Triasima Portfolio Management inc. Purchases New Shares in The Mosaic Company (NYSE:MOS)

Triasima Portfolio Management inc. bought a new stake in shares of The Mosaic Company (NYSE:MOS - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 20,755 shares of the basic materials company's stock, valued at approximately $561,000.

Several other institutional investors have also made changes to their positions in the business. Proficio Capital Partners LLC acquired a new position in Mosaic in the fourth quarter valued at about $1,054,000. Raymond James Financial Inc. bought a new stake in shares of Mosaic during the fourth quarter worth approximately $3,599,000. Natixis Advisors LLC raised its stake in shares of Mosaic by 65.9% during the fourth quarter. Natixis Advisors LLC now owns 18,506 shares of the basic materials company's stock worth $455,000 after buying an additional 7,352 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in Mosaic during the fourth quarter valued at approximately $2,832,000. Finally, Cibc World Markets Corp grew its holdings in Mosaic by 296.5% during the fourth quarter. Cibc World Markets Corp now owns 172,178 shares of the basic materials company's stock valued at $4,232,000 after purchasing an additional 128,749 shares during the period. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Mosaic Price Performance

Shares of MOS stock traded up $0.83 during trading hours on Friday, hitting $36.10. 1,876,377 shares of the company's stock were exchanged, compared to its average volume of 4,826,860. The company has a market capitalization of $11.45 billion, a PE ratio of 31.11, a PEG ratio of 2.07 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 business's 50 day simple moving average is $35.72 and its 200-day simple moving average is $29.81. The company has a current ratio of 1.12, a quick ratio of 0.44 and a debt-to-equity ratio of 0.28.

Mosaic (NYSE:MOS - Get Free Report) last posted its quarterly 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 firm 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 business's revenue was down 2.2% compared to the same quarter last year. During the same period last year, the firm posted $0.65 earnings per share. On average, equities research analysts anticipate that The Mosaic Company will post 2.04 earnings per share for the current year.

Insider Activity

In other news, SVP Walter F. Precourt III sold 18,000 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The shares were 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 trade represents a 12.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MOS. Wall Street Zen upgraded shares of Mosaic from a "hold" rating to a "buy" rating in a report on Saturday, July 5th. Oppenheimer reiterated an "outperform" rating and issued a $43.00 price target (up previously from $39.00) on shares of Mosaic in a report on Tuesday. UBS Group upped their price target on shares of Mosaic from $28.00 to $31.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. CIBC upped their price target on shares of Mosaic from $32.00 to $33.00 and gave the company a "neutral" rating in a report on Friday, May 9th. Finally, BNP Paribas upgraded shares of Mosaic to a "strong-buy" rating in a report on Wednesday, April 9th. Six investment 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 company. Based on data from MarketBeat.com, Mosaic presently has an average 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.