Colrain Capital LLC Invests $3.86 Million in Nutrien Ltd. (NYSE:NTR)

Colrain Capital LLC acquired a new stake in Nutrien Ltd. (NYSE:NTR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 85,500 shares of the company’s stock, valued at approximately $3,863,000. Nutrien comprises about 3.8% of Colrain Capital LLC’s portfolio, making the stock its 10th largest position.

Several other hedge funds also recently added to or reduced their stakes in NTR. Fairway Wealth LLC acquired a new position in shares of Nutrien in the 4th quarter valued at $27,000. HHM Wealth Advisors LLC raised its holdings in Nutrien by 331.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 625 shares of the company’s stock valued at $28,000 after buying an additional 480 shares during the period. Assetmark Inc. lifted its position in Nutrien by 1,437.5% in the fourth quarter. Assetmark Inc. now owns 738 shares of the company’s stock valued at $33,000 after buying an additional 690 shares during the last quarter. Asset Planning Inc purchased a new position in Nutrien during the fourth quarter worth about $35,000. Finally, Exchange Traded Concepts LLC increased its position in shares of Nutrien by 96.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 846 shares of the company’s stock valued at $38,000 after acquiring an additional 416 shares during the last quarter. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on NTR. Barclays upped their price objective on shares of Nutrien from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 5th. Oppenheimer started coverage on Nutrien in a research report on Thursday, December 12th. They set an “outperform” rating and a $60.00 price target for the company. JPMorgan Chase & Co. raised Nutrien from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $40.00 to $50.00 in a research note on Monday, January 13th. Wells Fargo & Company increased their target price on Nutrien from $53.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Friday, February 21st. Finally, Scotiabank lifted their target price on Nutrien from $60.00 to $62.00 and gave the company a “sector outperform” rating in a research report on Monday, February 24th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Nutrien presently has an average rating of “Hold” and a consensus price target of $60.00.

Nutrien Stock Down 1.5 %

Nutrien stock opened at $50.13 on Monday. Nutrien Ltd. has a 1-year low of $43.70 and a 1-year high of $60.87. The stock has a market cap of $24.50 billion, a PE ratio of 36.59, a P/E/G ratio of 1.19 and a beta of 0.81. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.27 and a quick ratio of 0.82. The stock’s fifty day moving average is $51.59 and its two-hundred day moving average is $49.02.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, February 19th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). Nutrien had a net margin of 2.62% and a return on equity of 6.81%. The company had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $5.09 billion. On average, sell-side analysts expect that Nutrien Ltd. will post 3.72 EPS for the current fiscal year.

Nutrien Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be given a dividend of $0.545 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.35%. Nutrien’s dividend payout ratio (DPR) is presently 159.12%.

About Nutrien

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.