Potash Corporation of Saskatchewan Inc. (NYSE:POT) Stake Cut by Candriam Luxembourg S.C.A.

Candriam Luxembourg S.C.A. cut its position in Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) by 1.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 368,547 shares of the fertilizer maker’s stock after selling 6,655 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Potash Corporation of Saskatchewan were worth $6,007,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in POT. Financial Architects Inc increased its stake in Potash Corporation of Saskatchewan by 1.7% in the first quarter. Financial Architects Inc now owns 6,000 shares of the fertilizer maker’s stock worth $102,000 after buying an additional 100 shares during the last quarter. Cornerstone Advisors Inc. increased its stake in Potash Corporation of Saskatchewan by 1.8% in the second quarter. Cornerstone Advisors Inc. now owns 6,749 shares of the fertilizer maker’s stock worth $110,000 after buying an additional 122 shares during the last quarter. Lowe Wealth Advisors LLC increased its stake in Potash Corporation of Saskatchewan by 12.7% in the second quarter. Lowe Wealth Advisors LLC now owns 7,520 shares of the fertilizer maker’s stock worth $123,000 after buying an additional 845 shares during the last quarter. Bessemer Group Inc. increased its stake in Potash Corporation of Saskatchewan by 126.8% in the second quarter. Bessemer Group Inc. now owns 9,892 shares of the fertilizer maker’s stock worth $162,000 after buying an additional 5,530 shares during the last quarter. Finally, Marshall Wace North America L.P. purchased a new stake in Potash Corporation of Saskatchewan during the first quarter worth about $178,000. 60.42% of the stock is currently owned by institutional investors and hedge funds.

Shares of Potash Corporation of Saskatchewan Inc. (NYSE POT) traded up 0.97% during midday trading on Wednesday, hitting $17.68. The company’s stock had a trading volume of 2,713,459 shares. The firm has a 50-day moving average of $17.39 and a 200 day moving average of $17.18. Potash Corporation of Saskatchewan Inc. has a 12-month low of $15.72 and a 12-month high of $20.26. The firm has a market cap of $14.85 billion, a price-to-earnings ratio of 31.13 and a beta of 0.46.

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 the consensus estimate of $0.17 by $0.01. Potash Corporation of Saskatchewan had a return on equity of 5.19% and a net margin of 11.07%. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $982.05 million. During the same quarter in the prior year, the business earned $0.18 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. On average, equities research analysts predict that Potash Corporation of Saskatchewan Inc. will post $0.62 EPS for the current fiscal year.

A number of analysts have issued reports on the company. Stifel Nicolaus reaffirmed 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 reiterated a “hold” rating on shares of Potash Corporation of Saskatchewan in a report on Sunday. Zacks Investment Research cut Potash Corporation of Saskatchewan from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Scotiabank reiterated a “sector perform” rating and issued a $20.00 target price on shares of Potash Corporation of Saskatchewan in a report on Friday, April 28th. Finally, TD Securities reiterated a “hold” rating and issued a $17.50 target price on shares of Potash Corporation of Saskatchewan in a report on Friday, April 28th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price 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.