Nutrien Ltd. (NYSE:NTR) Short Interest Down 45.6% in July

Nutrien Ltd. (NYSE:NTRGet Free Report) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 5,567,872 shares, a decline of 45.6% from the June 30th total of 10,241,667 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average trading volume of 2,472,867 shares, the days-to-cover ratio is currently 2.3 days.

Hedge Funds Weigh In On Nutrien

Large investors have recently bought and sold shares of the business. MH & Associates Securities Management Corp ADV acquired a new position in shares of Nutrien in the 4th quarter valued at $1,967,000. TD Waterhouse Canada Inc. grew its stake in Nutrien by 4.2% during the 4th quarter. TD Waterhouse Canada Inc. now owns 2,359,022 shares of the company’s stock worth $145,257,000 after buying an additional 94,510 shares during the last quarter. Vanguard Group Inc. lifted its stake in Nutrien by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 22,463,277 shares of the company’s stock valued at $1,386,546,000 after buying an additional 479,834 shares during the last quarter. BCS Private Wealth Management Inc. grew its position in shares of Nutrien by 501.5% during the fourth quarter. BCS Private Wealth Management Inc. now owns 65,913 shares of the company’s stock worth $4,104,000 after acquiring an additional 54,955 shares during the last quarter. Finally, Black Creek Investment Management Inc. raised its position in Nutrien by 7.9% in the 4th quarter. Black Creek Investment Management Inc. now owns 2,553,108 shares of the company’s stock valued at $157,796,000 after purchasing an additional 185,864 shares during the last quarter. Hedge funds and other institutional investors own 63.10% of the company’s stock.

Nutrien Stock Up 0.3%

NYSE NTR traded up $0.20 during trading hours on Thursday, hitting $70.79. 1,870,979 shares of the company were exchanged, compared to its average volume of 2,173,163. The company has a quick ratio of 0.59, a current ratio of 1.24 and a debt-to-equity ratio of 0.35. The firm has a market cap of $33.86 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 0.70 and a beta of 0.62. The company has a 50 day moving average of $66.42 and a two-hundred day moving average of $70.37. Nutrien has a 52-week low of $53.03 and a 52-week high of $85.36.

Nutrien (NYSE:NTRGet Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. The business had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.30 billion. Nutrien had a return on equity of 8.84% and a net margin of 8.58%.The business’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 EPS. Equities research analysts anticipate that Nutrien will post 5.08 earnings per share for the current year.

Nutrien Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Tuesday, June 30th. Nutrien’s payout ratio is 44.81%.

Analyst Ratings Changes

A number of analysts have commented on NTR shares. BNP Paribas Exane upgraded shares of Nutrien from a “neutral” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Tuesday. TD Securities restated a “buy” rating on shares of Nutrien in a research report on Wednesday, May 6th. Berenberg Bank set a $65.00 price target on Nutrien and gave the company a “hold” rating in a report on Wednesday, June 10th. Wall Street Zen lowered Nutrien from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, National Bank Financial set a $76.00 target price on Nutrien and gave the company an “outperform” rating in a report on Monday, July 13th. Sixteen investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Nutrien currently has a consensus rating of “Moderate Buy” and an average target price of $81.84.

View Our Latest Analysis on Nutrien

Nutrien Company Profile

(Get Free Report)

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.

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