Nutrien Ltd. (NYSE:NTR) Sees Significant Decrease in Short Interest

Nutrien Ltd. (NYSE:NTR) saw a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 6,216,324 shares, a decrease of 25.4% from the January 15th total of 8,335,894 shares. Currently, 1.3% of the shares of the stock are sold short. Based on an average trading volume of 2,803,888 shares, the short-interest ratio is presently 2.2 days. Based on an average trading volume of 2,803,888 shares, the short-interest ratio is presently 2.2 days. Currently, 1.3% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NTR. Norges Bank purchased a new stake in shares of Nutrien in the 2nd quarter valued at approximately $395,842,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Nutrien by 48.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 11,944,730 shares of the company’s stock valued at $696,058,000 after purchasing an additional 3,900,755 shares in the last quarter. Boston Partners acquired a new stake in shares of Nutrien in the second quarter worth $150,416,000. First Eagle Investment Management LLC grew its holdings in shares of Nutrien by 14.0% during the second quarter. First Eagle Investment Management LLC now owns 13,268,229 shares of the company’s stock valued at $772,742,000 after buying an additional 1,627,328 shares in the last quarter. Finally, TD Asset Management Inc grew its holdings in shares of Nutrien by 21.2% during the fourth quarter. TD Asset Management Inc now owns 8,928,534 shares of the company’s stock valued at $551,821,000 after buying an additional 1,559,673 shares in the last quarter. 63.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on NTR. Oppenheimer reissued an “outperform” rating on shares of Nutrien in a report on Tuesday, January 27th. Wall Street Zen raised Nutrien from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. Zacks Research raised Nutrien from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. Royal Bank Of Canada boosted their price target on shares of Nutrien from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Nutrien in a report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Nutrien has a consensus rating of “Hold” and a consensus price target of $66.31.

Nutrien Trading Up 0.6%

Shares of NYSE NTR opened at $70.83 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 1.41 and a debt-to-equity ratio of 0.39. Nutrien has a 12 month low of $45.78 and a 12 month high of $73.55. The company has a market cap of $34.10 billion, a price-to-earnings ratio of 19.09 and a beta of 0.73. The business has a fifty day simple moving average of $65.40 and a 200-day simple moving average of $60.34.

Nutrien Company 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.