Nutrien Ltd. $NTR Position Increased by Tocqueville Asset Management L.P.

Key Points

• Tocqueville Asset Management L.P. increased its stake in Nutrien Ltd. by 16.6%, owning a total of 613,645 shares valued at approximately $30.48 million after acquiring an additional 87,402 shares.
• The company recently reported an earnings per share (EPS) of $2.65, surpassing analysts' estimates of $2.41, and achieved a net margin of 5.25% on revenue of $10.30 billion for the quarter.
• Nutrien announced a quarterly dividend of $0.545 per share, providing an annual dividend yield of 3.8%, with the payout ratio currently at 78.14%.

Tocqueville Asset Management L.P. grew its holdings in Nutrien Ltd. (NYSE:NTR - Free Report) by 16.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 613,645 shares of the company's stock after purchasing an additional 87,402 shares during the period. Tocqueville Asset Management L.P. owned approximately 0.13% of Nutrien worth $30,480,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Harbour Investments Inc. raised 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 purchasing an additional 348 shares during the last quarter. Allworth Financial LP raised its holdings in Nutrien by 117.1% during the first quarter. Allworth Financial LP now owns 938 shares of the company's stock worth $50,000 after purchasing an additional 506 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in Nutrien by 1,074.7% during the first 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 last quarter. GAMMA Investing LLC raised its holdings in shares of Nutrien by 4,866.7% in the first quarter. GAMMA Investing LLC now owns 1,043 shares of the company's stock worth $52,000 after acquiring an additional 1,022 shares during the last quarter. Finally, HM Payson & Co. acquired a new position in shares of Nutrien in the first quarter worth $65,000. Institutional investors and hedge funds own 63.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on NTR. Oppenheimer upped their target price on Nutrien from $63.00 to $65.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. TD Securities boosted their price target on Nutrien from $70.00 to $72.00 and gave the company a "buy" rating in a research report on Monday, August 11th. Royal Bank Of Canada reissued an "outperform" rating on shares of Nutrien in a research report on Monday, July 14th. The Goldman Sachs Group boosted their price target on Nutrien from $53.00 to $59.00 and gave the company a "sell" rating in a research report on Friday, May 9th. Finally, Raymond James Financial downgraded Nutrien from an "outperform" rating to a "market perform" rating and set a $68.00 price target for the company. in a research report on Tuesday, June 17th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $62.65.

Nutrien Stock Down 0.1%

Shares of NYSE:NTR traded down $0.07 during trading on Thursday, hitting $56.97. The company's stock had a trading volume of 1,064,304 shares, compared to its average volume of 2,256,351. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.85 and a current ratio of 1.33. Nutrien Ltd. has a fifty-two week low of $43.69 and a fifty-two week high of $65.08. The stock's 50-day moving average price is $59.37 and its two-hundred day moving average price is $55.59. The company has a market capitalization of $27.69 billion, a PE ratio of 20.38, a PEG ratio of 0.97 and a beta of 0.81.

Nutrien (NYSE:NTR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $2.65 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $10.30 billion for the quarter, compared to analysts' expectations of $10.40 billion. During the same quarter in the prior year, the firm posted $2.34 earnings per share. Nutrien's revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, sell-side analysts expect that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Monday, September 29th will be paid a dividend of $0.545 per share. The ex-dividend date is Monday, September 29th. This represents a $2.18 annualized dividend and a yield of 3.8%. Nutrien's dividend payout ratio is presently 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.