TD Asset Management Inc grew its stake in shares of Nutrien Ltd. (NYSE:NTR – Free Report) by 21.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,928,534 shares of the company’s stock after acquiring an additional 1,559,673 shares during the period. TD Asset Management Inc owned 1.85% of Nutrien worth $551,821,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of NTR. Norges Bank purchased a new position in shares of Nutrien during the 4th quarter valued at $412,635,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Nutrien by 19.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 14,221,381 shares of the company’s stock valued at $834,962,000 after acquiring an additional 2,276,651 shares in the last quarter. Black Creek Investment Management Inc. boosted its holdings in Nutrien by 57.3% in the third quarter. Black Creek Investment Management Inc. now owns 2,367,244 shares of the company’s stock worth $139,050,000 after purchasing an additional 862,487 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in Nutrien by 152.6% in the third quarter. Allianz Asset Management GmbH now owns 1,372,863 shares of the company’s stock worth $80,662,000 after purchasing an additional 829,275 shares in the last quarter. Finally, Man Group plc boosted its holdings in Nutrien by 5,178.4% in the third quarter. Man Group plc now owns 775,919 shares of the company’s stock worth $45,577,000 after purchasing an additional 761,219 shares in the last quarter. 63.10% of the stock is currently owned by hedge funds and other institutional investors.
Nutrien Stock Up 0.7%
NTR stock opened at $68.97 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.24 and a quick ratio of 0.59. Nutrien Ltd. has a 52-week low of $53.03 and a 52-week high of $85.36. The company has a 50-day moving average of $72.56 and a two-hundred day moving average of $68.76. The stock has a market capitalization of $33.11 billion, a price-to-earnings ratio of 14.05, a price-to-earnings-growth ratio of 0.63 and a beta of 0.60.
Nutrien Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Tuesday, June 30th. Nutrien’s dividend payout ratio is 44.81%.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on NTR. Weiss Ratings upgraded shares of Nutrien from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Raymond James Financial upgraded shares of Nutrien from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $74.00 to $90.00 in a report on Tuesday, May 5th. Morgan Stanley upped their price objective on shares of Nutrien from $77.00 to $93.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. TD Securities reiterated a “buy” rating on shares of Nutrien in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada upped their price objective on shares of Nutrien from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Tuesday, April 7th. Eleven analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $82.75.
View Our Latest Stock Analysis on Nutrien
Nutrien Company Profile
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.
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