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

Nutrien Ltd. (TSE:NTR) 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.

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.