TD Asset Management Inc. Grows Position in Nutrien Ltd. (NYSE:NTR)

TD Asset Management Inc. lifted its position in Nutrien Ltd. (NYSE:NTR) by 7.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,615,681 shares of the company’s stock after purchasing an additional 385,616 shares during the period. TD Asset Management Inc. owned about 1.14% of Nutrien worth $251,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in NTR. Modern Wealth Management LLC acquired a new position in shares of Nutrien in the fourth quarter worth about $209,000. Minneapolis Portfolio Management Group LLC purchased a new position in shares of Nutrien in the 4th quarter valued at about $16,421,000. Vanguard Group Inc. increased its stake in shares of Nutrien by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 19,778,500 shares of the company’s stock valued at $885,009,000 after purchasing an additional 325,210 shares in the last quarter. LPL Financial LLC raised its holdings in Nutrien by 8.0% in the 4th quarter. LPL Financial LLC now owns 104,732 shares of the company’s stock worth $4,687,000 after purchasing an additional 7,780 shares during the period. Finally, Guardian Partners Inc. purchased a new position in Nutrien during the fourth quarter worth approximately $14,606,000. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Nutrien Stock Up 0.2 %

Shares of NTR opened at $52.58 on Tuesday. Nutrien Ltd. has a 52-week low of $43.70 and a 52-week high of $60.87. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The stock has a fifty day simple moving average of $51.70 and a two-hundred day simple moving average of $48.89. The company has a market capitalization of $25.72 billion, a PE ratio of 38.38, a price-to-earnings-growth ratio of 1.19 and a beta of 0.81.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.09). The firm had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.09 billion. Nutrien had a return on equity of 6.81% and a net margin of 2.62%. As a group, equities analysts forecast that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be issued a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date is Monday, March 31st. Nutrien’s dividend payout ratio is presently 159.12%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wells Fargo & Company boosted their price objective on Nutrien from $53.00 to $56.00 and gave the company an “equal weight” rating in a research report on Friday, February 21st. Raymond James raised shares of Nutrien from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $58.00 to $60.00 in a report on Tuesday, December 3rd. CIBC increased their price objective on shares of Nutrien from $64.00 to $66.00 and gave the company an “outperformer” rating in a report on Tuesday, February 25th. Scotiabank boosted their target price on shares of Nutrien from $60.00 to $62.00 and gave the stock a “sector outperform” rating in a research note on Monday, February 24th. Finally, Barclays raised their price target on shares of Nutrien from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $60.13.

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.