Strs Ohio Sells 17,600 Shares of Compass Minerals International, Inc. $CMP

Strs Ohio lessened its position in shares of Compass Minerals International, Inc. (NYSE:CMP) by 76.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,400 shares of the basic materials company’s stock after selling 17,600 shares during the period. Strs Ohio’s holdings in Compass Minerals International were worth $126,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. SailingStone Capital Partners LLC increased its stake in shares of Compass Minerals International by 6.1% in the 4th quarter. SailingStone Capital Partners LLC now owns 5,414,067 shares of the basic materials company’s stock valued at $106,332,000 after acquiring an additional 308,957 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Compass Minerals International by 14.7% in the 3rd quarter. Vanguard Group Inc. now owns 2,775,116 shares of the basic materials company’s stock valued at $53,282,000 after buying an additional 354,960 shares during the period. Ewing Morris & Co. Investment Partners Ltd. raised its stake in Compass Minerals International by 201.7% during the 2nd quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 1,280,648 shares of the basic materials company’s stock worth $25,728,000 after buying an additional 856,149 shares during the period. Gumshoe Capital Management LLC acquired a new stake in Compass Minerals International in the fourth quarter valued at approximately $24,842,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Compass Minerals International by 17.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 800,364 shares of the basic materials company’s stock worth $15,719,000 after purchasing an additional 121,634 shares in the last quarter. Institutional investors own 99.78% of the company’s stock.

Analyst Upgrades and Downgrades

CMP has been the subject of a number of analyst reports. JPMorgan Chase & Co. upgraded shares of Compass Minerals International from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $20.00 to $30.00 in a report on Thursday, May 14th. Wall Street Zen lowered Compass Minerals International from a “buy” rating to a “hold” rating in a report on Sunday, July 5th. Compass Point set a $30.00 target price on Compass Minerals International in a research report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $35.00 price target on shares of Compass Minerals International in a report on Wednesday, May 27th. Finally, Weiss Ratings upgraded Compass Minerals International from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, June 18th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Compass Minerals International currently has a consensus rating of “Hold” and a consensus price target of $28.80.

Compass Minerals International Trading Up 0.1%

CMP stock opened at $29.86 on Monday. The company has a market capitalization of $1.25 billion, a PE ratio of 199.05 and a beta of 1.24. 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 company’s 50 day moving average price is $29.99 and its two-hundred day moving average price is $25.81.

Compass Minerals International (NYSE:CMP) last released its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.63 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 business had revenue of $453.20 million during the quarter, compared to analyst estimates of $418.97 million. During the same quarter in the prior year, the company posted $0.63 EPS. Compass Minerals International’s quarterly revenue was down 8.4% compared to the same quarter last year. As a group, analysts predict that Compass Minerals International, Inc. will post 0.82 earnings per share for the current fiscal 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.