171,072 Shares in Nutrien Ltd. $NTR Purchased by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. purchased a new stake in Nutrien Ltd. (NYSE:NTR) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 171,072 shares of the company’s stock, valued at approximately $10,769,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NTR. Montag A & Associates Inc. lifted its position in Nutrien by 310.7% during the 4th quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock worth $26,000 after acquiring an additional 320 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Nutrien by 1,014.0% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 479 shares of the company’s stock valued at $30,000 after purchasing an additional 436 shares during the last quarter. Global Retirement Partners LLC acquired a new position in shares of Nutrien in the second quarter valued at approximately $30,000. Evolution Wealth Management Inc. acquired a new position in shares of Nutrien in the first quarter valued at approximately $32,000. Finally, Allied Private Wealth LLC purchased a new stake in shares of Nutrien during the second quarter worth approximately $33,000. 63.10% of the stock is owned by hedge funds and other institutional investors.

Nutrien Stock Up 1.5%

Nutrien stock opened at $70.44 on Thursday. The stock’s 50 day moving average price is $66.11 and its 200 day moving average price is $70.35. Nutrien Ltd. has a 1-year low of $53.03 and a 1-year high of $85.36. The company has a market cap of $33.69 billion, a PE ratio of 14.26, a price-to-earnings-growth ratio of 0.69 and a beta of 0.61. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.39 and a quick ratio of 0.86.

Nutrien (NYSE:NTR) last released its quarterly earnings data on Wednesday, August 5th. The company reported $2.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.70 by ($0.09). Nutrien had a return on equity of 8.88% and a net margin of 8.44%.The business had revenue of $10.81 billion during the quarter, compared to analysts’ expectations of $10.44 billion. During the same quarter in the previous year, the company posted $2.65 EPS. The company’s revenue was up 3.6% compared to the same quarter last year. On average, sell-side analysts predict that Nutrien Ltd. will post 5.01 EPS for the current fiscal year.

Nutrien Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Tuesday, September 29th will be paid a $0.55 dividend. The ex-dividend date is Tuesday, September 29th. This represents a $2.20 annualized dividend and a dividend yield of 3.1%. Nutrien’s dividend payout ratio (DPR) is 44.53%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on NTR shares. Raymond James Financial upgraded shares of Nutrien from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $74.00 to $90.00 in a research report on Tuesday, May 5th. Morgan Stanley cut their price objective on shares of Nutrien from $93.00 to $81.00 and set an “overweight” rating for the company in a research report on Tuesday, July 7th. Wall Street Zen cut shares of Nutrien from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. JPMorgan Chase & Co. lifted their target price on shares of Nutrien from $78.00 to $80.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Finally, Berenberg Bank set a $65.00 price target on shares of Nutrien and gave the stock a “hold” rating in a research note on Wednesday, June 10th. 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $81.58.

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.