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

Colrain Capital LLC acquired a new position in Nutrien Ltd. (NYSE:NTR - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 85,500 shares of the company's stock, valued at approximately $3,863,000. Nutrien accounts for 3.8% of Colrain Capital LLC's portfolio, making the stock its 10th largest holding.

Several other hedge funds also recently added to or reduced their stakes in the business. Covea Finance raised its stake in shares of Nutrien by 21.9% in the 4th quarter. Covea Finance now owns 55,600 shares of the company's stock valued at $2,485,000 after acquiring an additional 10,000 shares during the period. Wellington Management Group LLP increased its holdings in Nutrien by 12.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,396,887 shares of the company's stock valued at $67,200,000 after purchasing an additional 151,596 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Nutrien by 8.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,886,376 shares of the company's stock valued at $84,367,000 after purchasing an additional 144,025 shares during the period. Van ECK Associates Corp raised its position in Nutrien by 5.7% in the fourth quarter. Van ECK Associates Corp now owns 1,480,870 shares of the company's stock valued at $66,264,000 after purchasing an additional 80,382 shares during the period. Finally, Secured Retirement Advisors LLC acquired a new position in Nutrien during the fourth quarter worth $654,000. 63.10% of the stock is currently owned by hedge funds and other institutional investors.

Nutrien Stock Performance

NYSE:NTR traded up $0.73 during mid-day trading on Thursday, reaching $50.68. 3,327,016 shares of the stock were exchanged, compared to its average volume of 2,030,163. The stock has a market capitalization of $24.77 billion, a P/E ratio of 36.99, a P/E/G ratio of 1.19 and a beta of 0.81. Nutrien Ltd. has a 1 year low of $43.70 and a 1 year high of $60.87. The company has a 50 day simple moving average of $51.47 and a 200-day simple moving average of $49.07. The company has a quick ratio of 0.82, a current ratio of 1.27 and a debt-to-equity ratio of 0.38.

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Nutrien (NYSE:NTR - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.09). Nutrien had a return on equity of 6.81% and a net margin of 2.62%. The business had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.09 billion. Analysts anticipate that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be paid a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 4.30%. The ex-dividend date of this dividend is Monday, March 31st. Nutrien's dividend payout ratio (DPR) is presently 159.12%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NTR. Piper Sandler lifted their price objective on shares of Nutrien from $58.00 to $63.00 and gave the company an "overweight" rating in a report on Monday, January 27th. Royal Bank of Canada reiterated an "outperform" rating and issued a $60.00 target price on shares of Nutrien in a report on Monday, February 24th. Wells Fargo & Company increased their price target on Nutrien from $53.00 to $56.00 and gave the company an "equal weight" rating in a research report on Friday, February 21st. UBS Group boosted their price objective on Nutrien from $53.00 to $54.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. Finally, CIBC upped their target price on shares of Nutrien from $64.00 to $66.00 and gave the stock an "outperformer" rating in a research note on Tuesday, February 25th. Two investment 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. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $60.00.

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.