W.G. Shaheen & Associates DBA Whitney & Co Grows Holdings in Nutrien Ltd (NYSE:NTR)

W.G. Shaheen & Associates DBA Whitney & Co raised its position in Nutrien Ltd (NYSE:NTR) by 0.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 154,988 shares of the company’s stock after purchasing an additional 879 shares during the period. Nutrien comprises about 1.9% of W.G. Shaheen & Associates DBA Whitney & Co’s investment portfolio, making the stock its 16th largest position. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Nutrien were worth $8,286,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Boston Partners increased its position in Nutrien by 39.4% during the 1st quarter. Boston Partners now owns 12,584,872 shares of the company’s stock worth $663,978,000 after purchasing an additional 3,556,556 shares in the last quarter. TD Asset Management Inc. increased its position in Nutrien by 3.9% during the 1st quarter. TD Asset Management Inc. now owns 8,266,777 shares of the company’s stock worth $436,127,000 after purchasing an additional 309,354 shares in the last quarter. CIBC Asset Management Inc increased its position in Nutrien by 4.4% during the 1st quarter. CIBC Asset Management Inc now owns 7,273,792 shares of the company’s stock worth $383,622,000 after purchasing an additional 309,472 shares in the last quarter. Great West Life Assurance Co. Can increased its position in Nutrien by 1.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 5,609,460 shares of the company’s stock worth $294,970,000 after purchasing an additional 53,102 shares in the last quarter. Finally, Toronto Dominion Bank increased its position in Nutrien by 94.6% during the 1st quarter. Toronto Dominion Bank now owns 5,494,159 shares of the company’s stock worth $289,969,000 after purchasing an additional 2,671,293 shares in the last quarter. Institutional investors own 66.63% of the company’s stock.

NYSE:NTR traded down $1.06 during trading hours on Friday, hitting $48.53. The stock had a trading volume of 637,006 shares, compared to its average volume of 1,558,898. Nutrien Ltd has a 1-year low of $43.96 and a 1-year high of $58.99. The business has a 50 day simple moving average of $51.35 and a two-hundred day simple moving average of $52.31. The company has a market cap of $28.09 billion, a PE ratio of 18.04, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Monday, July 29th. The company reported $1.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.59 by ($0.01). The business had revenue of $8.66 billion for the quarter, compared to the consensus estimate of $8.17 billion. During the same period last year, the business earned $1.48 earnings per share. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. As a group, equities research analysts expect that Nutrien Ltd will post 2.85 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Monday, September 30th will be given a $0.45 dividend. This is an increase from Nutrien’s previous quarterly dividend of $0.43. The ex-dividend date is Friday, September 27th. This represents a $1.80 annualized dividend and a yield of 3.71%. Nutrien’s dividend payout ratio (DPR) is 63.94%.

A number of research firms recently issued reports on NTR. Citigroup set a $61.00 target price on shares of Nutrien and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Raymond James reissued a “strong-buy” rating and set a $70.00 target price on shares of Nutrien in a research report on Tuesday, July 30th. Bank of America raised shares of Nutrien from an “underperform” rating to a “neutral” rating in a research report on Friday, August 16th. TD Securities increased their target price on shares of Nutrien from $68.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, BMO Capital Markets set a $60.00 target price on shares of Nutrien and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Six analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $62.00.

Nutrien Profile

Nutrien Ltd. produces and markets crop nutrients to agricultural, industrial, and feed customers worldwide. It operates in four segments: Retail, Potash, Nitrogen, and Phosphate and Sulfate. The company offers potash, nitrogen, phosphate, and sulfate products. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through operating 1,700 retail locations.

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Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

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