TD Waterhouse Canada Inc. Has $122.38 Million Holdings in Nutrien Ltd. $NTR

TD Waterhouse Canada Inc. increased its stake in shares of Nutrien Ltd. (NYSE:NTR) by 3.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,989,437 shares of the company’s stock after acquiring an additional 66,553 shares during the period. Nutrien accounts for 0.9% of TD Waterhouse Canada Inc.’s holdings, making the stock its 28th largest position. TD Waterhouse Canada Inc.’s holdings in Nutrien were worth $122,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Harbour Investments Inc. lifted its holdings in shares of Nutrien by 94.8% during the first quarter. Harbour Investments Inc. now owns 715 shares of the company’s stock valued at $35,000 after acquiring an additional 348 shares during the period. Huntington National Bank grew its holdings in shares of Nutrien by 72.6% in the 2nd quarter. Huntington National Bank now owns 656 shares of the company’s stock worth $38,000 after purchasing an additional 276 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new stake in shares of Nutrien during the 2nd quarter worth about $49,000. Caitong International Asset Management Co. Ltd lifted its holdings in Nutrien by 1,074.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,022 shares of the company’s stock valued at $51,000 after purchasing an additional 935 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in Nutrien during the 1st quarter valued at about $54,000. 63.10% of the stock is currently owned by institutional investors.

Nutrien Stock Performance

Shares of Nutrien stock opened at $57.34 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.33 and a quick ratio of 0.85. The firm has a 50 day simple moving average of $57.61 and a 200 day simple moving average of $58.41. Nutrien Ltd. has a fifty-two week low of $43.69 and a fifty-two week high of $65.08. The firm has a market cap of $27.72 billion, a P/E ratio of 20.55, a P/E/G ratio of 0.92 and a beta of 0.83.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.06. The firm had revenue of $5.82 billion for the quarter, compared to analyst estimates of $5.59 billion. Nutrien had a return on equity of 6.51% and a net margin of 5.25%.The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period last year, the company earned $0.39 EPS. Sell-side analysts predict that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Wednesday, December 31st will be given a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Wednesday, December 31st. Nutrien’s dividend payout ratio (DPR) is presently 58.76%.

Analysts Set New Price Targets

Several analysts have weighed in on NTR shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Nutrien in a research note on Thursday, November 13th. National Bank Financial initiated coverage on Nutrien in a report on Friday, September 5th. They issued a “sector perform” rating on the stock. TD Securities raised their price target on Nutrien from $70.00 to $72.00 and gave the company a “buy” rating in a report on Monday, August 11th. Jefferies Financial Group reduced their price objective on Nutrien from $61.00 to $60.00 and set a “hold” rating on the stock in a research note on Tuesday, September 9th. Finally, Scotiabank decreased their target price on Nutrien from $65.00 to $63.00 and set a “sector perform” rating on the stock in a report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $62.94.

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.