Nutrien Ltd. (NYSE:NTR) Stake Cut by Toronto Dominion Bank

Toronto Dominion Bank reduced its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 40.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,498,353 shares of the company's stock after selling 1,722,001 shares during the period. Toronto Dominion Bank owned about 0.51% of Nutrien worth $111,655,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Fairway Wealth LLC acquired a new stake in shares of Nutrien during the 4th quarter worth approximately $27,000. HHM Wealth Advisors LLC grew its stake in Nutrien by 331.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company's stock worth $28,000 after buying an additional 480 shares during the last quarter. Assetmark Inc. increased its position in Nutrien by 1,437.5% in the fourth quarter. Assetmark Inc. now owns 738 shares of the company's stock worth $33,000 after buying an additional 690 shares during the period. Asset Planning Inc bought a new stake in Nutrien in the fourth quarter valued at $35,000. Finally, Exchange Traded Concepts LLC lifted its stake in Nutrien by 96.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company's stock valued at $38,000 after buying an additional 416 shares during the last quarter. Institutional investors own 63.10% of the company's stock.

Nutrien Price Performance

Shares of NYSE NTR traded up $0.97 during trading on Wednesday, hitting $59.65. The company had a trading volume of 3,138,116 shares, compared to its average volume of 2,143,083. Nutrien Ltd. has a 52 week low of $43.70 and a 52 week high of $60.87. The business's 50-day moving average is $52.94 and its 200 day moving average is $50.43. The company has a market cap of $29.12 billion, a P/E ratio of 43.54, a PEG ratio of 1.19 and a beta of 0.79. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27.

Nutrien (NYSE:NTR - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.24). Nutrien had a return on equity of 6.81% and a net margin of 2.62%. The company had revenue of $4.67 billion for the quarter, compared to analyst estimates of $5.16 billion. During the same period last year, the firm earned $0.46 earnings per share. The firm's revenue for the quarter was down 5.4% on a year-over-year basis. Equities research analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 30th will be given a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 3.65%. The ex-dividend date is Monday, June 30th. Nutrien's dividend payout ratio (DPR) is currently 203.74%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. TD Securities increased their price objective on shares of Nutrien from $64.00 to $67.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Piper Sandler lifted their price target on Nutrien from $58.00 to $63.00 and gave the company an "overweight" rating in a report on Monday, January 27th. Berenberg Bank increased their price objective on Nutrien from $54.00 to $59.00 and gave the stock a "buy" rating in a report on Tuesday, April 15th. Bank of America raised their target price on Nutrien from $60.00 to $63.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Finally, CIBC boosted their price target on Nutrien from $64.00 to $66.00 and gave the stock an "outperformer" rating in a research report on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Nutrien currently has an average rating of "Hold" and an average price target of $61.44.

Nutrien Company 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.