California State Teachers Retirement System Sells 5,767 Shares of Compass Minerals International, Inc. (CMP)

California State Teachers Retirement System trimmed its holdings in shares of Compass Minerals International, Inc. (NYSE:CMP) by 9.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,271 shares of the basic materials company’s stock after selling 5,767 shares during the period. California State Teachers Retirement System owned approximately 0.16% of Compass Minerals International worth $3,522,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Bruderman Asset Management LLC purchased a new stake in Compass Minerals International in the 2nd quarter worth $146,000. IFP Advisors Inc lifted its position in Compass Minerals International by 93.6% in the third quarter. IFP Advisors Inc now owns 2,431 shares of the basic materials company’s stock valued at $158,000 after buying an additional 1,175 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in Compass Minerals International in the second quarter valued at about $206,000. National Planning Corp acquired a new position in Compass Minerals International in the third quarter valued at about $208,000. Finally, Legg Mason Asset Management Japan Co. Ltd. acquired a new position in Compass Minerals International in the second quarter valued at about $229,000.

Shares of Compass Minerals International, Inc. (NYSE CMP) opened at $75.50 on Tuesday. The stock has a market cap of $2,553.98, a PE ratio of 17.76 and a beta of 0.51. Compass Minerals International, Inc. has a 1 year low of $59.72 and a 1 year high of $84.40. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.18 and a current ratio of 2.52.

Compass Minerals International (NYSE:CMP) last released its earnings results on Monday, October 30th. The basic materials company reported $0.65 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.20). Compass Minerals International had a return on equity of 11.52% and a net margin of 10.72%. The firm had revenue of $290.70 million for the quarter, compared to analysts’ expectations of $323.76 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The firm’s quarterly revenue was up 61.9% on a year-over-year basis. research analysts expect that Compass Minerals International, Inc. will post 2.62 EPS for the current fiscal year.

A number of research analysts have commented on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $84.00 target price on shares of Compass Minerals International in a research report on Wednesday, November 1st. TheStreet raised shares of Compass Minerals International from a “c+” rating to a “b” rating in a research report on Thursday, November 30th. JPMorgan Chase & Co. raised shares of Compass Minerals International from a “neutral” rating to an “overweight” rating and set a $70.00 price target on the stock in a research report on Monday, September 25th. Zacks Investment Research cut shares of Compass Minerals International from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. Finally, Monness Crespi & Hardt raised shares of Compass Minerals International from a “neutral” rating to a “buy” rating and set a $76.00 price target on the stock in a research report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $73.60.

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Compass Minerals International Company Profile

Compass Minerals International, Inc (CMI) is a provider of essential minerals that solve nature’s challenges, including salt for winter roadway safety and other consumer, industrial and agricultural uses; specialty plant nutrition minerals for the quality and yield of crops, and specialty chemicals for water treatment and other industrial processes.

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

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