Dimensional Fund Advisors LP increased its position in shares of Compass Minerals International, Inc. (NYSE:CMP – Free Report) by 18.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 913,683 shares of the basic materials company’s stock after purchasing an additional 140,918 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.18% of Compass Minerals International worth $21,333,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Martingale Asset Management L P grew its position in shares of Compass Minerals International by 1.7% in the fourth quarter. Martingale Asset Management L P now owns 36,832 shares of the basic materials company’s stock valued at $723,000 after purchasing an additional 606 shares in the last quarter. Comerica Bank lifted its position in Compass Minerals International by 80.0% during the fourth quarter. Comerica Bank now owns 1,868 shares of the basic materials company’s stock worth $37,000 after buying an additional 830 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Compass Minerals International by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,665 shares of the basic materials company’s stock worth $192,000 after buying an additional 858 shares in the last quarter. Deutsche Bank AG boosted its stake in Compass Minerals International by 4.5% during the fourth quarter. Deutsche Bank AG now owns 26,692 shares of the basic materials company’s stock worth $524,000 after buying an additional 1,141 shares during the last quarter. Finally, Swiss National Bank boosted its stake in Compass Minerals International by 2.0% during the fourth quarter. Swiss National Bank now owns 69,950 shares of the basic materials company’s stock worth $1,374,000 after buying an additional 1,400 shares during the last quarter. Hedge funds and other institutional investors own 99.78% of the company’s stock.
Analysts Set New Price Targets
Several research firms recently issued reports on CMP. JPMorgan Chase & Co. upgraded shares of Compass Minerals International from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $20.00 to $30.00 in a research report on Thursday, May 14th. Wall Street Zen cut shares of Compass Minerals International from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Compass Point set a $30.00 price target on shares of Compass Minerals International in a research report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $35.00 price objective on shares of Compass Minerals International in a report on Wednesday, May 27th. Finally, Weiss Ratings raised Compass Minerals International from a “sell (d)” rating to a “sell (d+)” rating in a research note 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 issued a Sell rating to the company. According to MarketBeat.com, Compass Minerals International presently has an average rating of “Hold” and a consensus target price of $28.80.
Compass Minerals International Trading Down 14.6%
Shares of NYSE:CMP opened at $25.64 on Friday. Compass Minerals International, Inc. has a 52 week low of $16.40 and a 52 week high of $34.50. The company’s 50 day moving average is $30.03 and its two-hundred day moving average is $26.88. The company has a market cap of $1.08 billion, a PE ratio of 59.63 and a beta of 1.23. The company has a current ratio of 2.06, a quick ratio of 1.34 and a debt-to-equity ratio of 2.60.
Compass Minerals International (NYSE:CMP – Get Free Report) last issued its earnings results on Wednesday, August 5th. The basic materials company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.08). Compass Minerals International had a return on equity of 12.84% and a net margin of 1.42%.The business had revenue of $215.30 million for the quarter, compared to analyst estimates of $207.75 million. During the same period last year, the business posted ($0.39) EPS. Compass Minerals International’s revenue was up .3% on a year-over-year basis. Equities analysts predict that Compass Minerals International, Inc. will post 0.82 earnings per share for the current fiscal year.
About Compass Minerals International
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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