OMERS ADMINISTRATION Corp increased its position in shares of Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) by 178.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 84,900 shares of the fertilizer maker’s stock after buying an additional 54,400 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Potash Corporation of Saskatchewan were worth $1,383,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of POT. First Eagle Investment Management LLC increased its position in Potash Corporation of Saskatchewan by 33.3% in the second quarter. First Eagle Investment Management LLC now owns 54,356,354 shares of the fertilizer maker’s stock worth $886,009,000 after buying an additional 13,588,283 shares in the last quarter. FMR LLC increased its position in Potash Corporation of Saskatchewan by 5.0% in the first quarter. FMR LLC now owns 26,859,993 shares of the fertilizer maker’s stock worth $458,893,000 after buying an additional 1,278,861 shares in the last quarter. Jarislowsky Fraser Ltd increased its position in Potash Corporation of Saskatchewan by 1.4% in the second quarter. Jarislowsky Fraser Ltd now owns 18,945,804 shares of the fertilizer maker’s stock worth $308,542,000 after buying an additional 254,401 shares in the last quarter. Vanguard Group Inc. increased its position in Potash Corporation of Saskatchewan by 2.1% in the first quarter. Vanguard Group Inc. now owns 18,774,536 shares of the fertilizer maker’s stock worth $320,669,000 after buying an additional 388,656 shares in the last quarter. Finally, Thornburg Investment Management Inc. increased its position in Potash Corporation of Saskatchewan by 1.2% in the first quarter. Thornburg Investment Management Inc. now owns 7,320,084 shares of the fertilizer maker’s stock worth $125,027,000 after buying an additional 84,037 shares in the last quarter. Hedge funds and other institutional investors own 56.97% of the company’s stock.

Shares of Potash Corporation of Saskatchewan Inc. (NYSE:POT) opened at 17.47 on Friday. The firm has a market capitalization of $14.68 billion, a PE ratio of 30.76 and a beta of 0.48. Potash Corporation of Saskatchewan Inc. has a 12-month low of $15.72 and a 12-month high of $20.26. The company’s 50-day moving average price is $17.59 and its 200 day moving average price is $17.07.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last announced its quarterly earnings data on Thursday, July 27th. The fertilizer maker reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by $0.01. Potash Corporation of Saskatchewan had a net margin of 11.07% and a return on equity of 5.19%. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $982.05 million. During the same period last year, the company posted $0.18 earnings per share. Potash Corporation of Saskatchewan’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, equities analysts forecast that Potash Corporation of Saskatchewan Inc. will post $0.62 earnings per share for the current year.

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A number of research analysts have weighed in on POT shares. Scotiabank upgraded Potash Corporation of Saskatchewan from a “sector perform” rating to an “outperform” rating and set a $20.00 price target for the company in a research note on Monday, July 10th. Royal Bank Of Canada reiterated a “buy” rating and set a $19.00 target price on shares of Potash Corporation of Saskatchewan in a research note on Tuesday, June 20th. Zacks Investment Research downgraded Potash Corporation of Saskatchewan from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. BMO Capital Markets reiterated a “hold” rating on shares of Potash Corporation of Saskatchewan in a research note on Sunday, August 13th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $19.00 target price (down from $20.00) on shares of Potash Corporation of Saskatchewan in a research note on Monday, July 10th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $18.18.

Potash Corporation of Saskatchewan Company Profile

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.

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

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