price on Nutrien from $65.00 to $63.00 and set a “sector perform” rating on the stock in a report on Monday, November 10th. Mizuho cut their price target on Nutrien from $64.00 to $61.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Finally, National Bank Financial began coverage on Nutrien in a research report on Friday, September 5th. They issued a “sector perform” rating for the company. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $62.94.

Nutrien Trading Up 0.6%

Nutrien stock opened at $57.34 on Wednesday. The business has a 50 day moving average price of $57.61 and a two-hundred day moving average price of $58.41. The company has a quick ratio of 0.85, a current ratio of 1.33 and a debt-to-equity ratio of 0.39. Nutrien Ltd. has a 12 month low of $43.69 and a 12 month high of $65.08. The stock has a market cap of $27.72 billion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 0.92 and a beta of 0.83.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.06. The company had revenue of $5.82 billion for the quarter, compared to analyst estimates of $5.59 billion. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.Nutrien’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.39 EPS. As a group, equities analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Wednesday, December 31st. Nutrien’s dividend payout ratio (DPR) is presently 58.76%.

About Nutrien

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.