Envestnet Asset Management Inc. boosted its holdings in The Mosaic Company (NYSE:MOS) by 613.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,971 shares of the basic materials company’s stock after purchasing an additional 76,494 shares during the quarter. Envestnet Asset Management Inc.’s holdings in The Mosaic were worth $2,283,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. SeaCrest Wealth Management LLC acquired a new position in The Mosaic in the fourth quarter worth $106,000. Cerebellum GP LLC acquired a new position in The Mosaic in the fourth quarter worth $130,000. Stuart Chaussee & Associates Inc. acquired a new position in The Mosaic in the fourth quarter worth $138,000. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in The Mosaic by 60.3% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,000 shares of the basic materials company’s stock worth $154,000 after purchasing an additional 2,257 shares during the period. Finally, Calton & Associates Inc. acquired a new position in The Mosaic in the fourth quarter worth $181,000. 80.89% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Kelvin R. Westbrook acquired 1,200 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were acquired at an average cost of $27.63 per share, for a total transaction of $33,156.00. Following the completion of the purchase, the director now directly owns 1,200 shares in the company, valued at $33,156. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.38% of the company’s stock.
Shares of MOS opened at $24.22 on Friday. The Mosaic Company has a 1 year low of $19.23 and a 1 year high of $29.20. The firm has a market cap of $8,842.92, a PE ratio of 22.22, a PEG ratio of 2.61 and a beta of 1.28. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.27 and a quick ratio of 1.51.
The Mosaic (NYSE:MOS) last announced its quarterly earnings results on Monday, February 19th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the previous year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. analysts anticipate that The Mosaic Company will post 1.38 earnings per share for the current year.
A number of equities analysts have commented on the stock. Cowen raised shares of The Mosaic from a “market perform” rating to an “outperform” rating in a report on Monday, March 5th. Stephens assumed coverage on shares of The Mosaic in a report on Friday, February 2nd. They issued an “overweight” rating for the company. BMO Capital Markets reaffirmed a “market perform” rating and issued a $26.00 price objective (up previously from $24.00) on shares of The Mosaic in a report on Wednesday, February 21st. Bank of America lifted their price objective on shares of The Mosaic from $20.00 to $24.00 and gave the stock an “underperform” rating in a report on Wednesday, February 21st. Finally, Royal Bank of Canada lifted their price objective on shares of The Mosaic from $28.00 to $29.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 21st. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $25.84.
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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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