New York State Teachers Retirement System Sells 30,518 Shares of The Mosaic Company $MOS

New York State Teachers Retirement System trimmed its holdings in shares of The Mosaic Company (NYSE:MOS) by 10.6% in the first quarter, HoldingsChannel.com reports. The fund owned 256,929 shares of the basic materials company’s stock after selling 30,518 shares during the period. New York State Teachers Retirement System’s holdings in Mosaic were worth $6,552,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC lifted its holdings in shares of Mosaic by 632.6% in the third quarter. AQR Capital Management LLC now owns 8,447,324 shares of the basic materials company’s stock worth $291,348,000 after buying an additional 7,294,205 shares in the last quarter. Norges Bank purchased a new stake in Mosaic during the fourth quarter valued at about $103,129,000. Invesco Ltd. lifted its stake in Mosaic by 28.9% during the fourth quarter. Invesco Ltd. now owns 11,840,398 shares of the basic materials company’s stock worth $285,235,000 after purchasing an additional 2,653,969 shares during the last quarter. Merewether Investment Management LP bought a new stake in Mosaic during the second quarter worth about $72,380,000. Finally, Randolph Co Inc purchased a new position in shares of Mosaic in the 4th quarter worth about $33,264,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Royal Bank Of Canada upgraded Mosaic from a “sector perform” rating to an “outperform” rating and dropped their target price for the stock from $28.00 to $27.00 in a research report on Wednesday, May 13th. Berenberg Bank decreased their price target on shares of Mosaic from $28.00 to $27.00 and set a “hold” rating on the stock in a research note on Tuesday, May 19th. HSBC lowered their price objective on shares of Mosaic from $26.00 to $23.00 and set a “hold” rating for the company in a report on Thursday, June 18th. JPMorgan Chase & Co. reduced their target price on shares of Mosaic from $24.00 to $19.00 and set an “underweight” rating on the stock in a report on Tuesday, May 12th. Finally, Rothschild & Co Redburn began coverage on shares of Mosaic in a research report on Friday, June 26th. They set a “buy” rating and a $30.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $27.11.

Mosaic Price Performance

Shares of Mosaic stock opened at $21.16 on Wednesday. The company’s fifty day simple moving average is $22.28 and its two-hundred day simple moving average is $25.06. The Mosaic Company has a 12-month low of $19.80 and a 12-month high of $38.23. The firm has a market cap of $6.72 billion, a PE ratio of 162.74, a price-to-earnings-growth ratio of 2.52 and a beta of 0.82. The company has a quick ratio of 0.45, a current ratio of 1.25 and a debt-to-equity ratio of 0.36.

Mosaic (NYSE:MOS) last posted its earnings results on Monday, May 11th. The basic materials company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.15). The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.93 billion. Mosaic had a return on equity of 4.66% and a net margin of 0.36%.The business’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.49 earnings per share. As a group, equities analysts expect that The Mosaic Company will post 0.83 EPS for the current year.

Mosaic Profile

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.