This afternoon we watched Nutrien drop -1.6% to a price of $45.74 per share. The Large-Cap Agricultural Inputs company is now trading -26.6% below its average target price of $62.32. Analysts have set target prices ranging from $48.0 to $75.0 per share for Nutrien, and have given the stock an average rating of buy.
The stock has a very low short interest at 0.6%, and a short ratio of 1.64. At 0.03%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation. Finally, we also note that an average number of institutional investors are invested in the stock, with 70.1% of Nutrien's shares being owned by this investor type.
Institutions Invested in Nutrien
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Royal Bank of Canada | 6% | 29,088,438 | $1,330,505,202 |
| 2024-06-30 | Vanguard Group Inc | 4% | 19,112,283 | $874,195,856 |
| 2024-03-31 | Mackenzie Financial Corporation | 3% | 13,854,197 | $633,690,994 |
| 2024-06-30 | Dodge & Cox Inc | 2% | 12,199,059 | $557,984,979 |
| 2024-03-31 | Bank of Montreal/Can/ | 2% | 11,560,052 | $528,756,797 |
| 2024-06-30 | FMR, LLC | 2% | 10,647,263 | $487,005,827 |
| 2024-03-31 | Deutsche Bank Aktiengesellschaft | 2% | 10,167,099 | $465,043,125 |
| 2024-06-30 | First Eagle Investment Management, LLC | 2% | 9,477,248 | $433,489,339 |
| 2024-06-30 | 1832 Asset Management L.P. | 2% | 9,006,528 | $411,958,605 |
| 2024-03-31 | Manufacturers Life Insurance Co. | 1% | 7,253,769 | $331,787,406 |
Besides an analyst consensus of strong upside potential, other market factors point to there being mixed market sentiment on Nutrien.
