TD Asset Management Inc. Has $251.15 Million Position in Nutrien Ltd. (NYSE:NTR)

TD Asset Management Inc. lifted its stake in Nutrien Ltd. (NYSE:NTR - Free Report) by 7.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,615,681 shares of the company's stock after purchasing an additional 385,616 shares during the quarter. TD Asset Management Inc. owned 1.14% of Nutrien worth $251,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Modern Wealth Management LLC purchased a new stake in Nutrien in the 4th quarter worth approximately $209,000. Minneapolis Portfolio Management Group LLC acquired a new position in shares of Nutrien in the fourth quarter worth $16,421,000. Vanguard Group Inc. raised its holdings in shares of Nutrien by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 19,778,500 shares of the company's stock worth $885,009,000 after acquiring an additional 325,210 shares in the last quarter. LPL Financial LLC boosted its position in Nutrien by 8.0% during the fourth quarter. LPL Financial LLC now owns 104,732 shares of the company's stock valued at $4,687,000 after purchasing an additional 7,780 shares during the last quarter. Finally, Guardian Partners Inc. purchased a new position in Nutrien in the fourth quarter valued at about $14,606,000. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Nutrien Stock Performance

Shares of NYSE:NTR traded down $0.78 on Friday, hitting $50.13. 1,505,033 shares of the company were exchanged, compared to its average volume of 2,027,809. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. The company's 50 day moving average price is $51.59 and its two-hundred day moving average price is $48.99. Nutrien Ltd. has a one year low of $43.70 and a one year high of $60.87. The firm has a market capitalization of $24.50 billion, a price-to-earnings ratio of 36.59, a PEG ratio of 1.19 and a beta of 0.81.

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Nutrien (NYSE:NTR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.09). Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The firm had revenue of $5.08 billion during the quarter, compared to analyst estimates of $5.09 billion. Research analysts expect that Nutrien Ltd. will post 3.72 earnings per share for the current year.

Nutrien Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be given a $0.545 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.18 annualized dividend and a yield of 4.35%. Nutrien's payout ratio is 159.12%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NTR. JPMorgan Chase & Co. raised Nutrien from an "underweight" rating to a "neutral" rating and raised their price target for the stock from $40.00 to $50.00 in a research note on Monday, January 13th. Piper Sandler lifted their target price on shares of Nutrien from $58.00 to $63.00 and gave the company an "overweight" rating in a research note on Monday, January 27th. CIBC increased their price target on shares of Nutrien from $64.00 to $66.00 and gave the stock an "outperformer" rating in a research note on Tuesday, February 25th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $60.00 price objective on shares of Nutrien in a research note on Monday, February 24th. Finally, UBS Group increased their target price on shares of Nutrien from $53.00 to $54.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $60.00.

Nutrien Company 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.