Nutrien Ltd. (NYSE:NTR) Short Interest Update

Nutrien Ltd. (NYSE:NTR - Get Free Report) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 13,290,000 shares, a decrease of 38.0% from the March 31st total of 21,420,000 shares. Based on an average trading volume of 2,430,000 shares, the days-to-cover ratio is currently 5.5 days. Approximately 2.7% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NTR. Scotiabank upped their target price on shares of Nutrien from $60.00 to $62.00 and gave the stock a "sector outperform" rating in a research report on Monday, February 24th. BNP Paribas raised Nutrien to a "strong-buy" rating in a report on Wednesday, April 9th. UBS Group lowered their target price on Nutrien from $54.00 to $52.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Piper Sandler upped their price target on Nutrien from $58.00 to $63.00 and gave the company an "overweight" rating in a research note on Monday, January 27th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $60.00 price objective on shares of Nutrien in a research report on Monday, February 24th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $59.27.

Institutional Trading of Nutrien

Several hedge funds and other institutional investors have recently modified their holdings of NTR. Uncommon Cents Investing LLC grew its holdings in shares of Nutrien by 2.1% during the fourth quarter. Uncommon Cents Investing LLC now owns 11,550 shares of the company's stock worth $517,000 after buying an additional 235 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Nutrien by 3.5% during the 4th quarter. Rhumbline Advisers now owns 7,398 shares of the company's stock worth $331,000 after acquiring an additional 247 shares in the last quarter. FFT Wealth Management LLC raised its holdings in shares of Nutrien by 0.9% in the fourth quarter. FFT Wealth Management LLC now owns 29,732 shares of the company's stock valued at $1,330,000 after purchasing an additional 277 shares during the last quarter. Tidal Investments LLC lifted its position in shares of Nutrien by 2.9% in the fourth quarter. Tidal Investments LLC now owns 10,262 shares of the company's stock worth $459,000 after purchasing an additional 293 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Nutrien by 23.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,804 shares of the company's stock worth $81,000 after purchasing an additional 348 shares during the last quarter. Institutional investors and hedge funds own 63.10% of the company's stock.

Nutrien Trading Up 0.2 %

Shares of Nutrien stock traded up $0.11 during trading hours on Friday, hitting $56.85. The company's stock had a trading volume of 2,166,126 shares, compared to its average volume of 2,120,169. The company has a market capitalization of $27.76 billion, a PE ratio of 41.50, a price-to-earnings-growth ratio of 1.19 and a beta of 0.79. 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 has a 50 day moving average of $51.50 and a 200 day moving average of $49.68. Nutrien has a 12 month low of $43.70 and a 12 month high of $60.87.

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

Nutrien Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Monday, March 31st were issued a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend was Monday, March 31st. Nutrien's dividend payout ratio (DPR) is presently 159.12%.

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.