TD Waterhouse Canada Inc. Acquires 578,470 Shares of Nutrien Ltd. $NTR

TD Waterhouse Canada Inc. increased its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 10.5% in the third quarter, Holdings Channel reports. The firm owned 6,096,905 shares of the company’s stock after acquiring an additional 578,470 shares during the period. Nutrien makes up 1.1% of TD Waterhouse Canada Inc.’s portfolio, making the stock its 23rd biggest position. TD Waterhouse Canada Inc.’s holdings in Nutrien were worth $424,331,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP purchased a new position in Nutrien in the second quarter valued at about $654,081,000. Deutsche Bank AG acquired a new position in shares of Nutrien during the second quarter worth about $588,720,000. Dimensional Fund Advisors LP lifted its stake in shares of Nutrien by 4.3% during the first quarter. Dimensional Fund Advisors LP now owns 5,872,194 shares of the company’s stock worth $443,151,000 after purchasing an additional 239,946 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of Nutrien in the second quarter worth about $375,178,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Nutrien in the second quarter worth about $359,318,000. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Nutrien Stock Up 2.4%

NTR traded up $1.67 during trading hours on Friday, reaching $71.25. 2,682,514 shares of the stock traded hands, compared to its average volume of 2,578,794. Nutrien Ltd. has a fifty-two week low of $53.03 and a fifty-two week high of $85.36. The company has a market cap of $33.92 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 0.75 and a beta of 0.68. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.39 and a quick ratio of 0.86. The firm’s fifty day simple moving average is $73.28 and its two-hundred day simple moving average is $70.53.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.61 EPS for the quarter, missing analysts’ consensus estimates of $2.70 by ($0.09). The firm had revenue of $10.81 billion during the quarter, compared to analyst estimates of $10.44 billion. Nutrien had a return on equity of 8.88% and a net margin of 8.44%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.65 EPS. As a group, analysts forecast that Nutrien Ltd. will post 4.63 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Tuesday, September 29th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Tuesday, September 29th. Nutrien’s payout ratio is presently 44.53%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Scotia upgraded Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 target price for the company in a research note on Tuesday, June 30th. KeyCorp started coverage on Nutrien in a report on Thursday, September 10th. They set a “sector weight” rating and a $73.00 target price on the stock. BNP Paribas Exane raised Nutrien from a “neutral” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Tuesday, July 28th. Morgan Stanley reduced their price target on Nutrien from $93.00 to $81.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 7th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Nutrien in a report on Monday, August 10th. Sixteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $79.90.

Nutrien Company Profile

Nutrien Ltd. is a Canada-based provider of crop inputs, services and solutions for agricultural producers. The company produces and distributes potash, nitrogen and phosphate products, which are used to support crop nutrition and agricultural productivity. Its product portfolio also includes crop protection products, seed, farm supplies and other agronomic inputs.

Nutrien serves farmers through a broad retail network operating primarily across North and South America, Australia and other international markets.