Compass Minerals International, Inc. (CMP) Shares Sold by Kovack Advisors Inc.

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Kovack Advisors Inc. reduced its position in shares of Compass Minerals International, Inc. (NYSE:CMP) by 1.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,026 shares of the basic materials company’s stock after selling 202 shares during the quarter. Kovack Advisors Inc.’s holdings in Compass Minerals International were worth $460,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. First Mercantile Trust Co. bought a new stake in Compass Minerals International during the 4th quarter worth about $66,000. ETF Managers Group LLC raised its holdings in Compass Minerals International by 19.4% during the 4th quarter. ETF Managers Group LLC now owns 2,229 shares of the basic materials company’s stock worth $93,000 after purchasing an additional 362 shares during the last quarter. Dupont Capital Management Corp bought a new stake in Compass Minerals International during the 4th quarter worth about $93,000. Laurel Wealth Advisors Inc. bought a new stake in Compass Minerals International during the 3rd quarter worth about $201,000. Finally, Hsbc Holdings PLC bought a new stake in Compass Minerals International during the 3rd quarter worth about $201,000. 96.14% of the stock is owned by hedge funds and other institutional investors.

Shares of CMP stock opened at $53.67 on Thursday. The company has a debt-to-equity ratio of 2.47, a current ratio of 2.55 and a quick ratio of 1.32. The stock has a market capitalization of $1.80 billion, a PE ratio of 19.52 and a beta of 1.38. Compass Minerals International, Inc. has a one year low of $38.19 and a one year high of $71.25.

Compass Minerals International (NYSE:CMP) last announced its quarterly earnings results on Monday, February 11th. The basic materials company reported $1.41 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.38). The company had revenue of $486.50 million during the quarter, compared to the consensus estimate of $501.10 million. Compass Minerals International had a net margin of 0.91% and a return on equity of 12.10%. As a group, sell-side analysts expect that Compass Minerals International, Inc. will post 2.24 earnings per share for the current fiscal year.

In related news, CFO James D. Standen purchased 750 shares of the stock in a transaction dated Friday, December 7th. The stock was bought at an average cost of $47.75 per share, with a total value of $35,812.50. Following the purchase, the chief financial officer now directly owns 2,090 shares in the company, valued at approximately $99,797.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.94% of the company’s stock.

Several brokerages have weighed in on CMP. Zacks Investment Research raised Compass Minerals International from a “strong sell” rating to a “hold” rating in a report on Wednesday. ValuEngine cut Compass Minerals International from a “hold” rating to a “sell” rating in a report on Tuesday, October 23rd. Monness Crespi & Hardt dropped their price objective on Compass Minerals International from $76.00 to $63.00 and set a “buy” rating for the company in a report on Friday, November 2nd. BMO Capital Markets dropped their price objective on Compass Minerals International from $65.00 to $60.00 and set a “market perform” rating for the company in a report on Friday, November 2nd. Finally, Credit Suisse Group raised Compass Minerals International from an “underperform” rating to a “neutral” rating and set a $49.00 price objective for the company in a report on Tuesday, November 27th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $62.34.

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About Compass Minerals International

Compass Minerals International, Inc, produces and sells salt, and specialty plant nutrition and chemical products primarily in the United States, Canada, Brazil, and the United Kingdom. It operates in three segments: Salt, Plant Nutrition North America, and Plant Nutrition South America. The Salt segment offers 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 salt to produce specialty products.

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Institutional Ownership by Quarter for Compass Minerals International (NYSE:CMP)

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