TD Waterhouse Canada Inc. Has $351.15 Million Holdings in Nutrien Ltd. $NTR

TD Waterhouse Canada Inc. increased its holdings in Nutrien Ltd. (NYSE:NTR) by 2.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,518,435 shares of the company’s stock after purchasing an additional 113,040 shares during the quarter. Nutrien makes up 0.9% of TD Waterhouse Canada Inc.’s investment portfolio, making the stock its 27th biggest holding. TD Waterhouse Canada Inc. owned approximately 1.15% of Nutrien worth $351,150,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of NTR. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Nutrien by 1,014.0% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 479 shares of the company’s stock valued at $30,000 after buying an additional 436 shares during the last quarter. Global Retirement Partners LLC bought a new position in shares of Nutrien during the second quarter worth about $30,000. Evolution Wealth Management Inc. bought a new position in shares of Nutrien during the first quarter worth about $32,000. Allied Private Wealth LLC acquired a new position in shares of Nutrien in the second quarter worth approximately $33,000. Finally, Sfam LLC acquired a new position in shares of Nutrien in the fourth quarter worth approximately $37,000. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Nutrien Stock Up 0.5%

NTR stock opened at $80.67 on Friday. The stock’s 50 day simple moving average is $68.71 and its 200 day simple moving average is $70.77. The company has a market cap of $38.50 billion, a P/E ratio of 16.33, a price-to-earnings-growth ratio of 0.85 and a beta of 0.62. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.86 and a current ratio of 1.39. Nutrien Ltd. has a fifty-two week low of $53.03 and a fifty-two week high of $85.36.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, August 5th. The company reported $2.61 EPS for the quarter, missing the consensus estimate of $2.70 by ($0.09). The business had revenue of $10.81 billion for the quarter, compared to the consensus estimate of $10.44 billion. Nutrien had a return on equity of 8.88% and a net margin of 8.44%.The company’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.65 earnings per share. On average, research analysts expect that Nutrien Ltd. will post 4.71 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Tuesday, September 29th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, September 29th. Nutrien’s dividend payout ratio is presently 44.53%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. UBS Group decreased their target price 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. Berenberg Bank set a $65.00 price target on shares of Nutrien and gave the stock a “hold” rating in a research report on Wednesday, June 10th. National Bank Financial reduced their price objective on shares of Nutrien from $76.00 to $74.00 and set an “outperform” rating on the stock in a research note on Monday, August 10th. Oppenheimer reduced their price objective on shares of Nutrien from $82.00 to $80.00 and set an “outperform” rating on the stock in a research note on Thursday, July 23rd. Finally, Scotia upgraded shares of Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 price objective for the company in a research report on Tuesday, June 30th. Seventeen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $81.58.

Nutrien Profile

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.