Timber Hill LLC trimmed its stake in shares of Potash Corporation of Saskatchewan Inc. (NYSE:POT) (TSE:POT) by 26.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,828 shares of the fertilizer maker’s stock after selling 9,858 shares during the period. Timber Hill LLC’s holdings in Potash Corporation of Saskatchewan were worth $516,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in POT. First Eagle Investment Management LLC lifted its position in shares of Potash Corporation of Saskatchewan by 33.3% during 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 purchasing an additional 13,588,283 shares in the last quarter. Jarislowsky Fraser Ltd lifted its position in shares of Potash Corporation of Saskatchewan by 42.5% during the third quarter. Jarislowsky Fraser Ltd now owns 26,998,779 shares of the fertilizer maker’s stock worth $518,539,000 after purchasing an additional 8,052,975 shares in the last quarter. Janus Henderson Group PLC acquired a new position in shares of Potash Corporation of Saskatchewan during the second quarter worth approximately $59,549,000. Renaissance Technologies LLC lifted its position in shares of Potash Corporation of Saskatchewan by 777.4% during the second quarter. Renaissance Technologies LLC now owns 3,513,263 shares of the fertilizer maker’s stock worth $57,266,000 after purchasing an additional 3,112,864 shares in the last quarter. Finally, Schroder Investment Management Group raised its stake in shares of Potash Corporation of Saskatchewan by 2,582.5% during the second quarter. Schroder Investment Management Group now owns 2,905,142 shares of the fertilizer maker’s stock worth $61,327,000 after buying an additional 2,796,842 shares during the last quarter. Institutional investors own 57.71% of the company’s stock.

WARNING: “Timber Hill LLC Trims Stake in Potash Corporation of Saskatchewan Inc. (POT)” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another website, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The original version of this article can be read at https://www.thecerbatgem.com/2017/11/16/timber-hill-llc-trims-stake-in-potash-corporation-of-saskatchewan-inc-pot.html.

A number of research firms recently weighed in on POT. UBS AG boosted their price target on shares of Potash Corporation of Saskatchewan from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. BMO Capital Markets reissued a “hold” rating on shares of Potash Corporation of Saskatchewan in a research note on Sunday, August 13th. Royal Bank Of Canada reissued a “buy” rating and set a $19.00 price target on shares of Potash Corporation of Saskatchewan in a research note on Friday, July 28th. Stifel Nicolaus reissued a “buy” rating and set a $20.50 price target on shares of Potash Corporation of Saskatchewan in a research note on Thursday, September 14th. Finally, TD Securities raised shares of Potash Corporation of Saskatchewan from a “hold” rating to a “buy” rating and boosted their price target for the stock from $17.50 to $24.00 in a research note on Thursday, September 28th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Potash Corporation of Saskatchewan presently has a consensus rating of “Buy” and a consensus price target of $19.94.

Shares of Potash Corporation of Saskatchewan Inc. (NYSE:POT) traded down $0.15 during trading hours on Thursday, reaching $18.75. 3,589,600 shares of the company’s stock traded hands, compared to its average volume of 4,911,864. Potash Corporation of Saskatchewan Inc. has a 1 year low of $15.74 and a 1 year high of $20.26. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.99 and a quick ratio of 0.50. The company has a market capitalization of $16,100.00, a P/E ratio of 37.80, a PEG ratio of 4.62 and a beta of 0.46.

Potash Corporation of Saskatchewan (NYSE:POT) (TSE:POT) last released its quarterly earnings results on Thursday, October 26th. The fertilizer maker reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.03). The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.03 billion. Potash Corporation of Saskatchewan had a net margin of 10.21% and a return on equity of 5.01%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.10 EPS. equities analysts forecast that Potash Corporation of Saskatchewan Inc. will post 0.63 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Friday, September 29th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend was Thursday, September 28th. Potash Corporation of Saskatchewan’s dividend payout ratio (DPR) is presently 75.47%.

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)

Receive News & Stock Ratings for Potash Corporation of Saskatchewan Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Potash Corporation of Saskatchewan Inc. and related stocks with our FREE daily email newsletter.