Koch Inc. Makes New $79.14 Million Investment in Compass Minerals International, Inc. (NYSE:CMP)

Koch Inc. acquired a new position in shares of Compass Minerals International, Inc. (NYSE:CMP - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,034,609 shares of the basic materials company's stock, valued at approximately $79,139,000. Compass Minerals International accounts for approximately 12.6% of Koch Inc.'s portfolio, making the stock its 3rd largest position. Koch Inc. owned approximately 16.95% of Compass Minerals International at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Denver PWM LLC boosted its stake in shares of Compass Minerals International by 25.8% in the fourth quarter. Denver PWM LLC now owns 4,712 shares of the basic materials company's stock valued at $53,000 after buying an additional 967 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of Compass Minerals International in the fourth quarter valued at approximately $80,000. New York State Common Retirement Fund boosted its stake in shares of Compass Minerals International by 35.9% in the fourth quarter. New York State Common Retirement Fund now owns 7,189 shares of the basic materials company's stock valued at $81,000 after buying an additional 1,900 shares during the period. Corton Capital Inc. bought a new stake in shares of Compass Minerals International in the fourth quarter valued at approximately $127,000. Finally, Freestone Grove Partners LP bought a new stake in shares of Compass Minerals International in the fourth quarter valued at approximately $149,000. Institutional investors own 99.78% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CMP. JPMorgan Chase & Co. upgraded Compass Minerals International from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $13.00 to $15.00 in a research note on Wednesday, February 12th. BMO Capital Markets boosted their price objective on shares of Compass Minerals International from $15.00 to $20.00 and gave the company a "market perform" rating in a research report on Monday, May 12th. Finally, Wall Street Zen upgraded shares of Compass Minerals International from a "hold" rating to a "buy" rating in a research report on Saturday.

Compass Minerals International Price Performance

CMP traded down $0.35 during trading on Friday, hitting $19.19. 1,271,701 shares of the stock traded hands, compared to its average volume of 823,331. Compass Minerals International, Inc. has a twelve month low of $7.51 and a twelve month high of $20.75. The company has a market cap of $796.46 million, a price-to-earnings ratio of -4.86 and a beta of 0.95. The company has a debt-to-equity ratio of 3.67, a current ratio of 2.37 and a quick ratio of 1.12. The business has a 50 day moving average price of $13.93 and a 200 day moving average price of $12.80.

Compass Minerals International (NYSE:CMP - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.39 by $0.24. Compass Minerals International had a negative net margin of 15.10% and a negative return on equity of 10.00%. The business had revenue of $494.60 million during the quarter, compared to the consensus estimate of $413.96 million. Compass Minerals International's quarterly revenue was up 35.9% on a year-over-year basis. Equities research analysts forecast that Compass Minerals International, Inc. will post -0.53 earnings per share for the current fiscal year.

Compass Minerals International Profile

Compass Minerals International, Inc, provides essential minerals in the United States, Canada, the United Kingdom, and internationally. It operates through two segments, Salt and Plant Nutrition. The Salt segment produces, markets, and sells 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 sodium chloride to produce specialty products.