Nutrien Ltd. $NTR Shares Acquired by TD Asset Management Inc

TD Asset Management Inc increased its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 16.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,368,861 shares of the company’s stock after purchasing an additional 1,043,766 shares during the period. TD Asset Management Inc owned 1.52% of Nutrien worth $432,838,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Bleakley Financial Group LLC boosted its position in shares of Nutrien by 38.0% in the third quarter. Bleakley Financial Group LLC now owns 49,328 shares of the company’s stock worth $2,896,000 after buying an additional 13,586 shares during the period. Semanteon Capital Management LP acquired a new position in Nutrien during the 3rd quarter worth approximately $566,000. Lansforsakringar Fondforvaltning AB publ boosted its holdings in Nutrien by 0.6% in the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 104,852 shares of the company’s stock worth $6,159,000 after acquiring an additional 647 shares during the period. Princeton Capital Management LLC acquired a new stake in Nutrien in the third quarter valued at approximately $312,000. Finally, Hillsdale Investment Management Inc. grew its position in Nutrien by 219,825.0% in the third quarter. Hillsdale Investment Management Inc. now owns 131,955 shares of the company’s stock valued at $7,747,000 after acquiring an additional 131,895 shares in the last quarter. 63.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on NTR. BMO Capital Markets boosted their target price on shares of Nutrien from $75.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Morgan Stanley upgraded shares of Nutrien from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $70.00 to $77.00 in a report on Wednesday, January 14th. TD Securities raised their target price on Nutrien from $80.00 to $81.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Oppenheimer reaffirmed an “outperform” rating on shares of Nutrien in a research report on Tuesday, January 27th. Finally, Raymond James Financial increased their price target on Nutrien from $68.00 to $74.00 and gave the company a “market perform” rating in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Nutrien currently has an average rating of “Hold” and a consensus target price of $71.47.

Nutrien Stock Performance

NTR stock opened at $72.68 on Wednesday. The stock’s 50 day simple moving average is $66.64 and its 200 day simple moving average is $60.92. Nutrien Ltd. has a 12-month low of $45.78 and a 12-month high of $73.55. The firm has a market cap of $34.99 billion, a P/E ratio of 15.60 and a beta of 0.73. The company has a current ratio of 1.34, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, February 18th. The company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.04). Nutrien had a return on equity of 8.41% and a net margin of 8.43%.The business had revenue of $5.12 billion for the quarter, compared to analyst estimates of $5.26 billion. During the same period last year, the company posted $0.31 earnings per share. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities research analysts predict that Nutrien Ltd. will post 3.72 EPS for the current year.

Nutrien Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 16th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 3.0%. This is a boost from Nutrien’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Tuesday, March 31st. Nutrien’s dividend payout ratio is currently 46.78%.

About Nutrien

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.