Insider Buying: Nutrien Ltd. (TSE:NTR) Senior Officer Purchases C$97,051.50 in Stock

Nutrien Ltd. (TSE:NTR) Senior Officer Mark Thompson acquired 1,350 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were bought at an average price of C$71.89 per share, for a total transaction of C$97,051.50.

Nutrien Stock Up 2.0 %

NTR opened at C$71.60 on Thursday. 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 stock’s fifty day simple moving average is C$72.42 and its 200 day simple moving average is C$67.87. Nutrien Ltd. has a 1-year low of C$60.74 and a 1-year high of C$83.14. The stock has a market cap of C$24.65 billion, a PE ratio of 33.71, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95.

Nutrien Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be issued a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 3.04%. This is a positive change from Nutrien’s previous quarterly dividend of $0.54. Nutrien’s dividend payout ratio is currently 137.48%.

Wall Street Analyst Weigh In

NTR has been the topic of a number of research analyst reports. Piper Sandler upgraded Nutrien from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, January 13th. Raymond James upgraded Nutrien from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 3rd. Finally, Barclays cut Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price 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.