Todd Asset Management LLC Makes New $2.73 Million Investment in Nutrien Ltd. (NYSE:NTR)

Todd Asset Management LLC purchased a new stake in Nutrien Ltd. (NYSE:NTR) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 48,400 shares of the company’s stock, valued at approximately $2,726,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Legacy Financial Group LLC purchased a new position in Nutrien in the third quarter worth approximately $28,000. Exchange Traded Concepts LLC lifted its position in shares of Nutrien by 904.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 753 shares of the company’s stock worth $42,000 after purchasing an additional 678 shares during the last quarter. Evolution Advisers Inc. acquired a new position in shares of Nutrien during the fourth quarter worth $49,000. CVA Family Office LLC purchased a new position in Nutrien in the fourth quarter valued at $57,000. Finally, NBC Securities Inc. acquired a new stake in Nutrien in the third quarter valued at $58,000. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Stock Performance

Shares of NTR stock traded up $0.31 during trading hours on Friday, reaching $52.93. 989,216 shares of the company’s stock were exchanged, compared to its average volume of 1,640,439. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.17 and a quick ratio of 0.65. The company’s 50 day moving average is $53.34 and its two-hundred day moving average is $53.81. The company has a market cap of $26.18 billion, a P/E ratio of 20.92, a price-to-earnings-growth ratio of 1.97 and a beta of 0.89. Nutrien Ltd. has a 1 year low of $47.90 and a 1 year high of $69.12.

Nutrien (NYSE:NTR) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.35). The company had revenue of $5.66 billion during the quarter, compared to analyst estimates of $5.36 billion. Nutrien had a net margin of 4.33% and a return on equity of 8.59%. The firm’s revenue for the quarter was down 24.8% on a year-over-year basis. During the same quarter last year, the business earned $2.02 EPS. Equities research analysts anticipate that Nutrien Ltd. will post 3.82 EPS for the current fiscal year.

Nutrien Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend was Wednesday, March 27th. This is an increase from Nutrien’s previous quarterly dividend of $0.53. Nutrien’s payout ratio is 85.38%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Jefferies Financial Group assumed coverage on Nutrien in a research report on Tuesday, March 26th. They set a “buy” rating and a $62.00 price objective for the company. CIBC dropped their price target on shares of Nutrien from $87.00 to $76.00 and set an “outperform” rating on the stock in a research note on Friday, February 23rd. Wolfe Research began coverage on shares of Nutrien in a research report on Friday, March 1st. They set an “outperform” rating and a $66.00 price objective for the company. Berenberg Bank raised shares of Nutrien from a “hold” rating to a “buy” rating and boosted their price target for the company from $60.00 to $66.00 in a research report on Monday, April 29th. Finally, Raymond James downgraded shares of Nutrien from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $80.00 to $65.00 in a research note on Friday, January 12th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Nutrien currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.25.

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.