Assetmark Inc. Acquires 31,600 Shares of Compass Minerals International, Inc. $CMP

Assetmark Inc. boosted its holdings in Compass Minerals International, Inc. (NYSE:CMP) by 41.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 107,574 shares of the basic materials company’s stock after buying an additional 31,600 shares during the quarter. Assetmark Inc.’s holdings in Compass Minerals International were worth $2,065,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Royal Bank of Canada lifted its holdings in shares of Compass Minerals International by 10.5% in the first quarter. Royal Bank of Canada now owns 49,928 shares of the basic materials company’s stock worth $464,000 after acquiring an additional 4,740 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Compass Minerals International by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,665 shares of the basic materials company’s stock valued at $192,000 after purchasing an additional 858 shares during the last quarter. CWM LLC lifted its stake in Compass Minerals International by 95.0% in the 2nd quarter. CWM LLC now owns 1,363 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 664 shares during the last quarter. AlphaQuest LLC boosted its position in Compass Minerals International by 68.2% in the second quarter. AlphaQuest LLC now owns 11,620 shares of the basic materials company’s stock valued at $233,000 after buying an additional 4,711 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Compass Minerals International by 14.0% during the second quarter. Envestnet Asset Management Inc. now owns 56,085 shares of the basic materials company’s stock worth $1,127,000 after buying an additional 6,894 shares during the last quarter. Institutional investors and hedge funds own 99.78% of the company’s stock.

Compass Minerals International Stock Up 3.7%

Shares of NYSE:CMP opened at $23.69 on Thursday. The company has a current ratio of 2.59, a quick ratio of 1.53 and a debt-to-equity ratio of 3.39. The stock has a fifty day simple moving average of $22.23 and a two-hundred day simple moving average of $19.91. Compass Minerals International, Inc. has a 12-month low of $8.60 and a 12-month high of $27.00. The stock has a market capitalization of $991.83 million, a price-to-earnings ratio of -25.75 and a beta of 1.17.

Compass Minerals International (NYSE:CMP) last posted its quarterly earnings results on Wednesday, February 4th. The basic materials company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.32. Compass Minerals International had a negative net margin of 2.82% and a positive return on equity of 8.69%. The firm had revenue of $396.10 million for the quarter, compared to analysts’ expectations of $329.23 million. During the same quarter in the prior year, the company posted ($0.55) earnings per share. The business’s revenue for the quarter was up 28.9% on a year-over-year basis. On average, research analysts anticipate that Compass Minerals International, Inc. will post -0.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CMP has been the subject of a number of research reports. Compass Point set a $22.00 price target on Compass Minerals International in a research note on Tuesday, December 16th. Wall Street Zen upgraded Compass Minerals International from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Zacks Research upgraded Compass Minerals International from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Compass Minerals International in a report on Wednesday, January 21st. Finally, Loop Capital set a $24.00 target price on shares of Compass Minerals International in a research report on Tuesday, December 30th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $22.00.

Compass Minerals International Company 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.