Nutrien Ltd. (TSE:NTR) Director Michael Jeremiah Hennigan Acquires 5,000 Shares

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

Nutrien Stock Performance

Shares of TSE NTR traded down C$0.60 during trading on Monday, reaching C$74.22. 304,735 shares of the company traded hands, compared to its average volume of 1,473,361. The company has a quick ratio of 0.65, a current ratio of 1.27 and a debt-to-equity ratio of 59.10. The firm has a 50 day simple moving average of C$70.91 and a 200-day simple moving average of C$67.52. Nutrien Ltd. has a 52-week low of C$60.74 and a 52-week high of C$83.14. The stock has a market capitalization of C$25.55 billion, a PE ratio of 34.95, a P/E/G ratio of 1.15 and a beta of 0.95.

Nutrien Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be given a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 2.94%. This is an increase from Nutrien’s previous quarterly dividend of $0.54. Nutrien’s payout ratio is 137.48%.

Analyst Upgrades and Downgrades

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

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.