Nutrien Ltd. (NYSE:NTR) Shares Purchased by TD Private Client Wealth LLC

TD Private Client Wealth LLC increased its stake in shares of Nutrien Ltd. (NYSE:NTR) by 4.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,610 shares of the company’s stock after purchasing an additional 1,717 shares during the quarter. TD Private Client Wealth LLC’s holdings in Nutrien were worth $2,098,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Bank of Montreal Can lifted its holdings in shares of Nutrien by 15.5% during the second quarter. Bank of Montreal Can now owns 13,354,385 shares of the company’s stock worth $719,668,000 after purchasing an additional 1,794,333 shares during the period. Silchester International Investors LLP lifted its holdings in shares of Nutrien by 164.4% during the third quarter. Silchester International Investors LLP now owns 10,683,242 shares of the company’s stock worth $513,437,000 after purchasing an additional 6,642,075 shares during the period. 1832 Asset Management L.P. lifted its holdings in shares of Nutrien by 1.9% during the second quarter. 1832 Asset Management L.P. now owns 9,006,528 shares of the company’s stock worth $458,522,000 after purchasing an additional 167,312 shares during the period. Altshuler Shaham Ltd lifted its holdings in shares of Nutrien by 8.1% during the second quarter. Altshuler Shaham Ltd now owns 5,990,374 shares of the company’s stock worth $304,970,000 after purchasing an additional 446,340 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Nutrien by 8.4% during the second quarter. Dimensional Fund Advisors LP now owns 5,145,375 shares of the company’s stock worth $261,985,000 after purchasing an additional 399,348 shares during the period. 63.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NTR has been the subject of several recent research reports. TD Securities decreased their price target on Nutrien from $63.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. The Goldman Sachs Group downgraded Nutrien from a “buy” rating to a “neutral” rating and reduced their target price for the company from $69.00 to $53.00 in a report on Tuesday, September 10th. Barclays reduced their target price on Nutrien from $68.00 to $55.00 and set an “overweight” rating for the company in a report on Friday, August 16th. Wells Fargo & Company downgraded Nutrien from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $62.00 to $50.00 in a report on Tuesday, September 24th. Finally, CIBC reissued an “outperformer” rating and issued a $55.00 target price (down previously from $60.00) on shares of Nutrien in a report on Tuesday. Three analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $58.95.

Nutrien Trading Up 0.1 %

Nutrien stock opened at $47.93 on Friday. The stock has a market cap of $23.60 billion, a PE ratio of 32.17, a P/E/G ratio of 1.72 and a beta of 0.80. The stock has a 50-day moving average price of $47.92 and a 200 day moving average price of $49.17. Nutrien Ltd. has a 52 week low of $44.65 and a 52 week high of $60.87. The company has a current ratio of 1.27, a quick ratio of 0.82 and a debt-to-equity ratio of 0.38.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). The company had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.26 billion. Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The company’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.35 EPS. Equities research analysts predict that Nutrien Ltd. will post 3.49 earnings per share for the current fiscal year.

Nutrien Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be given a dividend of $0.939 per share. This represents a $3.76 dividend on an annualized basis and a yield of 7.84%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Nutrien’s previous quarterly dividend of $0.54. Nutrien’s dividend payout ratio (DPR) is currently 144.97%.

Nutrien 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.