TD Asset Management Inc Has $551.82 Million Position in Nutrien Ltd. $NTR

TD Asset Management Inc grew its stake in shares of Nutrien Ltd. (NYSE:NTR) by 21.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 8,928,534 shares of the company’s stock after buying an additional 1,559,673 shares during the period. TD Asset Management Inc’s holdings in Nutrien were worth $551,821,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Nutrien by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 22,463,277 shares of the company’s stock valued at $1,386,546,000 after buying an additional 479,834 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Nutrien by 19.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 14,221,381 shares of the company’s stock valued at $834,962,000 after buying an additional 2,276,651 shares during the last quarter. First Eagle Investment Management LLC raised its position in shares of Nutrien by 0.5% during the fourth quarter. First Eagle Investment Management LLC now owns 13,307,283 shares of the company’s stock valued at $821,326,000 after buying an additional 70,068 shares during the last quarter. Norges Bank acquired a new position in shares of Nutrien during the fourth quarter valued at about $412,635,000. Finally, Capital International Investors raised its position in shares of Nutrien by 1.7% during the third quarter. Capital International Investors now owns 5,539,645 shares of the company’s stock valued at $325,325,000 after buying an additional 95,274 shares during the last quarter. Institutional investors and hedge funds own 63.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NTR. Weiss Ratings raised shares of Nutrien from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Wall Street Zen lowered shares of Nutrien from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Scotiabank upped their price objective on shares of Nutrien from $75.00 to $80.00 and gave the company a “sector perform” rating in a research report on Monday, May 11th. Oppenheimer upped their price objective on shares of Nutrien from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Tuesday, May 12th. Finally, UBS Group cut their price objective on shares of Nutrien from $67.00 to $65.00 and set a “sell” rating for the company in a research report on Monday, May 11th. Eleven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.75.

Nutrien Stock Performance

NYSE:NTR opened at $68.97 on Thursday. Nutrien Ltd. has a 12-month low of $53.03 and a 12-month high of $85.36. The company has a quick ratio of 0.59, a current ratio of 1.24 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $33.11 billion, a PE ratio of 14.05, a price-to-earnings-growth ratio of 0.63 and a beta of 0.60. The firm has a 50-day moving average price of $72.56 and a 200 day moving average price of $68.76.

Nutrien (NYSE:NTR) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03. The firm had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.30 billion. Nutrien had a net margin of 8.58% and a return on equity of 8.84%. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.11 earnings per share. Research analysts anticipate that Nutrien Ltd. will post 5.45 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.20 annualized dividend and a dividend yield of 3.2%. Nutrien’s dividend payout ratio (DPR) is presently 44.81%.

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.