TD Waterhouse Canada Inc. trimmed its holdings in Nutrien Ltd. (NYSE:NTR - Free Report) by 13.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,763,586 shares of the company's stock after selling 276,059 shares during the period. TD Waterhouse Canada Inc. owned approximately 0.36% of Nutrien worth $78,656,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Uncommon Cents Investing LLC lifted its stake in shares of Nutrien by 2.1% in the 4th quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company's stock valued at $517,000 after purchasing an additional 235 shares during the period. Rhumbline Advisers lifted its position in Nutrien by 3.5% during the fourth quarter. Rhumbline Advisers now owns 7,398 shares of the company's stock valued at $331,000 after buying an additional 247 shares during the period. FFT Wealth Management LLC grew its position in shares of Nutrien by 0.9% in the 4th quarter. FFT Wealth Management LLC now owns 29,732 shares of the company's stock worth $1,330,000 after buying an additional 277 shares during the period. EverSource Wealth Advisors LLC lifted its position in Nutrien by 23.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,804 shares of the company's stock valued at $81,000 after acquiring an additional 348 shares during the period. Finally, PFG Investments LLC boosted its stake in Nutrien by 2.0% during the fourth quarter. PFG Investments LLC now owns 20,097 shares of the company's stock worth $899,000 after acquiring an additional 386 shares in the last quarter. Institutional investors own 63.10% of the company's stock.
Nutrien Stock Performance
Shares of NYSE NTR traded up $0.34 during midday trading on Friday, hitting $54.02. 1,708,989 shares of the company's stock traded hands, compared to its average volume of 2,094,756. The firm has a fifty day moving average of $51.12 and a 200 day moving average of $49.40. Nutrien Ltd. has a 1 year low of $43.70 and a 1 year high of $60.87. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. The stock has a market capitalization of $26.40 billion, a price-to-earnings ratio of 39.43, a price-to-earnings-growth ratio of 1.19 and a beta of 0.77.
Nutrien (NYSE:NTR - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.09). The business had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $5.09 billion. Nutrien had a return on equity of 6.81% and a net margin of 2.62%. On average, analysts forecast that Nutrien Ltd. will post 3.72 earnings per share for the current year.
Nutrien Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Monday, March 31st were issued a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 4.04%. The ex-dividend date was Monday, March 31st. Nutrien's dividend payout ratio is presently 159.12%.
Analysts Set New Price Targets
A number of brokerages have recently commented on NTR. 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. BNP Paribas upgraded Nutrien to a "strong-buy" rating in a report on Wednesday, April 9th. Oppenheimer lowered their price target on Nutrien from $60.00 to $58.00 and set an "outperform" rating for the company in a research report on Tuesday. Mizuho increased their price objective on shares of Nutrien from $52.00 to $55.00 and gave the company a "neutral" rating in a research report on Thursday, February 20th. Finally, Scotiabank raised their price objective on shares of Nutrien from $60.00 to $62.00 and gave the company a "sector outperform" rating in a research note on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $59.27.
View Our Latest Research Report on NTR
About Nutrien
(
Free Report)
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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