Trexquant Investment LP Makes New Investment in The Mosaic Company $MOS

Key Points

• Trexquant Investment LP has made a new investment in The Mosaic Company, purchasing over 46,000 shares valued at approximately $1.25 million.
• Mosaic reported a disappointing quarterly earnings result, with earnings per share of $0.51, missing the consensus estimate by $0.20 and experiencing a revenue shortfall compared to analyst expectations.
• The company plans to pay a quarterly dividend of $0.22 per share on September 18th, representing an annualized yield of 2.7% with a payout ratio of 29.83%.

Trexquant Investment LP purchased a new position in The Mosaic Company (NYSE:MOS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 46,193 shares of the basic materials company's stock, valued at approximately $1,248,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in shares of Mosaic by 4.1% in 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 purchasing an additional 456,327 shares during the period. Boston Partners lifted its position in shares of Mosaic by 42.2% in the 1st quarter. Boston Partners now owns 7,979,380 shares of the basic materials company's stock worth $215,540,000 after purchasing an additional 2,368,094 shares during the period. Two Sigma Advisers LP lifted its position in shares of Mosaic by 21.7% in the 4th 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 during the period. Deutsche Bank AG lifted its position in shares of Mosaic by 33.5% in the 4th quarter. Deutsche Bank AG now owns 3,672,283 shares of the basic materials company's stock worth $90,265,000 after purchasing an additional 921,924 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Mosaic by 6.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,595,452 shares of the basic materials company's stock worth $97,113,000 after purchasing an additional 226,856 shares during the period. Institutional investors and hedge funds own 77.54% of the company's stock.

Mosaic Stock Performance

MOS opened at $32.42 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.44 and a debt-to-equity ratio of 0.26. The company's fifty day moving average price is $34.66 and its two-hundred day moving average price is $31.59. The Mosaic Company has a 1-year low of $22.36 and a 1-year high of $38.23. The company has a market cap of $10.29 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 1.52 and a beta of 0.99.

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

Mosaic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Monday, September 8th will be issued a dividend of $0.22 per share. The ex-dividend date is Monday, September 8th. This represents a $0.88 annualized dividend and a yield of 2.7%. Mosaic's dividend payout ratio is presently 29.83%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company dropped their price target on shares of Mosaic from $38.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 7th. Scotiabank dropped their target price on shares of Mosaic from $42.00 to $39.00 and set a "sector outperform" rating on the stock in a research report on Monday, August 11th. CIBC boosted their target price on shares of Mosaic from $32.00 to $33.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. JPMorgan Chase & Co. boosted their target price on shares of Mosaic from $35.00 to $37.00 and gave the company an "overweight" rating in a research report on Monday, August 11th. Finally, Royal Bank Of Canada reiterated an "outperform" rating on shares of Mosaic in a research report on Monday, July 14th. Two equities research 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's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $36.42.

About Mosaic

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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