Engineers Gate Manager LP Sells 84,132 Shares of The Mosaic Company $MOS

Key Points

• Engineers Gate Manager LP cut its Mosaic stake by 85.7%, selling 84,132 shares and retaining 14,000 shares valued at approximately $297,000.
• Other institutional investors made significant moves, including BlackRock’s new position worth about $524.5 million; institutional investors collectively own 77.54% of Mosaic.
• Mosaic’s latest quarterly results slightly beat EPS expectations at $0.13 but missed revenue estimates, with sales down 6% year over year. Analysts maintain a consensus “Hold” rating with an average price target of $27.17.

Engineers Gate Manager LP lowered its stake in shares of The Mosaic Company (NYSE:MOS - Free Report) by 85.7% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 14,000 shares of the basic materials company's stock after selling 84,132 shares during the period. Engineers Gate Manager LP's holdings in Mosaic were worth $297,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. bought a new position in Mosaic during the second quarter valued at about $524,484,000. Dimensional Fund Advisors LP grew its holdings in shares of Mosaic by 6.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 14,240,050 shares of the basic materials company's stock worth $363,110,000 after purchasing an additional 832,914 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Mosaic by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 8,479,395 shares of the basic materials company's stock valued at $203,916,000 after purchasing an additional 63,822 shares during the period. Donald Smith & CO. Inc. acquired a new position in shares of Mosaic in the second quarter valued at $163,662,000. Finally, Nykredit A S acquired a new position in shares of Mosaic in the second quarter valued at $108,329,000. Institutional investors own 77.54% of the company's stock.

Insider Transactions at Mosaic

In other Mosaic news, SVP Walter Precourt, III sold 23,000 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $22.12, for a total transaction of $508,760.00. Following the sale, the senior vice president owned 116,198 shares of the company's stock, valued at $2,570,299.76. This represents a 16.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.31% of the stock is currently owned by company insiders.

Mosaic Stock Down 2.8%

NYSE MOS opened at $23.04 on Friday. The stock's 50 day simple moving average is $23.69 and its 200 day simple moving average is $23.63. The Mosaic Company has a one year low of $19.80 and a one year high of $36.00. The firm has a market cap of $7.32 billion, a PE ratio of -11.40, a price-to-earnings-growth ratio of 5.40 and a beta of 0.83. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.34 and a quick ratio of 0.43.

Mosaic (NYSE:MOS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. The company had revenue of $2.82 billion for the quarter, compared to analyst estimates of $3.10 billion. Mosaic had a positive return on equity of 3.77% and a negative net margin of 5.21%.The business's revenue was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 earnings per share. As a group, sell-side analysts forecast that The Mosaic Company will post 0.43 earnings per share for the current fiscal year.

Mosaic Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 10th were given a dividend of $0.22 per share. The ex-dividend date was Thursday, September 10th. This represents a $0.88 annualized dividend and a yield of 3.8%. Mosaic's dividend payout ratio is -43.56%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on MOS shares. BNP Paribas Exane decreased their price target on shares of Mosaic from $29.00 to $27.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 1st. BMO Capital Markets reduced their price objective on shares of Mosaic from $31.00 to $30.00 and set an "outperform" rating for the company in a report on Tuesday, June 30th. Morgan Stanley decreased their target price on shares of Mosaic from $28.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Tuesday, June 30th. Zacks Research raised shares of Mosaic from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 21st. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Mosaic in a report on Friday, August 7th. Seven research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $27.17.

Mosaic Company Profile

The Mosaic Company NYSE: MOS is a global producer and marketer of concentrated phosphate and potash crop nutrients. Its products are used by farmers to replenish essential nutrients in soil and support agricultural yields. The company also produces animal feed ingredients and other phosphorus-based products derived from its phosphate operations.

Mosaic's operations span the production, processing, distribution and marketing of crop nutrients. Its phosphate business is supported by phosphate rock mining and processing operations, while its potash business includes mining and processing facilities in Canada and the United States.

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