Connor Clark & Lunn Investment Management Ltd. Acquires Shares of 55,080 The Mosaic Company $MOS

Key Points

• Connor Clark & Lunn Investment Management Ltd. acquired a new stake in The Mosaic Company, purchasing 55,080 shares valued at approximately $1.49 million.
• Mosaic reported $0.51 earnings per share for its latest quarter, falling short of analysts' expectations of $0.71, with a revenue of $3.01 billion against a forecast of $3.11 billion.
• Institutional investors own 77.54% of Mosaic's stock, indicating significant institutional interest in the company.

Connor Clark & Lunn Investment Management Ltd. bought a new stake in The Mosaic Company (NYSE:MOS - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 55,080 shares of the basic materials company's stock, valued at approximately $1,488,000.

Several other hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in Mosaic by 24.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,041,218 shares of the basic materials company's stock valued at $271,382,000 after purchasing an additional 2,151,426 shares during the last quarter. Northern Trust Corp lifted its position in Mosaic by 5.9% during the fourth quarter. Northern Trust Corp now owns 5,171,642 shares of the basic materials company's stock worth $127,119,000 after acquiring an additional 287,493 shares during the last quarter. Two Sigma Advisers LP lifted its position in Mosaic by 21.7% during the fourth quarter. Two Sigma Advisers LP now owns 3,990,500 shares of the basic materials company's stock worth $98,086,000 after acquiring an additional 711,300 shares during the last quarter. Deutsche Bank AG lifted its position in Mosaic by 33.5% during the fourth quarter. Deutsche Bank AG now owns 3,672,283 shares of the basic materials company's stock worth $90,265,000 after acquiring an additional 921,924 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Mosaic by 6.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,595,452 shares of the basic materials company's stock worth $97,113,000 after acquiring an additional 226,856 shares during the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Mosaic

In related news, SVP Walter F. Precourt III sold 18,000 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $35.73, for a total value of $643,140.00. Following the transaction, the senior vice president owned 128,546 shares in the company, valued at $4,592,948.58. The trade was a 12.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.86% of the stock is currently owned by insiders.

Analysts Set New Price Targets

MOS has been the subject of several research reports. Oppenheimer restated an "outperform" rating and set a $43.00 price objective (up from $39.00) on shares of Mosaic in a research report on Tuesday, July 15th. Zacks Research upgraded Mosaic from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 14th. Wells Fargo & Company decreased their price target on Mosaic from $38.00 to $34.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 7th. CIBC lifted their price target on Mosaic from $32.00 to $33.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Finally, Wall Street Zen upgraded Mosaic from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $36.42.

Mosaic Trading Down 0.3%

Shares of Mosaic stock traded down $0.0850 during trading on Wednesday, hitting $32.1550. The company's stock had a trading volume of 1,326,795 shares, compared to its average volume of 5,556,389. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.44. The Mosaic Company has a 52 week low of $22.36 and a 52 week high of $38.23. The stock has a market cap of $10.21 billion, a price-to-earnings ratio of 10.90, a price-to-earnings-growth ratio of 1.50 and a beta of 1.12. The stock has a 50-day moving average price of $35.35 and a two-hundred day moving average price of $31.08.

Mosaic (NYSE:MOS - Get Free Report) last released its earnings results on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.20). The firm had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.11 billion. Mosaic had a net margin of 8.35% and a return on equity of 4.74%. Mosaic's quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.54 EPS. Equities research analysts anticipate that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Mosaic Profile

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.