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

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

A number of other large investors also recently modified their holdings of NTR. Montag A & Associates Inc. lifted its position in shares of 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 purchasing an additional 320 shares during the last quarter. Evolution Wealth Management Inc. purchased a new position in Nutrien in the first quarter valued at $32,000. Global Retirement Partners LLC purchased a new position in Nutrien in the second quarter valued at $30,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Nutrien by 1,014.0% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 479 shares of the company’s stock valued at $30,000 after buying an additional 436 shares during the last quarter. Finally, Allied Private Wealth LLC acquired a new stake in Nutrien in the second quarter valued at $33,000. 63.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NTR has been the subject of a number of recent analyst reports. Weiss Ratings raised Nutrien from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 6th. Morgan Stanley dropped their price objective on Nutrien from $93.00 to $81.00 and set an “overweight” rating on the stock in a report on Tuesday, July 7th. National Bank Financial cut their target price on Nutrien from $76.00 to $74.00 and set an “outperform” rating on the stock in a research report on Monday, August 10th. Raymond James Financial upgraded Nutrien from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $74.00 to $90.00 in a research note on Tuesday, May 5th. Finally, Oppenheimer lowered their price target on Nutrien from $82.00 to $80.00 and set an “outperform” rating for the company in a report on Thursday, July 23rd. Seventeen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $81.58.

Nutrien Trading Up 1.5%

NYSE:NTR 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. The company has a market capitalization of $33.69 billion, a PE ratio of 14.26, a P/E/G ratio of 0.69 and a beta of 0.61. The company has a quick ratio of 0.86, a current ratio of 1.39 and a debt-to-equity ratio of 0.36. Nutrien Ltd. has a 52-week low of $53.03 and a 52-week high of $85.36.

Nutrien (NYSE:NTR) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.61 earnings per share for the quarter, missing analysts’ consensus estimates of $2.70 by ($0.09). The firm had revenue of $10.81 billion during 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 quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.65 EPS. On average, research analysts anticipate that Nutrien Ltd. will post 5.01 EPS for the current year.

Nutrien Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Tuesday, September 29th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, September 29th. Nutrien’s 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.