Quantbot Technologies LP Sells 27,145 Shares of Compass Minerals International, Inc. $CMP

Quantbot Technologies LP lessened its holdings in shares of Compass Minerals International, Inc. (NYSE:CMP) by 48.3% during the third quarter, HoldingsChannel.com reports. The firm owned 29,050 shares of the basic materials company’s stock after selling 27,145 shares during the quarter. Quantbot Technologies LP’s holdings in Compass Minerals International were worth $558,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Compass Minerals International by 14.7% in the third quarter. Vanguard Group Inc. now owns 2,775,116 shares of the basic materials company’s stock valued at $53,282,000 after buying an additional 354,960 shares during the period. Ewing Morris & Co. Investment Partners Ltd. lifted its position in shares of Compass Minerals International by 201.7% during the 2nd quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 1,280,648 shares of the basic materials company’s stock valued at $25,728,000 after acquiring an additional 856,149 shares during the period. American Century Companies Inc. lifted its position in shares of Compass Minerals International by 57.6% during the 2nd quarter. American Century Companies Inc. now owns 916,088 shares of the basic materials company’s stock valued at $18,404,000 after acquiring an additional 334,857 shares during the period. Geode Capital Management LLC grew its stake in Compass Minerals International by 1.1% during the second quarter. Geode Capital Management LLC now owns 805,021 shares of the basic materials company’s stock worth $16,175,000 after buying an additional 8,859 shares in the last quarter. Finally, O Keefe Stevens Advisory Inc. raised its position in Compass Minerals International by 4.4% during the third quarter. O Keefe Stevens Advisory Inc. now owns 570,027 shares of the basic materials company’s stock valued at $10,945,000 after purchasing an additional 24,199 shares in the last quarter. 99.78% of the stock is currently owned by institutional investors and hedge funds.

Compass Minerals International Price Performance

Compass Minerals International stock opened at $23.35 on Monday. The stock has a market capitalization of $977.50 million, a price-to-earnings ratio of -25.38 and a beta of 1.15. Compass Minerals International, Inc. has a 52-week low of $8.60 and a 52-week high of $27.00. The company has a debt-to-equity ratio of 3.39, a quick ratio of 1.53 and a current ratio of 2.59. The stock’s 50 day moving average price is $23.44 and its two-hundred day moving average price is $20.29.

Compass Minerals International (NYSE:CMP) last posted its quarterly earnings results on Wednesday, February 4th. The basic materials company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.32. Compass Minerals International had a negative net margin of 2.82% and a positive return on equity of 8.69%. The business had revenue of $396.10 million during the quarter, compared to analysts’ expectations of $329.23 million. During the same period last year, the company posted ($0.55) earnings per share. The business’s quarterly revenue was up 28.9% on a year-over-year basis. On average, equities analysts predict that Compass Minerals International, Inc. will post -0.53 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have commented on CMP. Wall Street Zen raised Compass Minerals International from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Zacks Research upgraded shares of Compass Minerals International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 17th. BMO Capital Markets upped their price target on shares of Compass Minerals International from $20.00 to $25.00 and gave the stock a “market perform” rating in a report on Monday, January 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Compass Minerals International in a research report on Wednesday, January 21st. Finally, Loop Capital set a $24.00 target price on Compass Minerals International in a research report on Tuesday, December 30th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.00.

Compass Minerals International Company 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.