Renaissance Technologies LLC lifted its holdings in shares of The Mosaic Company (NYSE:MOS) by 324.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,019,600 shares of the basic materials company’s stock after acquiring an additional 1,543,700 shares during the quarter. Renaissance Technologies LLC owned about 0.58% of The Mosaic worth $51,823,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of MOS. Dimensional Fund Advisors LP grew its position in shares of The Mosaic by 26.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,364,003 shares of the basic materials company’s stock valued at $94,211,000 after buying an additional 921,345 shares during the last quarter. Amundi Pioneer Asset Management Inc. acquired a new position in The Mosaic during the 4th quarter valued at about $23,318,000. Global Thematic Partners LLC lifted its stake in shares of The Mosaic by 49.9% in the 4th quarter. Global Thematic Partners LLC now owns 2,325,030 shares of the basic materials company’s stock worth $59,660,000 after acquiring an additional 773,747 shares during the period. Impala Asset Management LLC acquired a new stake in shares of The Mosaic in the 4th quarter worth approximately $17,184,000. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of The Mosaic by 39.9% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 2,050,174 shares of the basic materials company’s stock worth $44,264,000 after acquiring an additional 584,511 shares during the period. Institutional investors and hedge funds own 80.89% of the company’s stock.
MOS has been the subject of several recent research reports. JPMorgan Chase initiated coverage on shares of The Mosaic in a research note on Friday, January 12th. They set a “neutral” rating and a $26.00 target price for the company. Royal Bank of Canada boosted their price target on shares of The Mosaic from $24.00 to $28.00 and gave the company a “sector perform” rating in a report on Friday, January 12th. Zacks Investment Research lowered shares of The Mosaic from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. Cowen reiterated a “hold” rating and issued a $25.00 price objective on shares of The Mosaic in a research note on Friday, January 12th. Finally, Stephens assumed coverage on shares of The Mosaic in a research note on Friday, February 2nd. They set an “overweight” rating on the stock. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $25.84.
In other The Mosaic news, Director Kelvin R. Westbrook acquired 1,200 shares of the stock in a transaction dated Tuesday, February 27th. The shares were bought at an average cost of $27.63 per share, for a total transaction of $33,156.00. Following the completion of the acquisition, the director now directly owns 1,200 shares of the company’s stock, valued at $33,156. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.38% of the stock is owned by company insiders.
Shares of NYSE MOS traded down $0.97 during mid-day trading on Friday, hitting $24.22. The company’s stock had a trading volume of 3,972,174 shares, compared to its average volume of 4,997,713. The Mosaic Company has a one year low of $19.23 and a one year high of $29.20. The firm has a market capitalization of $8,460.28, a PE ratio of 22.22, a price-to-earnings-growth ratio of 2.50 and a beta of 1.28. The company has a current ratio of 2.27, a quick ratio of 1.51 and a debt-to-equity ratio of 0.51.
The Mosaic (NYSE:MOS) last released its quarterly earnings data on Monday, February 19th. The basic materials company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.07. The Mosaic had a negative net margin of 1.45% and a positive return on equity of 3.90%. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter last year, the firm earned $0.03 EPS. The Mosaic’s quarterly revenue was up 12.3% compared to the same quarter last year. equities research analysts anticipate that The Mosaic Company will post 1.38 earnings per share for the current fiscal year.
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The Mosaic Company Profile
The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients worldwide. The company operates through three segments: Phosphates, Potash, and International Distribution. 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.
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