Mitsubishi UFJ Asset Management UK Ltd. Purchases New Stake in Potash Corporation of Saskatchewan Inc. (NYSE:POT)

Mitsubishi UFJ Asset Management UK Ltd. bought a new stake in shares of Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 103,900 shares of the fertilizer maker’s stock, valued at approximately $1,694,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC raised its position in Potash Corporation of Saskatchewan by 21.9% in the first quarter. First Eagle Investment Management LLC now owns 40,768,071 shares of the fertilizer maker’s stock worth $696,319,000 after buying an additional 7,315,190 shares during the period. Bank of Montreal Can increased its stake in shares of Potash Corporation of Saskatchewan by 17.3% in the first quarter. Bank of Montreal Can now owns 18,836,468 shares of the fertilizer maker’s stock valued at $321,727,000 after buying an additional 2,774,033 shares in the last quarter. MARSHALL WACE ASIA Ltd acquired a new stake in shares of Potash Corporation of Saskatchewan during the first quarter valued at about $33,499,000. Macquarie Group Ltd. increased its stake in shares of Potash Corporation of Saskatchewan by 282.8% in the first quarter. Macquarie Group Ltd. now owns 2,557,145 shares of the fertilizer maker’s stock valued at $43,676,000 after buying an additional 1,889,145 shares in the last quarter. Finally, Horseman Capital Management Ltd acquired a new stake in shares of Potash Corporation of Saskatchewan during the first quarter valued at about $29,463,000. Institutional investors and hedge funds own 60.42% of the company’s stock.

Shares of Potash Corporation of Saskatchewan Inc. (NYSE POT) traded down 0.29% during mid-day trading on Friday, reaching $17.23. The company had a trading volume of 3,996,852 shares. The stock has a market capitalization of $14.47 billion, a P/E ratio of 30.33 and a beta of 0.46. Potash Corporation of Saskatchewan Inc. has a 12-month low of $15.72 and a 12-month high of $20.26. The firm’s 50 day moving average is $17.48 and its 200-day moving average is $17.17.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last released its quarterly earnings results on Thursday, July 27th. The fertilizer maker reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by $0.01. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $982.05 million. Potash Corporation of Saskatchewan had a net margin of 11.07% and a return on equity of 5.19%. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.18 earnings per share. On average, analysts expect that Potash Corporation of Saskatchewan Inc. will post $0.63 earnings per share for the current fiscal year.

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Several brokerages recently issued reports on POT. Stifel Nicolaus reissued a “buy” rating and issued a $20.50 price objective on shares of Potash Corporation of Saskatchewan in a research note on Friday, August 11th. BMO Capital Markets reissued a “hold” rating on shares of Potash Corporation of Saskatchewan in a research note on Sunday, August 13th. Zacks Investment Research downgraded Potash Corporation of Saskatchewan from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Scotiabank reaffirmed a “sector perform” rating and set a $20.00 price target on shares of Potash Corporation of Saskatchewan in a research note on Friday, April 28th. Finally, TD Securities reaffirmed a “hold” rating and set a $17.50 price target on shares of Potash Corporation of Saskatchewan in a research note on Friday, April 28th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $18.18.

About Potash Corporation of Saskatchewan

Potash Corporation of Saskatchewan Inc (PCS) is a fertilizer producer producing a range of primary crop nutrients, such as potash, nitrogen and phosphate. The Company operates through three segments: potash, nitrogen and phosphate. As of December 31, 2016, it owned and operated five potash operations in Saskatchewan and owned one in New Brunswick.

Institutional Ownership by Quarter for Potash Corporation of Saskatchewan (NYSE:POT)

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