171,072 Shares in Nutrien Ltd. $NTR Acquired by Tocqueville Asset Management L.P.

Key Points

• Tocqueville Asset Management acquired 171,072 Nutrien shares worth approximately $10.8 million, while institutional investors collectively own 63.1% of the company.
• Analyst sentiment is generally positive, with 17 Buy ratings, three Holds and one Sell; Nutrien has a consensus “Moderate Buy” rating and an average price target of $81.58.
• Nutrien reported quarterly revenue of $10.81 billion, up 3.6% year over year, though earnings of $2.61 per share fell short of estimates. The company declared a quarterly dividend of $0.55 per share, yielding about 3.1% annually.

Tocqueville Asset Management L.P. purchased a new position in shares of Nutrien Ltd. (NYSE:NTR - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 171,072 shares of the company's stock, valued at approximately $10,769,000.

A number of other large investors also recently modified their holdings of NTR. Montag A & Associates Inc. lifted its position in shares of Nutrien by 310.7% during the 4th quarter. Montag A & Associates Inc. now owns 423 shares of the company's stock worth $26,000 after purchasing an additional 320 shares during the last quarter. Evolution Wealth Management Inc. purchased a new position in Nutrien in the first quarter valued at $32,000. Global Retirement Partners LLC purchased a new position in Nutrien in the second quarter valued at $30,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Nutrien by 1,014.0% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 479 shares of the company's stock valued at $30,000 after buying an additional 436 shares during the last quarter. Finally, Allied Private Wealth LLC acquired a new stake in Nutrien in the second quarter valued at $33,000. 63.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NTR has been the subject of a number of recent analyst reports. Weiss Ratings raised Nutrien from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, August 6th. Morgan Stanley dropped their price objective on Nutrien from $93.00 to $81.00 and set an "overweight" rating on the stock in a report on Tuesday, July 7th. National Bank Financial cut their target price on Nutrien from $76.00 to $74.00 and set an "outperform" rating on the stock in a research report on Monday, August 10th. Raymond James Financial upgraded Nutrien from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $74.00 to $90.00 in a research note on Tuesday, May 5th. Finally, Oppenheimer lowered their price target on Nutrien from $82.00 to $80.00 and set an "outperform" rating for the company in a report on Thursday, July 23rd. Seventeen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $81.58.

Nutrien Trading Up 1.5%

NYSE:NTR opened at $70.44 on Thursday. The stock's 50 day moving average price is $66.11 and its 200 day moving average price is $70.35. The company has a market capitalization of $33.69 billion, a PE ratio of 14.26, a P/E/G ratio of 0.69 and a beta of 0.61. The company has a quick ratio of 0.86, a current ratio of 1.39 and a debt-to-equity ratio of 0.36. Nutrien Ltd. has a 52-week low of $53.03 and a 52-week high of $85.36.

Nutrien (NYSE:NTR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.61 earnings per share for the quarter, missing analysts' consensus estimates of $2.70 by ($0.09). The firm had revenue of $10.81 billion during the quarter, compared to analysts' expectations of $10.44 billion. Nutrien had a net margin of 8.44% and a return on equity of 8.88%. Nutrien's quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.65 EPS. On average, research analysts anticipate that Nutrien Ltd. will post 5.01 EPS for the current year.

Nutrien Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Tuesday, September 29th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, September 29th. Nutrien's payout ratio is presently 44.53%.

About Nutrien

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.

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