Koss Olinger Consulting LLC Reduces Stock Holdings in Compass Minerals International, Inc. $CMP

Koss Olinger Consulting LLC decreased its holdings in Compass Minerals International, Inc. (NYSE:CMP) by 36.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 53,131 shares of the basic materials company’s stock after selling 29,847 shares during the period. Koss Olinger Consulting LLC’s holdings in Compass Minerals International were worth $1,043,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CMP. Royal Bank of Canada lifted its stake in Compass Minerals International by 10.5% in the first quarter. Royal Bank of Canada now owns 49,928 shares of the basic materials company’s stock worth $464,000 after acquiring an additional 4,740 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Compass Minerals International by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,665 shares of the basic materials company’s stock valued at $192,000 after buying an additional 858 shares during the period. JPMorgan Chase & Co. lifted its position in Compass Minerals International by 16.1% during the second quarter. JPMorgan Chase & Co. now owns 191,626 shares of the basic materials company’s stock valued at $3,850,000 after buying an additional 26,531 shares during the period. Legal & General Group Plc lifted its position in Compass Minerals International by 15.4% during the second quarter. Legal & General Group Plc now owns 39,625 shares of the basic materials company’s stock valued at $796,000 after buying an additional 5,292 shares during the period. Finally, Prudential Financial Inc. purchased a new position in Compass Minerals International during the second quarter valued at $267,000. Hedge funds and other institutional investors own 99.78% of the company’s stock.

Compass Minerals International Price Performance

CMP opened at $31.91 on Friday. The stock has a 50-day moving average price of $26.38 and a 200-day moving average price of $23.27. The company has a debt-to-equity ratio of 2.60, a current ratio of 2.06 and a quick ratio of 1.34. The firm has a market cap of $1.34 billion, a PE ratio of 212.70 and a beta of 1.18. Compass Minerals International, Inc. has a 1 year low of $16.40 and a 1 year high of $32.70.

Compass Minerals International (NYSE:CMP) last posted its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.04. The firm had revenue of $453.20 million during the quarter, compared to analyst estimates of $418.97 million. Compass Minerals International had a return on equity of 8.99% and a net margin of 0.55%.Compass Minerals International’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.63 EPS. Sell-side analysts predict that Compass Minerals International, Inc. will post 0.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CMP shares. Compass Point set a $30.00 price objective on Compass Minerals International in a research report on Thursday, May 14th. Zacks Research lowered Compass Minerals International from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $35.00 price objective on shares of Compass Minerals International in a research report on Wednesday. Wall Street Zen raised Compass Minerals International from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Weiss Ratings raised Compass Minerals International from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $28.80.

About Compass Minerals International

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.