SG Americas Securities LLC lowered its position in Compass Minerals International, Inc. (NYSE:CMP – Free Report) by 75.4% during the 1st quarter, HoldingsChannel reports. The fund owned 11,126 shares of the basic materials company’s stock after selling 34,102 shares during the period. SG Americas Securities LLC’s holdings in Compass Minerals International were worth $260,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in CMP. Comerica Bank grew its holdings in Compass Minerals International by 80.0% during the 4th quarter. Comerica Bank now owns 1,868 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 830 shares during the last quarter. Headlands Technologies LLC bought a new stake in Compass Minerals International in the second quarter worth about $83,000. Los Angeles Capital Management LLC bought a new stake in Compass Minerals International in the fourth quarter worth about $122,000. Vestcor Inc purchased a new position in shares of Compass Minerals International during the third quarter valued at approximately $158,000. Finally, CANADA LIFE ASSURANCE Co boosted its position in shares of Compass Minerals International by 194.5% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 9,393 shares of the basic materials company’s stock valued at $185,000 after buying an additional 6,204 shares during the period. 99.78% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the company. Wall Street Zen downgraded Compass Minerals International from a “buy” rating to a “hold” rating in a report on Sunday, July 5th. Zacks Research cut Compass Minerals International from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Compass Point set a $30.00 price objective on Compass Minerals International in a research report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $35.00 target price on shares of Compass Minerals International in a research note on Wednesday, May 27th. Finally, Weiss Ratings upgraded Compass Minerals International from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, June 18th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $28.80.
Compass Minerals International Stock Performance
Shares of NYSE:CMP opened at $29.86 on Friday. The firm’s 50 day simple moving average is $29.99 and its 200-day simple moving average is $25.77. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.34 and a current ratio of 2.06. Compass Minerals International, Inc. has a one year low of $16.40 and a one year high of $34.50. The firm has a market cap of $1.25 billion, a PE ratio of 199.05 and a beta of 1.24.
Compass Minerals International (NYSE:CMP – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. Compass Minerals International had a return on equity of 8.99% and a net margin of 0.55%.The firm had revenue of $453.20 million during the quarter, compared to analyst estimates of $418.97 million. During the same quarter in the previous year, the business earned $0.63 earnings per share. Compass Minerals International’s quarterly revenue was down 8.4% on a year-over-year basis. As a group, equities analysts predict that Compass Minerals International, Inc. will post 0.82 EPS for the current year.
Compass Minerals International Profile
Compass Minerals International, Inc is a global producer of essential mineral-based products, primarily known for its salt and plant nutrition portfolios. The company’s deicing salts are used by municipalities and commercial customers across North America to maintain safer roadways in winter months. In addition, its water conditioning salts serve both residential and industrial users, supporting water treatment systems that remove hard minerals to protect plumbing and equipment.
Beyond conventional salt products, Compass Minerals has developed a specialty plant nutrition business focused on sulfate of potash (SOP), a premium fertilizer that provides both potassium and sulfur to crops.
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