Insider Buying: Nutrien (TSE:NTR) Insider Purchases 279 Shares of Stock

Nutrien Ltd. (TSE:NTR) insider Mark Thompson purchased 279 shares of the business’s stock in a transaction on Thursday, June 18th. The stock was purchased at an average cost of C$89.86 per share, for a total transaction of C$25,070.94. Following the acquisition, the insider owned 37,367 shares in the company, valued at approximately C$3,357,798.62. The trade was a 0.75% increase in their ownership of the stock.

Mark Thompson also recently made the following trade(s):

• On Wednesday, May 27th, Mark Thompson acquired 262 shares of Nutrien stock. The stock was purchased at an average price of C$95.47 per share, for a total transaction of C$25,013.14.

Nutrien Trading Down 0.1%

Shares of TSE:NTR traded down C$0.08 during midday trading on Friday, hitting C$88.67. 1,122,017 shares of the stock traded hands, compared to its average volume of 1,697,517. The stock has a market capitalization of C$42.56 billion, a PE ratio of 18.06, a P/E/G ratio of 1.15 and a beta of 0.75. The business’s 50 day moving average is C$97.13 and its two-hundred day moving average is C$95.58. The company has a quick ratio of 0.65, a current ratio of 1.24 and a debt-to-equity ratio of 55.44. Nutrien Ltd. has a one year low of C$74.77 and a one year high of C$116.95.

Nutrien (TSE:NTR) last posted its earnings results on Wednesday, May 6th. The company reported C$0.71 earnings per share for the quarter. The company had revenue of C$8.41 billion during the quarter. Nutrien had a net margin of 8.61% and a return on equity of 9.49%. As a group, research analysts forecast that Nutrien Ltd. will post 5.3416399 earnings per share for the current year.

Nutrien Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Friday, July 17th will be issued a $0.55 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.20 annualized dividend and a yield of 2.5%. Nutrien’s dividend payout ratio (DPR) is 44.50%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NTR. Barclays upgraded Nutrien from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Wells Fargo & Company raised Nutrien from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 13th. Jefferies Financial Group upgraded shares of Nutrien from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 12th. UBS Group cut shares of Nutrien from a “hold” rating to a “strong sell” rating in a report on Thursday, March 26th. Finally, Raymond James Financial raised shares of Nutrien from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, May 5th. Three equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$80.00.

About Nutrien

Nutrien is a leading global provider of crop inputs and services. We operate a world-class network of production, distribution and ag retail facilities that positions us to efficiently serve the needs of growers. We focus on creating long-term value by prioritizing investments that strengthen the advantages of our business across the ag value chain and by maintaining access to the resources and the relationships with stakeholders needed to achieve our goals.