Nutrien Ltd. $NTR Stock Holdings Raised by Colrain Capital LLC

Colrain Capital LLC lifted its stake in shares of Nutrien Ltd. (NYSE:NTR) by 12.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 143,820 shares of the company’s stock after acquiring an additional 15,670 shares during the period. Nutrien makes up 4.9% of Colrain Capital LLC’s holdings, making the stock its 9th biggest holding. Colrain Capital LLC’s holdings in Nutrien were worth $8,960,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Aviva PLC increased its holdings in Nutrien by 5.6% during the 4th quarter. Aviva PLC now owns 410,795 shares of the company’s stock worth $25,376,000 after purchasing an additional 21,780 shares during the last quarter. Burkett Asset Management Ltd purchased a new stake in Nutrien during the 4th quarter worth approximately $2,459,000. Qtron Investments LLC increased its holdings in Nutrien by 81.7% during the 4th quarter. Qtron Investments LLC now owns 11,989 shares of the company’s stock worth $741,000 after purchasing an additional 5,392 shares during the last quarter. Nuveen LLC increased its holdings in Nutrien by 1.8% during the 4th quarter. Nuveen LLC now owns 1,329,255 shares of the company’s stock worth $82,154,000 after purchasing an additional 23,102 shares during the last quarter. Finally, UniSuper Management Pty Ltd increased its holdings in Nutrien by 16.7% during the 4th quarter. UniSuper Management Pty Ltd now owns 9,800 shares of the company’s stock worth $605,000 after purchasing an additional 1,400 shares during the last quarter. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NTR has been the topic of several analyst reports. TD Securities restated a “buy” rating on shares of Nutrien in a report on Wednesday, May 6th. JPMorgan Chase & Co. lifted their price objective on Nutrien from $78.00 to $80.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Royal Bank Of Canada lifted their price objective on Nutrien from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Tuesday, April 7th. Oppenheimer lifted their price objective on Nutrien from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Tuesday, May 12th. Finally, UBS Group dropped their price objective on Nutrien from $67.00 to $65.00 and set a “sell” rating on the stock in a report on Monday, May 11th. Eleven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $81.71.

Nutrien Price Performance

Shares of NTR opened at $65.63 on Friday. The firm has a market cap of $31.51 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 0.60 and a beta of 0.60. The stock has a 50 day moving average of $71.48 and a 200-day moving average of $69.18. The company has a current ratio of 1.24, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. Nutrien Ltd. has a 52 week low of $53.03 and a 52 week high of $85.36.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, May 6th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. The company had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.30 billion. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The business’s revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 EPS. As a group, analysts forecast that Nutrien Ltd. will post 5.45 EPS for the current year.

Nutrien Announces Dividend

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

Nutrien 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.