TD Asset Management Inc Increases Holdings in Nutrien Ltd. $NTR

Key Points

• TD Asset Management Inc increased its holdings in Nutrien Ltd. by 2.4%, owning approximately 6.3 million shares valued at $367.8 million as of its latest SEC filing.
• Nutrien recently announced a quarterly dividend of $0.545 per share, with a related annualized dividend yield of 3.6%.
• Analysts have mixed ratings on Nutrien, with an average price target of $62.39 and positions ranging from "Strong Buy" to "Sell".

TD Asset Management Inc grew its holdings in Nutrien Ltd. (NYSE:NTR - Free Report) by 2.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,325,095 shares of the company's stock after acquiring an additional 145,737 shares during the period. TD Asset Management Inc owned about 1.30% of Nutrien worth $367,837,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Public Sector Pension Investment Board lifted its position in shares of Nutrien by 0.4% in the first quarter. Public Sector Pension Investment Board now owns 47,329 shares of the company's stock valued at $2,349,000 after acquiring an additional 200 shares in the last quarter. Blume Capital Management Inc. boosted its stake in Nutrien by 0.7% during the first quarter. Blume Capital Management Inc. now owns 31,796 shares of the company's stock valued at $1,579,000 after buying an additional 220 shares during the last quarter. Weatherly Asset Management L. P. grew its holdings in Nutrien by 0.7% during the 2nd quarter. Weatherly Asset Management L. P. now owns 38,799 shares of the company's stock valued at $2,280,000 after buying an additional 266 shares in the last quarter. Mesirow Financial Investment Management Inc. grew its holdings in Nutrien by 5.9% during the 1st quarter. Mesirow Financial Investment Management Inc. now owns 5,532 shares of the company's stock valued at $275,000 after buying an additional 309 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in Nutrien by 20.6% during the 2nd quarter. Parallel Advisors LLC now owns 1,824 shares of the company's stock valued at $106,000 after buying an additional 311 shares in the last quarter. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Scotiabank cut their price target on Nutrien from $62.00 to $60.00 and set a "sector perform" rating for the company in a report on Monday, August 11th. Wells Fargo & Company raised their price target on Nutrien from $59.00 to $62.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. Wall Street Zen cut Nutrien from a "strong-buy" rating to a "buy" rating in a report on Friday, September 5th. National Bankshares initiated coverage on Nutrien in a research report on Friday, September 5th. They set a "sector perform" rating and a $64.00 price objective on the stock. Finally, TD Securities upped their price objective on Nutrien from $70.00 to $72.00 and gave the company a "buy" rating in a research report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $62.39.

Nutrien Trading Up 0.3%

Shares of NTR stock opened at $60.00 on Tuesday. Nutrien Ltd. has a 1 year low of $43.69 and a 1 year high of $65.08. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.33 and a quick ratio of 0.85. The stock's 50 day simple moving average is $57.74 and its two-hundred day simple moving average is $57.41. The company has a market cap 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.

Nutrien (NYSE:NTR - Get Free Report) last released 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. The firm had revenue of $10.30 billion for the quarter, compared to analysts' expectations of $10.40 billion. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The company's quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.34 earnings per share. Research analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Monday, September 29th will be paid a dividend of $0.545 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.6%. Nutrien's dividend payout ratio is currently 78.14%.

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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