Charles Schwab Investment Management Inc. Purchases 107,366 Shares of Compass Minerals International, Inc. $CMP

Key Points

• Charles Schwab Investment Management Inc. has increased its stake in Compass Minerals International by 28.2% in the first quarter, now owning approximately 1.18% of the company, valued at about $4.5 million.
• Multiple brokerages have recently revised their ratings on Compass Minerals, with one cutting it from "buy" to "hold," while Deutsche Bank set a new target price of $22.00.
• Compass Minerals reported a Q2 loss of ($0.39) EPS, missing estimates and showing a revenue increase of 5.8% year-over-year despite a negative return on equity of 16.70%.

Charles Schwab Investment Management Inc. grew its stake in Compass Minerals International, Inc. (NYSE:CMP - Free Report) by 28.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 487,937 shares of the basic materials company's stock after purchasing an additional 107,366 shares during the period. Charles Schwab Investment Management Inc. owned about 1.18% of Compass Minerals International worth $4,533,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in CMP. Federated Hermes Inc. acquired a new stake in shares of Compass Minerals International in the 1st quarter valued at approximately $40,000. GAMMA Investing LLC boosted its stake in shares of Compass Minerals International by 361.4% in the 1st quarter. GAMMA Investing LLC now owns 4,812 shares of the basic materials company's stock valued at $45,000 after purchasing an additional 3,769 shares in the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Compass Minerals International in the 1st quarter valued at approximately $110,000. Corton Capital Inc. acquired a new stake in shares of Compass Minerals International in the 4th quarter valued at approximately $127,000. Finally, Freestone Grove Partners LP acquired a new stake in shares of Compass Minerals International in the 4th quarter valued at approximately $149,000. 99.78% of the stock is currently owned by institutional investors and hedge funds.

Compass Minerals International Trading Down 0.2%

Compass Minerals International stock traded down $0.05 during mid-day trading on Wednesday, hitting $18.98. 277,647 shares of the stock were exchanged, compared to its average volume of 434,428. The company has a quick ratio of 1.15, a current ratio of 2.15 and a debt-to-equity ratio of 3.30. Compass Minerals International, Inc. has a 12 month low of $7.51 and a 12 month high of $22.69. The firm's fifty day simple moving average is $20.41 and its two-hundred day simple moving average is $16.27. The stock has a market capitalization of $791.44 million, a price-to-earnings ratio of -6.50 and a beta of 1.07.

Compass Minerals International (NYSE:CMP - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The basic materials company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.26). Compass Minerals International had a negative return on equity of 16.70% and a negative net margin of 9.87%.The firm had revenue of $214.60 million for the quarter, compared to the consensus estimate of $208.60 million. During the same quarter in the previous year, the business posted ($1.05) EPS. The firm's revenue for the quarter was up 5.8% compared to the same quarter last year. Compass Minerals International has set its FY 2025 guidance at EPS. Analysts forecast that Compass Minerals International, Inc. will post -0.53 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on CMP shares. BMO Capital Markets lifted their target price on shares of Compass Minerals International from $15.00 to $20.00 and gave the stock a "market perform" rating in a research report on Monday, May 12th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $22.00 target price (up from $14.00) on shares of Compass Minerals International in a research report on Monday, June 23rd. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $18.00 target price (up from $15.00) on shares of Compass Minerals International in a research report on Wednesday, August 13th. Wall Street Zen downgraded shares of Compass Minerals International from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Finally, Zacks Research upgraded shares of Compass Minerals International to a "hold" rating in a research report on Monday, August 11th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $20.00.

About Compass Minerals International

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.