Townsend & Associates Inc Has $35.60 Million Stake in Nutrien Ltd. (NYSE:NTR)

Townsend & Associates Inc boosted its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 16.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 677,250 shares of the company's stock after purchasing an additional 94,773 shares during the period. Nutrien comprises 3.7% of Townsend & Associates Inc's portfolio, making the stock its 9th largest holding. Townsend & Associates Inc owned about 0.14% of Nutrien worth $35,596,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Nutrien by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 19,778,500 shares of the company's stock valued at $885,009,000 after buying an additional 325,210 shares during the last quarter. Dodge & Cox grew its holdings in Nutrien by 0.3% during the fourth quarter. Dodge & Cox now owns 12,523,259 shares of the company's stock valued at $560,416,000 after purchasing an additional 40,800 shares during the period. First Eagle Investment Management LLC increased its position in Nutrien by 0.8% in the fourth quarter. First Eagle Investment Management LLC now owns 9,529,311 shares of the company's stock worth $426,436,000 after buying an additional 77,174 shares in the last quarter. Deutsche Bank AG raised its stake in shares of Nutrien by 11.3% in the fourth quarter. Deutsche Bank AG now owns 7,105,057 shares of the company's stock worth $317,951,000 after buying an additional 721,935 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Nutrien by 1.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 5,627,597 shares of the company's stock valued at $252,108,000 after buying an additional 76,085 shares in the last quarter. Hedge funds and other institutional investors own 63.10% of the company's stock.

Nutrien Stock Up 0.0%

Shares of NTR opened at $58.07 on Monday. The business's 50 day simple moving average is $58.33 and its 200-day simple moving average is $52.91. Nutrien Ltd. has a 1 year low of $43.70 and a 1 year high of $65.08. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.22 and a quick ratio of 0.59. The stock has a market capitalization of $28.28 billion, a price-to-earnings ratio of 54.27, a price-to-earnings-growth ratio of 1.10 and a beta of 0.81.

Nutrien (NYSE:NTR - Get Free Report) last released its quarterly 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 net margin of 2.05% and a return on equity of 6.08%. The business had revenue of $4.67 billion for the quarter, compared to analysts' expectations of $5.16 billion. During the same period in the previous year, the company earned $0.46 EPS. Nutrien's revenue for the quarter was down 5.4% compared to the same quarter last year. As a group, equities analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 30th will be given a $0.545 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.18 annualized dividend and a yield of 3.75%. Nutrien's dividend payout ratio is currently 203.74%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Oppenheimer raised their target price on shares of Nutrien from $58.00 to $63.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. The Goldman Sachs Group raised their price objective on shares of Nutrien from $53.00 to $59.00 and gave the company a "sell" rating in a research report on Friday, May 9th. Morgan Stanley lifted their target price on shares of Nutrien from $60.00 to $65.00 and gave the company an "equal weight" rating in a research note on Thursday. TD Securities increased their price target on Nutrien from $64.00 to $67.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Finally, Barclays upped their price objective on Nutrien from $59.00 to $61.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 14th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Nutrien currently has a consensus rating of "Hold" and a consensus target price of $62.12.

About Nutrien

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.