Colrain Capital LLC Acquires 15,670 Shares of Nutrien Ltd. $NTR

Colrain Capital LLC boosted its holdings in Nutrien Ltd. (NYSE:NTR) by 12.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 143,820 shares of the company’s stock after buying an additional 15,670 shares during the period. Nutrien accounts for approximately 4.9% of Colrain Capital LLC’s holdings, making the stock its 9th largest holding. Colrain Capital LLC’s holdings in Nutrien were worth $8,960,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Montag A & Associates Inc. boosted its stake in Nutrien by 310.7% in the 4th quarter. Montag A & Associates Inc. now owns 423 shares of the company’s stock worth $26,000 after buying an additional 320 shares during the last quarter. Eastern Bank lifted its stake in shares of Nutrien by 133.0% in the 4th quarter. Eastern Bank now owns 699 shares of the company’s stock valued at $43,000 after purchasing an additional 399 shares in the last quarter. Harbour Investments Inc. lifted its stake in shares of Nutrien by 97.2% in the 4th quarter. Harbour Investments Inc. now owns 704 shares of the company’s stock valued at $43,000 after purchasing an additional 347 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Nutrien by 42.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 735 shares of the company’s stock valued at $43,000 after purchasing an additional 219 shares in the last quarter. Finally, Fulcrum Asset Management LLP acquired a new position in shares of Nutrien in the 3rd quarter valued at about $46,000. 63.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. UBS Group reduced their price objective on Nutrien from $67.00 to $65.00 and set a “sell” rating on the stock in a research note on Monday, May 11th. Oppenheimer lifted their price objective on Nutrien from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Raymond James Financial raised 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 note on Tuesday, May 5th. TD Securities reaffirmed a “buy” rating on shares of Nutrien in a research note on Wednesday, May 6th. Finally, Wall Street Zen lowered Nutrien from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Eleven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Nutrien presently has an average rating of “Moderate Buy” and an average price target of $81.71.

Nutrien Stock Performance

Shares of NYSE:NTR opened at $65.63 on Friday. The company has a market cap of $31.51 billion, a P/E ratio of 13.37, a PEG ratio of 0.60 and a beta of 0.60. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 1.24. Nutrien Ltd. has a one year low of $53.03 and a one year high of $85.36. The business’s 50-day simple moving average is $71.48 and its 200 day simple moving average is $69.18.

Nutrien (NYSE:NTR) last announced its earnings results on Wednesday, May 6th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. The business had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $5.30 billion. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The company’s revenue was up 18.5% on a year-over-year basis. During the same period last year, the business posted $0.11 EPS. On average, sell-side analysts forecast that Nutrien Ltd. will post 5.45 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Tuesday, June 30th. Nutrien’s dividend payout ratio (DPR) is presently 44.81%.

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.