Millennium Management LLC boosted its holdings in shares of Compass Minerals International, Inc. (NYSE:CMP) by 210.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 73,933 shares of the basic materials company’s stock after purchasing an additional 50,097 shares during the quarter. Millennium Management LLC owned approximately 0.22% of Compass Minerals International worth $3,082,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the business. Bank of New York Mellon Corp grew its stake in shares of Compass Minerals International by 45.0% in the third quarter. Bank of New York Mellon Corp now owns 916,386 shares of the basic materials company’s stock valued at $61,581,000 after acquiring an additional 284,358 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Compass Minerals International by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 889,440 shares of the basic materials company’s stock worth $59,769,000 after buying an additional 2,510 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in Compass Minerals International during the third quarter worth about $201,000. JPMorgan Chase & Co. grew its stake in Compass Minerals International by 995.9% during the third quarter. JPMorgan Chase & Co. now owns 258,797 shares of the basic materials company’s stock worth $17,391,000 after buying an additional 235,183 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Compass Minerals International during the third quarter worth about $356,000. Institutional investors own 94.75% of the company’s stock.
In other news, Chairman Richard S. Grant acquired 2,000 shares of Compass Minerals International stock in a transaction on Thursday, March 28th. The shares were purchased at an average cost of $52.54 per share, for a total transaction of $105,080.00. Following the completion of the purchase, the chairman now directly owns 25,194 shares of the company’s stock, valued at approximately $1,323,692.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.60% of the company’s stock.
Shares of Compass Minerals International stock opened at $57.49 on Friday. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 29.94 and a beta of 1.35. The company has a debt-to-equity ratio of 2.45, a quick ratio of 1.60 and a current ratio of 2.55. Compass Minerals International, Inc. has a 12-month low of $38.19 and a 12-month high of $71.25.
Compass Minerals International (NYSE:CMP) last announced its quarterly earnings data on Monday, February 11th. The basic materials company reported $1.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.38). The firm had revenue of $486.50 million for the quarter, compared to analyst estimates of $501.10 million. Compass Minerals International had a return on equity of 11.49% and a net margin of 4.61%. On average, analysts predict that Compass Minerals International, Inc. will post 2.54 EPS for the current fiscal year.
A number of brokerages have issued reports on CMP. Zacks Investment Research upgraded shares of Compass Minerals International from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 13th. ValuEngine upgraded shares of Compass Minerals International from a “sell” rating to a “hold” rating in a research note on Friday, February 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Compass Minerals International presently has an average rating of “Hold” and an average target price of $55.27.
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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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