Mark Thompson Buys 1,350 Shares of Nutrien Ltd. (TSE:NTR) Stock

Nutrien Ltd. (TSE:NTR) Senior Officer Mark Thompson bought 1,350 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were bought at an average cost of C$71.89 per share, with a total value of C$97,051.50.

Nutrien Stock Down 5.2 %

Shares of TSE NTR traded down C$3.92 during mid-day trading on Monday, reaching C$71.90. 1,907,940 shares of the company traded hands, compared to its average volume of 1,469,365. The company’s fifty day moving average is C$71.98 and its two-hundred day moving average is C$67.74. 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 Ltd. has a fifty-two week low of C$60.74 and a fifty-two week high of C$83.14. The stock has a market cap of C$24.75 billion, a PE ratio of 33.85, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95.

Nutrien Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 3.03%. This is an increase from Nutrien’s previous quarterly dividend of $0.54. Nutrien’s dividend payout ratio (DPR) is 137.48%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on NTR shares. Piper Sandler raised Nutrien from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, January 13th. Raymond James raised shares of Nutrien from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, December 3rd. Finally, Barclays cut shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target 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.