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

Nutrien Ltd. (TSE:NTR - Get Free Report) Director Michael Jeremiah Hennigan acquired 5,000 shares of Nutrien stock in a transaction that occurred on Monday, February 24th. The stock was acquired at an average cost of C$73.98 per share, with a total value of C$369,910.00.

Nutrien Stock Performance

Shares of NTR remained flat at C$76.30 during mid-day trading on Thursday. 313,078 shares of the company traded hands, compared to its average volume of 1,446,657. Nutrien Ltd. has a 52-week low of C$60.74 and a 52-week 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. The firm's fifty day simple moving average is C$71.50 and its 200 day simple moving average is C$67.63. The stock has a market cap of C$26.27 billion, a PE ratio of 35.92, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95.

Nutrien Increases Dividend

The business also recently declared 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 represents a $2.18 annualized dividend and a dividend yield of 2.86%. This is an increase from Nutrien's previous quarterly dividend of $0.54. Nutrien's dividend payout ratio is 137.48%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NTR. Raymond James raised Nutrien from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, December 3rd. Barclays downgraded Nutrien from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 21st. Finally, Piper Sandler raised Nutrien from a "strong sell" rating to a "strong-buy" rating in a research report on Monday, January 13th. Five investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Nutrien presently has a consensus rating of "Hold" and an average target price of C$59.00.

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About Nutrien

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.