Nutrien Ltd. (NYSE:NTR) Shares Purchased by Toronto Dominion Bank

Toronto Dominion Bank grew its position in Nutrien Ltd. (NYSE:NTR - Free Report) by 11.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,220,354 shares of the company's stock after buying an additional 447,413 shares during the quarter. Toronto Dominion Bank owned 0.85% of Nutrien worth $202,830,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Central Pacific Bank Trust Division purchased a new position in Nutrien during the 3rd quarter valued at about $28,000. Family Firm Inc. purchased a new stake in Nutrien during the second quarter worth $32,000. Andra AP fonden purchased a new stake in Nutrien during the second quarter worth $51,000. Oakworth Capital Inc. purchased a new position in shares of Nutrien in the 2nd quarter valued at $52,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Nutrien in the 2nd quarter worth $52,000. Institutional investors own 63.10% of the company's stock.

Wall Street Analysts Forecast Growth

NTR has been the topic of several analyst reports. Barclays cut their target price on Nutrien from $68.00 to $55.00 and set an "overweight" rating on the stock in a research note on Friday, August 16th. TD Securities reduced their price objective on shares of Nutrien from $63.00 to $61.00 and set a "buy" rating for the company in a research note on Tuesday, November 12th. The Goldman Sachs Group downgraded shares of Nutrien from a "buy" rating to a "neutral" rating and lowered their target price for the company from $69.00 to $53.00 in a research note on Tuesday, September 10th. CIBC reiterated an "outperformer" rating and set a $55.00 price objective (down previously from $60.00) on shares of Nutrien in a report on Tuesday. Finally, UBS Group downgraded shares of Nutrien from a "buy" rating to a "neutral" rating and cut their price objective for the company from $66.00 to $51.00 in a report on Thursday, October 10th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Nutrien has a consensus rating of "Hold" and a consensus price target of $58.89.

Nutrien Stock Performance

Shares of NTR traded down $0.60 during trading hours on Wednesday, hitting $47.95. The stock had a trading volume of 1,111,073 shares, compared to its average volume of 1,955,226. The firm has a market capitalization of $23.68 billion, a price-to-earnings ratio of 32.32, a PEG ratio of 1.69 and a beta of 0.80. 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 firm has a 50-day moving average price of $47.96 and a 200 day moving average price of $49.18. Nutrien Ltd. has a fifty-two week low of $44.65 and a fifty-two week high of $60.87.

Nutrien (NYSE:NTR - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). Nutrien had a return on equity of 6.99% and a net margin of 2.79%. The firm had revenue of $5.35 billion for the quarter, compared to analysts' expectations of $5.26 billion. During the same period in the previous year, the company earned $0.35 earnings per share. The company's revenue was down 5.0% compared to the same quarter last year. As a group, research analysts anticipate that Nutrien Ltd. will post 3.54 EPS for the current year.

Nutrien Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be given a $0.939 dividend. The ex-dividend date is Tuesday, December 31st. This is a boost from Nutrien's previous quarterly dividend of $0.54. This represents a $3.76 dividend on an annualized basis and a dividend yield of 7.83%. Nutrien's payout ratio is 144.97%.

About Nutrien

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.