Insider Buying: Nutrien Ltd. (TSE:NTR) Director Buys C$146,563.20 in Stock

Nutrien Ltd. (TSE:NTRGet Free Report) Director Julie Lagacy purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of C$73.28 per share, for a total transaction of C$146,563.20.

Nutrien Stock Up 0.9 %

Shares of TSE NTR opened at C$72.96 on Friday. The stock has a market cap of C$25.12 billion, a P/E ratio of 34.35, a PEG ratio of 1.15 and a beta of 0.95. 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 Ltd. has a 12-month low of C$60.74 and a 12-month high of C$83.14. The business’s fifty day simple moving average is C$73.59 and its 200-day simple moving average is C$68.34.

Nutrien Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be issued a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 2.99%. This is a positive change from Nutrien’s previous quarterly dividend of $0.54. Nutrien’s dividend payout ratio is 137.48%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on NTR shares. Barclays cut Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st. Piper Sandler upgraded Nutrien from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, January 13th. The Goldman Sachs Group upgraded Nutrien to a “strong sell” rating in a research note on Thursday. Finally, Raymond James upgraded Nutrien from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a strong buy rating to the company. According to MarketBeat.com, Nutrien presently has a consensus rating of “Hold” and an average target price of C$59.00.

Read Our Latest Stock Analysis on NTR

About Nutrien

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Nutrien (TSE:NTR)

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