Strs Ohio Trims Stock Position in Compass Minerals International, Inc. $CMP

Strs Ohio reduced its holdings in shares of Compass Minerals International, Inc. (NYSE:CMP) by 76.5% in the first quarter, Holdings Channel reports. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the business. Martingale Asset Management L P grew its holdings in Compass Minerals International by 1.7% during 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 during the period. Comerica Bank raised its stake in shares of Compass Minerals International by 80.0% in 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Compass Minerals International by 4.3% during 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 buying an additional 858 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Compass Minerals International by 4.5% during the 4th quarter. Deutsche Bank AG now owns 26,692 shares of the basic materials company’s stock valued at $524,000 after acquiring an additional 1,141 shares during the period. Finally, Swiss National Bank grew its stake in shares of Compass Minerals International by 2.0% during the 4th quarter. Swiss National Bank now owns 69,950 shares of the basic materials company’s stock valued at $1,374,000 after acquiring an additional 1,400 shares during the period. Institutional investors own 99.78% of the company’s stock.

Compass Minerals International Stock Up 0.1%

Shares of CMP stock opened at $29.86 on Monday. The company’s fifty day simple moving average is $29.99 and its two-hundred day simple moving average is $25.81. Compass Minerals International, Inc. has a 52 week low of $16.40 and a 52 week high of $34.50. The stock has a market cap of $1.25 billion, a P/E ratio of 199.05 and a beta of 1.24. The company has a quick ratio of 1.34, a current ratio of 2.06 and a debt-to-equity ratio of 2.60.

Compass Minerals International (NYSE:CMP) last issued its earnings results on Wednesday, May 6th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.04. The firm had revenue of $453.20 million for the quarter, compared to analysts’ expectations of $418.97 million. Compass Minerals International had a return on equity of 8.99% and a net margin of 0.55%.The business’s revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.63 earnings per share. Analysts predict that Compass Minerals International, Inc. will post 0.82 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CMP. Compass Point set a $30.00 target price on shares of Compass Minerals International in a research note on Thursday, May 14th. Zacks Research lowered shares of Compass Minerals International from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Weiss Ratings raised shares of Compass Minerals International from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, June 18th. JPMorgan Chase & Co. upgraded shares of Compass Minerals International from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $20.00 to $30.00 in a research report on Thursday, May 14th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $35.00 target price on shares of Compass Minerals International in a research note on Wednesday, May 27th. 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’s stock. According to data from MarketBeat, Compass Minerals International presently has an average rating of “Hold” and a consensus target price of $28.80.

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.