Potash Corporation of Saskatchewan Inc. (POT) Position Maintained by First Manhattan Co.

First Manhattan Co. maintained its stake in Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 9,150 shares of the fertilizer maker’s stock at the end of the second quarter. First Manhattan Co.’s holdings in Potash Corporation of Saskatchewan were worth $149,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the stock. Bessemer Group Inc. boosted 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 period. CAPROCK Group Inc. acquired a new stake in Potash Corporation of Saskatchewan during the second quarter worth approximately $236,000. Deroy & Devereaux Private Investment Counsel Inc. boosted its stake in Potash Corporation of Saskatchewan by 100.0% in the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 24,000 shares of the fertilizer maker’s stock worth $391,000 after buying an additional 12,000 shares during the period. Beck Mack & Oliver LLC boosted its stake in Potash Corporation of Saskatchewan by 12.0% in the second quarter. Beck Mack & Oliver LLC now owns 611,660 shares of the fertilizer maker’s stock worth $9,970,000 after buying an additional 65,300 shares during the period. Finally, Cornerstone Advisors Inc. boosted 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 period. Hedge funds and other institutional investors own 59.07% of the company’s stock.

Potash Corporation of Saskatchewan Inc. (NYSE:POT) opened at 17.52 on Friday. The stock has a market capitalization of $14.72 billion, a price-to-earnings ratio of 30.85 and a beta of 0.46. Potash Corporation of Saskatchewan Inc. has a 1-year low of $15.72 and a 1-year high of $20.27. The firm has a 50-day moving average of $17.33 and a 200-day moving average of $17.24.

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. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.18 earnings per share. Equities research analysts anticipate that Potash Corporation of Saskatchewan Inc. will post $0.60 EPS for the current year.

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A number of research firms have recently commented on POT. BMO Capital Markets restated a “hold” rating on shares of Potash Corporation of Saskatchewan in a research report on Sunday. Stifel Nicolaus restated a “buy” rating and set a $20.50 target price on shares of Potash Corporation of Saskatchewan in a research report on Friday. Royal Bank Of Canada restated a “buy” rating and set a $19.00 target price on shares of Potash Corporation of Saskatchewan in a research report on Friday, July 28th. Cowen and Company set a $16.00 target price on Potash Corporation of Saskatchewan and gave the company a “hold” rating in a research report on Thursday, July 27th. Finally, Zacks Investment Research cut Potash Corporation of Saskatchewan from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average 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.

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

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