Thrivent Financial for Lutherans increased its stake in shares of Compass Minerals International, Inc. (NYSE:CMP) by 5.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 8,601 shares of the basic materials company’s stock after purchasing an additional 439 shares during the period. Thrivent Financial for Lutherans’ holdings in Compass Minerals International were worth $359,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Enlightenment Research LLC bought a new position in Compass Minerals International during the 4th quarter worth approximately $25,000. First Mercantile Trust Co. bought a new position in Compass Minerals International during the 4th quarter worth approximately $66,000. ERTS Wealth Advisors LLC bought a new position in Compass Minerals International during the 4th quarter worth approximately $92,000. Dupont Capital Management Corp bought a new position in Compass Minerals International during the 4th quarter worth approximately $93,000. Finally, ETF Managers Group LLC grew its position 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 acquiring an additional 362 shares during the last quarter. 94.75% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded Compass Minerals International from a “strong sell” rating to a “hold” rating in a research report on Tuesday. ValuEngine upgraded Compass Minerals International from a “sell” rating to a “hold” rating in a research report on Friday, February 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $55.27.
NYSE CMP opened at $58.04 on Wednesday. Compass Minerals International, Inc. has a fifty-two week low of $38.19 and a fifty-two week high of $71.25. The company has a debt-to-equity ratio of 2.45, a current ratio of 2.55 and a quick ratio of 1.60. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 30.07 and a beta of 1.35.
Compass Minerals International (NYSE:CMP) last released its quarterly earnings data on Monday, February 11th. The basic materials company reported $1.41 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.38). Compass Minerals International had a return on equity of 11.49% and a net margin of 4.61%. The business had revenue of $486.50 million during the quarter, compared to analysts’ expectations of $501.10 million. As a group, research analysts expect that Compass Minerals International, Inc. will post 2.54 earnings per share for the current year.
In other Compass Minerals International news, Chairman Richard S. Grant acquired 2,000 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was acquired at an average price of $52.54 per share, for a total transaction of $105,080.00. Following the acquisition, the chairman now owns 25,194 shares in the company, valued at approximately $1,323,692.76. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.60% of the company’s stock.
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Compass Minerals International Company Profile
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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