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

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

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on NTR shares. Scotiabank cut Nutrien from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 14th. BNP Paribas upgraded Nutrien to a "strong-buy" rating in a research note on Wednesday, April 9th. Finally, The Goldman Sachs Group upgraded Nutrien to a "strong sell" rating in a research note on Thursday, March 13th. One equities 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 data from MarketBeat, the stock currently has a consensus rating of "Hold".

Nutrien Price Performance

The company has a debt-to-equity ratio of 59.10, a quick ratio of 0.65 and a current ratio of 1.27. The firm has a market capitalization of C$28.36 billion, a price-to-earnings ratio of 38.79, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95. The business has a fifty day moving average of C$76.13 and a two-hundred day moving average of C$72.62.

Nutrien Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 30th will be issued a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 2.65%. Nutrien's dividend payout ratio is 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.