Nucor Corp. (NYSE:NUE) was downgraded by Bank of America
Corp. from a “buy” rating to a “neutral” rating in a research report issued on
Wednesday.
Several institutional investors have recently added to or
reduced their stakes in NUE. Gulf International Bank UK Ltd raised its position
in Nucor Corp. by 2.5% in the fourth quarter. Gulf International Bank UK Ltd
now owns 94,029 shares of the company’s stock valued at $3,789,000 after buying
an additional 2,330 shares in the last quarter. Mizuho Trust & Banking Co.
Ltd. raised its position in Nucor Corp. by 0.3% in the fourth quarter. Mizuho
Trust & Banking Co. Ltd. now owns 480,039 shares of the company’s stock
valued at $19,365,000 after buying an additional 1,497 shares in the last
quarter. GAM Holding AG raised its position in Nucor Corp. by 9.5% in the
fourth quarter. GAM Holding AG now owns 46,552 shares of the company’s stock
valued at $1,876,000 after buying an additional 4,040 shares in the last
quarter. Vanguard Group Inc. raised its position in Nucor Corp. by 2.1% in the
fourth quarter. Vanguard Group Inc. now owns 19,190,256 shares of the company’s
stock valued at $773,367,000 after buying an additional 397,271 shares in the
last quarter. Finally, Robeco Institutional Asset Management B.V. raised its
position in Nucor Corp. by 150.3% in the fourth quarter. Robeco Institutional
Asset Management B.V. now owns 152,417 shares of the company’s stock valued at
$6,142,000 after buying an additional 91,513 shares in the last quarter.
Source: American Banking and Market News