Triasima Portfolio Management inc. bought a new stake in The Mosaic Company (NYSE:MOS - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 20,755 shares of the basic materials company's stock, valued at approximately $561,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in Mosaic during the 4th quarter valued at about $97,363,000. Invesco Ltd. boosted its stake in Mosaic by 29.3% during the 4th quarter. Invesco Ltd. now owns 13,507,131 shares of the basic materials company's stock valued at $332,005,000 after purchasing an additional 3,058,243 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Mosaic by 24.2% during 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. Criteria Caixa S.A.U. acquired a new position in Mosaic during the 4th quarter valued at about $36,231,000. Finally, Victory Capital Management Inc. boosted its stake in Mosaic by 606.2% during the 1st quarter. Victory Capital Management Inc. now owns 1,389,335 shares of the basic materials company's stock valued at $37,526,000 after purchasing an additional 1,192,602 shares during the last quarter. 77.54% of the stock is owned by institutional investors.
Insider Buying and Selling
In related news, SVP Walter F. Precourt III sold 18,000 shares of the company'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 transaction, the senior vice president owned 128,546 shares in the company, valued at approximately $4,592,948.58. This represents a 12.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.50% of the company's stock.
Mosaic Stock Performance
Shares of NYSE MOS traded up $0.95 during midday trading on Friday, reaching $36.22. The company's stock had a trading volume of 4,523,216 shares, compared to its average volume of 4,850,797. The Mosaic Company has a 12-month low of $22.36 and a 12-month high of $38.23. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.12 and a quick ratio of 0.44. The firm has a 50 day moving average price of $35.80 and a 200-day moving average price of $29.93. The stock has a market capitalization of $11.49 billion, a P/E ratio of 19.91, a PEG ratio of 2.11 and a beta of 1.12.
Mosaic (NYSE:MOS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.45 by $0.04. Mosaic had a return on equity of 4.91% and a net margin of 3.32%. The business had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the prior year, the business earned $0.65 earnings per share. Mosaic's revenue for the quarter was down 2.2% on a year-over-year basis. As a group, equities analysts predict that The Mosaic Company will post 2.04 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the company. Barclays lifted their price target on Mosaic from $40.00 to $46.00 and gave the company an "overweight" rating in a research note on Monday, July 7th. Wall Street Zen upgraded Mosaic from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. Scotiabank reiterated an "outperform" rating on shares of Mosaic in a research note on Wednesday, May 14th. UBS Group lifted their price target on Mosaic from $28.00 to $31.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Finally, JPMorgan Chase & Co. lifted their price target on Mosaic from $29.00 to $35.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $35.58.
Check Out Our Latest Research Report on MOS
Mosaic Profile
(
Free Report)
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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