Intech Investment Management LLC Purchases 270,915 Shares of The Mosaic Company (NYSE:MOS)

Intech Investment Management LLC grew its position in The Mosaic Company (NYSE:MOS) by 1,645.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 287,378 shares of the basic materials company’s stock after acquiring an additional 270,915 shares during the period. Intech Investment Management LLC’s holdings in Mosaic were worth $9,328,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Denali Advisors LLC raised its position in Mosaic by 100.5% in the 4th quarter. Denali Advisors LLC now owns 826 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 414 shares during the last quarter. Mather Group LLC. bought a new position in Mosaic in the 1st quarter worth approximately $40,000. Fidelis Capital Partners LLC bought a new position in Mosaic in the 1st quarter worth approximately $50,000. Janiczek Wealth Management LLC raised its position in Mosaic by 28.0% in the 4th quarter. Janiczek Wealth Management LLC now owns 1,455 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 318 shares during the last quarter. Finally, Quarry LP raised its position in Mosaic by 342.8% in the 4th quarter. Quarry LP now owns 1,625 shares of the basic materials company’s stock worth $58,000 after purchasing an additional 1,258 shares during the last quarter. Institutional investors own 77.54% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on MOS. Mizuho dropped their target price on shares of Mosaic from $34.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. Barclays dropped their target price on shares of Mosaic from $42.00 to $39.00 and set an “overweight” rating for the company in a research report on Monday, May 13th. Royal Bank of Canada decreased their price target on shares of Mosaic from $32.00 to $30.00 and set a “sector perform” rating for the company in a report on Monday, July 15th. Scotiabank decreased their price target on shares of Mosaic from $40.00 to $38.00 and set a “sector outperform” rating for the company in a report on Monday, May 6th. Finally, Piper Sandler decreased their price target on shares of Mosaic from $29.00 to $28.00 and set an “underweight” rating for the company in a report on Tuesday, June 11th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Mosaic currently has an average rating of “Hold” and an average target price of $37.60.

Mosaic Stock Performance

NYSE:MOS traded down $0.19 during mid-day trading on Friday, hitting $29.64. The stock had a trading volume of 2,600,474 shares, compared to its average volume of 4,562,421. The Mosaic Company has a twelve month low of $26.54 and a twelve month high of $42.81. The stock has a market cap of $9.53 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 1.63 and a beta of 1.41. The company’s 50 day simple moving average is $29.07 and its 200 day simple moving average is $30.69. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.51 and a current ratio of 1.16.

Mosaic (NYSE:MOS) last issued its earnings results on Wednesday, May 1st. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mosaic had a net margin of 6.07% and a return on equity of 8.23%. The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.88 billion. During the same quarter last year, the business posted $1.14 earnings per share. The company’s revenue for the quarter was down 25.7% on a year-over-year basis. On average, equities research analysts forecast that The Mosaic Company will post 2.59 earnings per share for the current year.

Mosaic Company 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.