Nutrien Ltd. $NTR Shares Purchased by TD Private Client Wealth LLC

Key Points

• TD Private Client Wealth LLC increased its holdings in Nutrien Ltd. by 9.6% during Q2, now owning 55,486 shares valued at approximately $3.23 million.
• Nutrien reported a quarterly EPS of $2.65, exceeding analysts' expectations of $2.41, with a revenue of $10.30 billion for the quarter.
• The company recently announced a quarterly dividend of $0.545 per share, set to be paid on October 17, with a current annual yield of 3.7%.

TD Private Client Wealth LLC grew its holdings in Nutrien Ltd. (NYSE:NTR - Free Report) by 9.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,486 shares of the company's stock after acquiring an additional 4,872 shares during the period. TD Private Client Wealth LLC's holdings in Nutrien were worth $3,227,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in NTR. Public Sector Pension Investment Board grew its position in Nutrien by 0.4% during the 1st quarter. Public Sector Pension Investment Board now owns 47,329 shares of the company's stock worth $2,349,000 after purchasing an additional 200 shares during the period. Blume Capital Management Inc. boosted its stake in shares of Nutrien by 0.7% in the first quarter. Blume Capital Management Inc. now owns 31,796 shares of the company's stock worth $1,579,000 after buying an additional 220 shares during the last quarter. Weatherly Asset Management L. P. boosted its stake in shares of Nutrien by 0.7% in the second quarter. Weatherly Asset Management L. P. now owns 38,799 shares of the company's stock worth $2,280,000 after buying an additional 266 shares during the last quarter. Tidal Investments LLC grew its holdings in Nutrien by 2.9% during the fourth quarter. Tidal Investments LLC now owns 10,262 shares of the company's stock worth $459,000 after acquiring an additional 293 shares during the period. Finally, Mesirow Financial Investment Management Inc. raised its position in Nutrien by 5.9% during the first quarter. Mesirow Financial Investment Management Inc. now owns 5,532 shares of the company's stock valued at $275,000 after acquiring an additional 309 shares in the last quarter. Hedge funds and other institutional investors own 63.10% of the company's stock.

Nutrien Stock Up 4.8%

NTR opened at $59.05 on Thursday. Nutrien Ltd. has a twelve month low of $43.69 and a twelve month 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 company has a 50-day moving average price of $57.81 and a 200 day moving average price of $56.60. The company has a market cap of $28.65 billion, a PE ratio of 21.17, a price-to-earnings-growth ratio of 0.92 and a beta of 0.77.

Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.24. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The company had revenue of $10.30 billion for the quarter, compared to analysts' expectations of $10.40 billion. During the same period in the previous year, the firm posted $2.34 EPS. Nutrien's revenue was up 2.8% compared to the same quarter last year. Sell-side analysts expect that Nutrien Ltd. will post 3.72 earnings per share 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 paid a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Monday, September 29th. Nutrien's dividend payout ratio is currently 78.14%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on NTR shares. Morgan Stanley upped their price objective on Nutrien from $60.00 to $65.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 26th. Barclays increased their price target on shares of Nutrien from $61.00 to $64.00 and gave the stock an "equal weight" rating in a report on Monday, July 7th. Wells Fargo & Company lifted their price objective on shares of Nutrien from $59.00 to $62.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. Scotiabank decreased their price objective on shares of Nutrien from $62.00 to $60.00 and set a "sector perform" rating for the company in a research report on Monday, August 11th. Finally, National Bank Financial began coverage on Nutrien in a research report on Friday, September 5th. They set a "sector perform" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $62.39.

Nutrien 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.

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