Insider Buying: Nutrien Ltd. (TSE:NTR) Director Purchases 5,000 Shares of Stock

Nutrien Ltd. (TSE:NTR) Director Michael Jeremiah Hennigan purchased 5,000 shares of Nutrien stock in a transaction that occurred on Monday, February 24th. The shares were bought at an average price of C$73.98 per share, with a total value of C$369,910.00.

Nutrien Stock Down 0.7 %

NTR stock opened at C$74.32 on Tuesday. The company has a market cap of C$25.59 billion, a price-to-earnings ratio of 34.99, a PEG ratio of 1.15 and a beta of 0.95. The firm has a 50-day moving average of C$71.06 and a two-hundred day moving average of C$67.55. Nutrien Ltd. has a 12 month low of C$60.74 and a 12 month high of C$83.14. The company has a current ratio of 1.27, a quick ratio of 0.65 and a debt-to-equity ratio of 59.10.

Nutrien Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be given a dividend of $0.545 per share. This is an increase from Nutrien’s previous quarterly dividend of $0.54. This represents a $2.18 dividend on an annualized basis and a yield of 2.93%. Nutrien’s dividend payout ratio (DPR) is presently 137.48%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NTR. Raymond James raised shares of Nutrien from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 3rd. Piper Sandler raised shares of Nutrien from a “strong sell” rating to a “strong-buy” rating in a report on Monday, January 13th. Finally, Barclays downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$59.00.

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.