Nutrien (TSE:NTR) Sets New 1-Year High Following Insider Buying Activity

Nutrien Ltd. (TSE:NTR)’s share price hit a new 52-week high during trading on Wednesday after an insider bought additional shares in the company. The company traded as high as C$83.37 and last traded at C$82.64, with a volume of 277846 shares. The stock had previously closed at C$82.01.

Specifically, Senior Officer Christopher Reynolds purchased 858 shares of the firm’s stock in a transaction dated Friday, May 30th. The shares were acquired at an average price of C$79.97 per share, with a total value of C$68,617.48.

Wall Street Analysts Forecast Growth

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

Nutrien Trading Up 0.6%

The company has a 50 day simple moving average of C$76.13 and a 200 day simple moving average of C$72.62. The company has a current ratio of 1.27, a quick ratio of 0.65 and a debt-to-equity ratio of 59.10. The stock has a market capitalization of C$28.41 billion, a PE ratio of 38.85, a P/E/G ratio of 1.15 and a beta of 0.95.

Nutrien Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.64%. Nutrien’s dividend payout ratio (DPR) is 137.48%.

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.