Michael Jeremiah Hennigan Purchases 5,000 Shares of Nutrien Ltd. (TSE:NTR) Stock

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

Nutrien Price Performance

Nutrien stock opened at C$76.67 on Wednesday. Nutrien Ltd. has a 1 year low of C$60.74 and a 1 year high of C$83.14. The firm has a 50 day moving average price of C$71.27 and a 200 day moving average price of C$67.59. The company has a market cap of C$26.40 billion, a price-to-earnings ratio of 36.10, a PEG ratio of 1.15 and a beta of 0.95. The company has a debt-to-equity ratio of 59.10, a quick ratio of 0.65 and a current ratio of 1.27.

Nutrien Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be given a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 2.84%. This is a boost from Nutrien’s previous quarterly dividend of $0.54. Nutrien’s payout ratio is 137.48%.

Wall Street Analysts Forecast Growth

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

Nutrien Company Profile

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.