Compass Minerals International, Inc. (NYSE:CMP) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its position in shares of Compass Minerals International, Inc. (NYSE:CMP) by 34.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,035 shares of the basic materials company’s stock after buying an additional 4,096 shares during the quarter. Victory Capital Management Inc.’s holdings in Compass Minerals International were worth $406,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its stake in shares of Compass Minerals International by 156.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,239 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 756 shares in the last quarter. Ulland Investment Advisors LLC raised its holdings in shares of Compass Minerals International by 116.9% during the fourth quarter. Ulland Investment Advisors LLC now owns 4,490 shares of the basic materials company’s stock valued at $114,000 after acquiring an additional 2,420 shares during the last quarter. Studio Investment Management LLC lifted its position in shares of Compass Minerals International by 157.0% in the third quarter. Studio Investment Management LLC now owns 5,934 shares of the basic materials company’s stock valued at $166,000 after acquiring an additional 3,625 shares in the last quarter. Equitable Trust Co. boosted its stake in shares of Compass Minerals International by 8.9% in the third quarter. Equitable Trust Co. now owns 7,270 shares of the basic materials company’s stock worth $203,000 after acquiring an additional 594 shares during the last quarter. Finally, Harbour Trust & Investment Management Co purchased a new stake in shares of Compass Minerals International during the fourth quarter worth approximately $213,000. Institutional investors and hedge funds own 99.78% of the company’s stock.

Compass Minerals International Trading Up 0.5 %

CMP opened at $12.52 on Friday. The company has a debt-to-equity ratio of 2.25, a current ratio of 2.98 and a quick ratio of 1.15. The stock has a market capitalization of $517.45 million, a price-to-earnings ratio of -5.99, a PEG ratio of 0.91 and a beta of 1.17. The business has a fifty day moving average price of $13.95 and a 200 day moving average price of $19.98. Compass Minerals International, Inc. has a 12 month low of $11.85 and a 12 month high of $39.78.

Compass Minerals International (NYSE:CMP) last released its quarterly earnings data on Tuesday, May 7th. The basic materials company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $1.26. The business had revenue of $364.00 million during the quarter, compared to analysts’ expectations of $386.97 million. Compass Minerals International had a negative net margin of 7.47% and a positive return on equity of 22.03%. The company’s revenue for the quarter was down 11.5% on a year-over-year basis. During the same period in the previous year, the company earned ($0.46) EPS. Sell-side analysts expect that Compass Minerals International, Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CMP shares. Loop Capital raised shares of Compass Minerals International from a “hold” rating to a “buy” rating and lowered their target price for the stock from $26.00 to $23.00 in a research note on Friday, April 26th. JPMorgan Chase & Co. lowered their price target on shares of Compass Minerals International from $24.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, February 9th. Finally, BMO Capital Markets cut their price objective on shares of Compass Minerals International from $25.00 to $20.00 and set a “market perform” rating for the company in a report on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $31.00.

Compass Minerals International Company Profile

Compass Minerals International, Inc, provides essential minerals in the United States, Canada, the United Kingdom, and internationally. It operates through two segments, Salt and Plant Nutrition. The Salt segment produces, markets, and sells sodium chloride and magnesium chloride, including rock salt, mechanically and solar evaporated salt, and brine and flake magnesium chloride products; and purchases potassium chloride and calcium chloride to sell as finished products or to blend with sodium chloride to produce specialty products.