Bank of America Downgraded Nucor Corp. (NUE)


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.




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