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

Nutrien Ltd. (TSE:NTR - Get Free Report) shares hit a new 52-week high on Wednesday following insider buying activity. The stock traded as high as C$83.37 and last traded at C$82.64, with a volume of 277846 shares changing hands. The stock had previously closed at C$82.01.

Specifically, Senior Officer Christopher Reynolds acquired 858 shares of the business's stock in a transaction on Friday, May 30th. The shares were acquired at an average price of C$79.97 per share, for a total transaction of C$68,617.48.

Analyst Ratings Changes

Several brokerages have issued reports on NTR. The Goldman Sachs Group upgraded Nutrien to a "strong sell" rating in a research report on Thursday, March 13th. Scotiabank cut Nutrien from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 14th. Finally, BNP Paribas upgraded Nutrien to a "strong-buy" rating in a research note on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold".

Nutrien Stock Down 0.7%

The company has a debt-to-equity ratio of 59.10, a current ratio of 1.27 and a quick ratio of 0.65. The business has a fifty day moving average of C$76.57 and a 200-day moving average of C$72.85. The stock has a market cap of C$28.18 billion, a PE ratio of 38.53, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95.

Nutrien Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 2.66%. Nutrien's dividend payout ratio is currently 137.48%.

Nutrien Company Profile

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.