TD Waterhouse Canada Inc. Has $78.66 Million Stake in Nutrien Ltd. (NYSE:NTR)

TD Waterhouse Canada Inc. lessened its stake in shares of Nutrien Ltd. (NYSE:NTR - Free Report) by 13.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,763,586 shares of the company's stock after selling 276,059 shares during the period. TD Waterhouse Canada Inc. owned 0.36% of Nutrien worth $78,656,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Uncommon Cents Investing LLC increased its position in shares of Nutrien by 2.1% in the fourth quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company's stock worth $517,000 after purchasing an additional 235 shares during the period. Rhumbline Advisers lifted its holdings in shares of Nutrien by 3.5% during the 4th quarter. Rhumbline Advisers now owns 7,398 shares of the company's stock worth $331,000 after acquiring an additional 247 shares during the period. FFT Wealth Management LLC boosted its position in shares of Nutrien by 0.9% during the 4th quarter. FFT Wealth Management LLC now owns 29,732 shares of the company's stock worth $1,330,000 after acquiring an additional 277 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Nutrien by 23.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,804 shares of the company's stock worth $81,000 after acquiring an additional 348 shares in the last quarter. Finally, PFG Investments LLC increased its stake in Nutrien by 2.0% in the fourth quarter. PFG Investments LLC now owns 20,097 shares of the company's stock valued at $899,000 after acquiring an additional 386 shares during the last quarter. 63.10% of the stock is owned by institutional investors and hedge funds.

Nutrien Trading Up 0.6 %

NYSE:NTR traded up $0.34 during trading hours on Friday, hitting $54.02. 1,708,989 shares of the company were exchanged, compared to its average volume of 2,092,531. The company has a fifty day simple moving average of $51.07 and a 200 day simple moving average of $49.36. Nutrien Ltd. has a one year low of $43.70 and a one year high of $60.87. The stock has a market capitalization of $26.40 billion, a price-to-earnings ratio of 39.43, a price-to-earnings-growth ratio of 1.19 and a beta of 0.77. 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 - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.09). The company had revenue of $5.08 billion during the quarter, compared to analyst estimates of $5.09 billion. Nutrien had a return on equity of 6.81% and a net margin of 2.62%. Sell-side analysts expect that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Monday, March 31st were given a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 4.04%. The ex-dividend date was Monday, March 31st. Nutrien's dividend payout ratio (DPR) is presently 159.12%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on NTR shares. Oppenheimer reduced their target price on Nutrien from $60.00 to $58.00 and set an "outperform" rating on the stock in a report on Tuesday. Wells Fargo & Company lifted their target price on Nutrien from $53.00 to $56.00 and gave the company an "equal weight" rating in a research report on Friday, February 21st. Piper Sandler increased their target price on shares of Nutrien from $58.00 to $63.00 and gave the stock an "overweight" rating in a report on Monday, January 27th. CIBC lifted their price target on shares of Nutrien from $64.00 to $66.00 and gave the company an "outperformer" rating in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. upgraded shares of Nutrien from an "underweight" rating to a "neutral" rating and upped their price objective for the stock from $40.00 to $50.00 in a research report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $59.27.

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.