HITE Hedge Asset Management LLC Invests $10.87 Million in The Mosaic Company $MOS

Key Points

• HITE Hedge Asset Management LLC has acquired a new position in The Mosaic Company, purchasing 402,423 shares for approximately $10.87 million, representing a stake of about 0.13% as of the latest SEC filing.
• Mosaic's stock price saw a 1.2% increase, opening at $32.47, with a market capitalization of $10.31 billion and showing a 12-month high of $38.23.
• Analysts have mixed opinions on Mosaic's stock, with five analysts rating it as a hold, while eight have given it a buy rating, and the average consensus target price stands at $36.42.

HITE Hedge Asset Management LLC bought a new position in The Mosaic Company (NYSE:MOS - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 402,423 shares of the basic materials company's stock, valued at approximately $10,869,000. HITE Hedge Asset Management LLC owned approximately 0.13% of Mosaic as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of MOS. Dimensional Fund Advisors LP raised its stake in shares of Mosaic by 4.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 11,497,545 shares of the basic materials company's stock worth $310,549,000 after acquiring an additional 456,327 shares in the last quarter. Boston Partners boosted its stake in Mosaic by 42.2% in the first quarter. Boston Partners now owns 7,979,380 shares of the basic materials company's stock valued at $215,540,000 after acquiring an additional 2,368,094 shares in the last quarter. Northern Trust Corp grew its holdings in Mosaic by 5.9% in the fourth quarter. Northern Trust Corp now owns 5,171,642 shares of the basic materials company's stock worth $127,119,000 after purchasing an additional 287,493 shares during the last quarter. Two Sigma Advisers LP increased its position in shares of 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 purchasing an additional 711,300 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of Mosaic by 33.5% during the 4th quarter. Deutsche Bank AG now owns 3,672,283 shares of the basic materials company's stock valued at $90,265,000 after purchasing an additional 921,924 shares during the last quarter. 77.54% of the stock is owned by hedge funds and other institutional investors.

Mosaic Stock Up 1.2%

MOS stock opened at $32.47 on Monday. The company has a market capitalization of $10.31 billion, a P/E ratio of 11.01, a price-to-earnings-growth ratio of 1.51 and a beta of 1.12. The Mosaic Company has a 12 month low of $22.36 and a 12 month high of $38.23. The firm's fifty day simple moving average is $35.43 and its 200-day simple moving average is $31.04. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.44.

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MOS. UBS Group increased their price target on Mosaic from $45.00 to $46.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Wall Street Zen upgraded shares of Mosaic from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. Wells Fargo & Company decreased their price objective on shares of Mosaic from $38.00 to $34.00 and set an "equal weight" rating for the company in a research report on Thursday, August 7th. Barclays boosted their target price on shares of Mosaic from $40.00 to $46.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th. Finally, JPMorgan Chase & Co. raised their price target on shares of Mosaic from $35.00 to $37.00 and gave the stock an "overweight" rating in a report on Monday, August 11th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Mosaic has an average rating of "Moderate Buy" and a consensus target price of $36.42.

Insider Buying and Selling

In other Mosaic news, SVP Walter F. Precourt III sold 18,000 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $35.73, for a total value of $643,140.00. Following the completion of the transaction, the senior vice president directly owned 128,546 shares of the company's stock, valued at approximately $4,592,948.58. The trade was a 12.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.86% of the stock is currently owned by company insiders.

Mosaic Company 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.

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