Aigen Investment Management LP Purchases 27,378 Shares of The Mosaic Company (NYSE:MOS)

Aigen Investment Management LP boosted its holdings in shares of The Mosaic Company (NYSE:MOS - Free Report) by 284.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,995 shares of the basic materials company's stock after purchasing an additional 27,378 shares during the quarter. Aigen Investment Management LP's holdings in Mosaic were worth $991,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sei Investments Co. grew its holdings in Mosaic by 32.4% during the 1st quarter. Sei Investments Co. now owns 176,748 shares of the basic materials company's stock valued at $5,736,000 after buying an additional 43,216 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Mosaic by 32.6% during the 1st quarter. Russell Investments Group Ltd. now owns 908,214 shares of the basic materials company's stock valued at $29,480,000 after buying an additional 223,432 shares in the last quarter. State Board of Administration of Florida Retirement System grew its holdings in Mosaic by 12.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 420,549 shares of the basic materials company's stock valued at $13,651,000 after buying an additional 46,721 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Mosaic by 25.3% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 399,210 shares of the basic materials company's stock valued at $12,958,000 after buying an additional 80,634 shares in the last quarter. Finally, Managed Asset Portfolios LLC grew its holdings in Mosaic by 2.6% during the 1st quarter. Managed Asset Portfolios LLC now owns 616,577 shares of the basic materials company's stock valued at $20,014,000 after buying an additional 15,652 shares in the last quarter. Institutional investors own 77.54% of the company's stock.

Mosaic Trading Up 1.0 %

MOS traded up $0.26 during trading hours on Wednesday, reaching $26.12. 5,095,869 shares of the company's stock traded hands, compared to its average volume of 4,359,350. The firm has a 50-day moving average price of $26.37 and a 200 day moving average price of $27.96. The Mosaic Company has a 52-week low of $24.11 and a 52-week high of $38.30. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $8.32 billion, a PE ratio of 23.12, a PEG ratio of 1.62 and a beta of 1.35.

Mosaic (NYSE:MOS - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.58 by ($0.24). Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The business had revenue of $2.81 billion for the quarter, compared to analysts' expectations of $3.17 billion. During the same quarter in the previous year, the firm earned $0.68 EPS. Mosaic's revenue was down 20.8% compared to the same quarter last year. As a group, sell-side analysts predict that The Mosaic Company will post 2.27 EPS for the current fiscal year.

Mosaic Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend was Thursday, September 5th. Mosaic's dividend payout ratio (DPR) is presently 74.34%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on MOS shares. Mizuho raised their price target on Mosaic from $28.00 to $29.00 and gave the company a "neutral" rating in a report on Wednesday. Royal Bank of Canada reiterated a "sector perform" rating and issued a $30.00 target price on shares of Mosaic in a report on Monday, August 12th. Wells Fargo & Company dropped their target price on Mosaic from $29.00 to $27.00 and set an "equal weight" rating for the company in a report on Tuesday, September 24th. Finally, Barclays dropped their target price on Mosaic from $32.00 to $30.00 and set an "overweight" rating for the company in a report on Friday, October 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $33.22.

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.