TD Asset Management Inc. Cuts Position in Nutrien Ltd. (NYSE:NTR)

TD Asset Management Inc. lowered its position in Nutrien Ltd. (NYSE:NTRGet Rating) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,531,590 shares of the company’s stock after selling 192,484 shares during the quarter. Nutrien makes up about 0.7% of TD Asset Management Inc.’s holdings, making the stock its 27th biggest holding. TD Asset Management Inc. owned about 1.91% of Nutrien worth $792,721,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of NTR. Retirement Planning Co of New England Inc. purchased a new position in shares of Nutrien in the 4th quarter valued at about $28,000. Dixon Hughes Goodman Wealth Advisors LLC purchased a new position in shares of Nutrien in the 4th quarter valued at about $31,000. Kings Point Capital Management purchased a new position in shares of Nutrien in the 3rd quarter valued at about $32,000. Lindbrook Capital LLC increased its holdings in shares of Nutrien by 35.6% in the 4th quarter. Lindbrook Capital LLC now owns 1,054 shares of the company’s stock valued at $79,000 after acquiring an additional 277 shares during the last quarter. Finally, HHM Wealth Advisors LLC increased its holdings in shares of Nutrien by 451.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 1,102 shares of the company’s stock valued at $83,000 after acquiring an additional 902 shares during the last quarter. Institutional investors own 64.39% of the company’s stock.

Shares of NTR stock traded up $1.42 during midday trading on Tuesday, hitting $94.29. The company had a trading volume of 3,294,170 shares, compared to its average volume of 4,006,395. The company’s 50 day simple moving average is $102.76 and its 200 day simple moving average is $82.63. Nutrien Ltd. has a 52-week low of $57.08 and a 52-week high of $117.25. The stock has a market cap of $52.10 billion, a price-to-earnings ratio of 12.10, a PEG ratio of 0.83 and a beta of 0.87. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.14 and a quick ratio of 0.60.

Nutrien (NYSE:NTRGet Rating) last posted its quarterly earnings results on Monday, May 2nd. The company reported $2.70 EPS for the quarter, beating the consensus estimate of $2.59 by $0.11. The business had revenue of $7.66 billion during the quarter, compared to analysts’ expectations of $7.77 billion. Nutrien had a return on equity of 20.55% and a net margin of 14.34%. Analysts anticipate that Nutrien Ltd. will post 16.07 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 14th. Stockholders of record on Thursday, March 31st were issued a $0.48 dividend. This is a boost from Nutrien’s previous quarterly dividend of $0.46. This represents a $1.92 annualized dividend and a dividend yield of 2.04%. The ex-dividend date was Wednesday, March 30th. Nutrien’s dividend payout ratio (DPR) is currently 24.65%.

NTR has been the topic of a number of recent analyst reports. Mizuho increased their price objective on Nutrien from $94.00 to $124.00 in a report on Friday, April 29th. The Goldman Sachs Group increased their price objective on Nutrien from $85.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, March 16th. UBS Group set a $94.00 price objective on Nutrien in a report on Monday, February 28th. Barclays raised their price target on Nutrien from $84.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, February 18th. Finally, Scotiabank downgraded Nutrien from a “sector outperform” rating to a “sector perform” rating in a research note on Monday, March 28th. Five analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $102.20.

About Nutrien (Get Rating)

Nutrien Ltd. provides crop inputs and services. It offers potash, nitrogen, phosphate, and sulfate products; and financial solutions. The company also distributes crop nutrients, crop protection products, seeds, and merchandise products through approximately 2,000 retail locations in the United States, Canada, South America, and Australia.

Further Reading

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Institutional Ownership by Quarter for Nutrien (NYSE:NTR)

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