Christopher Reynolds Sells 6,858 Shares of Nutrien Ltd. (TSE:NTR) Stock

Nutrien Ltd. (TSE:NTR) Senior Officer Christopher Reynolds sold 6,858 shares of the stock in a transaction on Monday, June 16th. The shares were sold at an average price of C$85.37, for a total value of C$585,448.26.

Christopher Reynolds also recently made the following trade(s):

• On Friday, May 30th, Christopher Reynolds acquired 858 shares of Nutrien stock. The shares were bought at an average cost of C$79.97 per share, for a total transaction of C$68,617.48.

Nutrien Trading Down 0.8%

Shares of Nutrien stock traded down C$0.69 during trading on Tuesday, reaching C$84.60. 490,445 shares of the stock were exchanged, compared to its average volume of 1,749,354. The company has a quick ratio of 0.65, a current ratio of 1.27 and a debt-to-equity ratio of 59.10. The stock’s fifty day moving average is C$78.33 and its 200 day moving average is C$73.62. The firm has a market cap of C$29.13 billion, a price-to-earnings ratio of 39.83, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95. Nutrien Ltd. has a 1 year low of C$60.74 and a 1 year high of C$88.03.

Nutrien Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.58%. Nutrien’s dividend payout ratio is currently 137.48%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NTR. BNP Paribas raised Nutrien to a “strong-buy” rating in a research note on Wednesday, April 9th. The Goldman Sachs Group raised Nutrien to a “strong sell” rating in a research note on Thursday, March 13th. Finally, Scotiabank cut Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold”.

About Nutrien

Nutrien is the world’s largest fertilizer producer by capacity. Nutrien produces the three main crop nutrientsnitrogen, potash, and phosphatealthough its main focus is potash, where it is the global leader in installed capacity with roughly 20% share. The company is also the largest agricultural retailer in the United States, selling fertilizers, crop chemicals, seeds, and services directly to farm customers through its brick-and-mortar stores and online platforms.