Colrain Capital LLC Boosts Stock Holdings in Nutrien Ltd. $NTR

Colrain Capital LLC increased its holdings in Nutrien Ltd. (NYSE:NTR) by 35.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 128,150 shares of the company’s stock after buying an additional 33,650 shares during the period. Nutrien comprises approximately 4.3% of Colrain Capital LLC’s holdings, making the stock its 10th biggest position. Colrain Capital LLC’s holdings in Nutrien were worth $7,595,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of NTR. Norges Bank acquired a new position in Nutrien in the second quarter valued at approximately $395,842,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Nutrien by 48.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 11,944,730 shares of the company’s stock worth $696,058,000 after purchasing an additional 3,900,755 shares during the last quarter. Boston Partners acquired a new position in Nutrien during the 2nd quarter valued at approximately $150,416,000. First Eagle Investment Management LLC grew its stake in Nutrien by 14.0% during the 2nd quarter. First Eagle Investment Management LLC now owns 13,268,229 shares of the company’s stock worth $772,742,000 after buying an additional 1,627,328 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its position in Nutrien by 152.6% in the third quarter. Allianz Asset Management GmbH now owns 1,372,863 shares of the company’s stock worth $80,662,000 after buying an additional 829,275 shares during the period. Institutional investors and hedge funds own 63.10% of the company’s stock.

Nutrien Stock Up 0.6%

NTR stock opened at $70.83 on Tuesday. The firm’s 50-day moving average is $65.40 and its two-hundred day moving average is $60.34. The company has a market capitalization of $34.10 billion, a price-to-earnings ratio of 19.09 and a beta of 0.73. Nutrien Ltd. has a 52 week low of $45.78 and a 52 week high of $73.55. The company has a current ratio of 1.41, a quick ratio of 0.89 and a debt-to-equity ratio of 0.39.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on NTR shares. Zacks Research raised shares of Nutrien from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. Morgan Stanley upgraded shares of Nutrien from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $70.00 to $77.00 in a research report on Wednesday, January 14th. UBS Group upped their target price on shares of Nutrien from $58.00 to $63.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. Wells Fargo & Company started coverage on Nutrien in a report on Tuesday, November 11th. They set an “equal weight” rating and a $64.00 price target on the stock. Finally, Scotiabank boosted their price objective on Nutrien from $63.00 to $70.00 and gave the stock a “sector perform” rating in a research report on Monday, February 2nd. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $66.31.

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.