New York State Common Retirement Fund Has $6.09 Million Stake in The Mosaic Company (NYSE:MOS)

New York State Common Retirement Fund grew its position in The Mosaic Company (NYSE:MOS - Free Report) by 20.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 225,271 shares of the basic materials company's stock after buying an additional 37,500 shares during the quarter. New York State Common Retirement Fund owned 0.07% of Mosaic worth $6,085,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. raised its stake in Mosaic by 36.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 56,284 shares of the basic materials company's stock worth $1,520,000 after acquiring an additional 14,943 shares in the last quarter. Yousif Capital Management LLC grew its position in Mosaic by 1.3% during the 1st quarter. Yousif Capital Management LLC now owns 53,172 shares of the basic materials company's stock worth $1,436,000 after acquiring an additional 685 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in Mosaic in the first quarter valued at about $1,119,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of Mosaic by 19.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 47,186 shares of the basic materials company's stock valued at $1,275,000 after buying an additional 7,828 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its position in Mosaic by 0.8% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 116,101 shares of the basic materials company's stock worth $3,136,000 after buying an additional 868 shares during the period. Institutional investors own 77.54% of the company's stock.

Insider Buying and Selling at Mosaic

In related news, SVP Walter F. Precourt III sold 18,000 shares of the stock in a transaction dated Thursday, May 29th. The shares were 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 in the company, valued at $4,592,948.58. This trade represents a 12.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.86% of the company's stock.

Mosaic Stock Performance

Mosaic stock opened at $36.22 on Monday. The firm has a fifty day simple moving average of $35.80 and a two-hundred day simple moving average of $29.97. The company has a quick ratio of 0.44, a current ratio of 1.12 and a debt-to-equity ratio of 0.28. The Mosaic Company has a twelve month low of $22.36 and a twelve month high of $38.23. The company has a market capitalization of $11.49 billion, a PE ratio of 31.22, a P/E/G ratio of 2.07 and a beta of 1.12.

Mosaic (NYSE:MOS - Get Free Report) last issued its earnings results on Tuesday, May 6th. The basic materials company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.45 by $0.04. The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.70 billion. Mosaic had a net margin of 3.32% and a return on equity of 4.91%. The firm's revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.65 earnings per share. Research analysts expect that The Mosaic Company will post 2.04 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on MOS shares. 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. Royal Bank Of Canada restated an "outperform" rating on shares of Mosaic in a research report on Monday, July 14th. Wells Fargo & Company lifted their target price on shares of Mosaic from $35.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Thursday. Barclays upped their price target on shares of Mosaic from $40.00 to $46.00 and gave the company an "overweight" rating in a research report on Monday, July 7th. Finally, Piper Sandler reissued a "neutral" rating and issued a $30.00 price objective on shares of Mosaic in a research note on Thursday, March 27th. Six analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $35.58.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.