TD Waterhouse Canada Inc. Boosts Stake in Nutrien Ltd. $NTR

TD Waterhouse Canada Inc. grew its position in shares of Nutrien Ltd. (NYSE:NTR) by 2.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,518,435 shares of the company’s stock after buying an additional 113,040 shares during the quarter. Nutrien accounts for approximately 0.9% of TD Waterhouse Canada Inc.’s investment portfolio, making the stock its 27th biggest holding. TD Waterhouse Canada Inc.’s holdings in Nutrien were worth $351,150,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ewing Morris & Co. Investment Partners Ltd. increased its position in shares of Nutrien by 54.0% during the second quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 4,420 shares of the company’s stock valued at $281,000 after acquiring an additional 1,550 shares during the last quarter. Nykredit A S bought a new position in Nutrien in the 2nd quarter valued at $8,980,000. Addenda Capital Inc. increased its position in shares of Nutrien by 6.2% during the 2nd quarter. Addenda Capital Inc. now owns 112,460 shares of the company’s stock valued at $7,079,000 after purchasing an additional 6,560 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Nutrien during the 2nd quarter worth $385,000. Finally, Quantitative Investment Management LLC purchased a new position in shares of Nutrien in the 2nd quarter worth about $3,114,000. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NTR shares. 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 report on Tuesday, June 30th. Scotiabank raised shares of Nutrien from a “sector perform” rating to a “sector outperform” rating and set a $80.00 target price for the company in a research report on Tuesday, June 30th. UBS Group decreased their price target on shares of Nutrien from $67.00 to $65.00 and set a “sell” rating for the company in a research note on Monday, May 11th. Oppenheimer lowered their price target on shares of Nutrien from $82.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday, July 23rd. Finally, Weiss Ratings upgraded Nutrien from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. Seventeen research 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’s stock. Based on data from MarketBeat.com, Nutrien has an average rating of “Moderate Buy” and a consensus target price of $81.58.

Nutrien Trading Up 0.5%

Shares of Nutrien stock opened at $80.67 on Friday. Nutrien Ltd. has a 52-week low of $53.03 and a 52-week high of $85.36. The stock’s 50-day simple moving average is $68.71 and its 200 day simple moving average is $70.77. The stock has a market capitalization of $38.50 billion, a P/E ratio of 16.33, a P/E/G 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 (NYSE:NTR) last released its quarterly earnings data 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 analysts’ expectations of $10.44 billion. Nutrien had a net margin of 8.44% and a return on equity of 8.88%. Nutrien’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the company earned $2.65 earnings per share. As a group, research analysts anticipate that Nutrien Ltd. will post 4.71 EPS for the current year.

Nutrien Dividend Announcement

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

About Nutrien

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.