Garner Asset Management Corp lowered its position in Mosaic Co (NYSE:MOS) by 1.4% in the first quarter, HoldingsChannel.com reports. The fund owned 39,772 shares of the basic materials company’s stock after selling 550 shares during the quarter. Garner Asset Management Corp’s holdings in Mosaic were worth $1,086,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the business. Private Capital Group LLC raised its position in shares of Mosaic by 50.8% during the 4th quarter. Private Capital Group LLC now owns 1,203 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 405 shares during the last quarter. Berman Capital Advisors LLC acquired a new position in shares of Mosaic during the 4th quarter worth about $39,000. CWM LLC raised its position in shares of Mosaic by 2,795.7% during the 1st quarter. CWM LLC now owns 2,027 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 1,957 shares during the last quarter. Exane Asset Management acquired a new position in shares of Mosaic during the 4th quarter worth about $72,000. Finally, Oregon Public Employees Retirement Fund raised its position in shares of Mosaic by 3,480.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,688,263 shares of the basic materials company’s stock worth $161,000 after purchasing an additional 4,557,338 shares during the last quarter. Institutional investors and hedge funds own 78.40% of the company’s stock.

Shares of Mosaic stock traded down $0.33 during mid-day trading on Tuesday, hitting $26.83. The stock had a trading volume of 4,607,600 shares, compared to its average volume of 3,930,584. Mosaic Co has a 12-month low of $25.51 and a 12-month high of $37.37. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.71 and a quick ratio of 0.79. The stock has a market cap of $10.12 billion, a price-to-earnings ratio of 12.66, a price-to-earnings-growth ratio of 1.68 and a beta of 1.46.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Monday, February 25th. The basic materials company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.20. Mosaic had a net margin of 4.90% and a return on equity of 7.71%. The business had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter in the prior year, the company posted ($1.23) EPS. The business’s revenue for the quarter was up 20.5% on a year-over-year basis. Equities analysts expect that Mosaic Co will post 2.31 earnings per share for the current fiscal year.

Several research analysts recently weighed in on the stock. Royal Bank of Canada reduced their price target on shares of Mosaic from $45.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, April 4th. Zacks Investment Research downgraded shares of Mosaic from a “buy” rating to a “hold” rating in a research report on Tuesday, January 29th. Stifel Nicolaus upped their price target on shares of Mosaic from $31.00 to $33.00 and gave the stock a “hold” rating in a research report on Tuesday, April 9th. BMO Capital Markets reduced their price target on shares of Mosaic from $34.00 to $32.00 and set a “market perform” rating for the company in a research report on Friday, March 29th. Finally, Bank of America reiterated a “buy” rating and issued a $34.00 price objective (down previously from $38.00) on shares of Mosaic in a report on Thursday, April 18th. Eleven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Mosaic currently has a consensus rating of “Hold” and a consensus target price of $35.47.

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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 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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Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

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