Invesco Ltd. Cuts Stock Position in Compass Minerals International, Inc. $CMP

Invesco Ltd. lowered its position in Compass Minerals International, Inc. (NYSE:CMP - Free Report) by 30.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 139,130 shares of the basic materials company's stock after selling 60,664 shares during the period. Invesco Ltd. owned approximately 0.34% of Compass Minerals International worth $1,293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Koch Inc. purchased a new stake in shares of Compass Minerals International in the fourth quarter worth approximately $79,139,000. Net Worth Advisory Group bought a new position in Compass Minerals International in the 1st quarter valued at $178,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Compass Minerals International by 18.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 105,915 shares of the basic materials company's stock worth $1,192,000 after purchasing an additional 16,558 shares during the period. GAMMA Investing LLC lifted its position in shares of Compass Minerals International by 361.4% during the first quarter. GAMMA Investing LLC now owns 4,812 shares of the basic materials company's stock worth $45,000 after purchasing an additional 3,769 shares during the last quarter. Finally, Federated Hermes Inc. bought a new stake in shares of Compass Minerals International during the first quarter worth $40,000. Hedge funds and other institutional investors own 99.78% of the company's stock.

Compass Minerals International Stock Down 0.7%

Shares of NYSE CMP traded down $0.13 during midday trading on Thursday, reaching $18.80. 416,522 shares of the company's stock traded hands, compared to its average volume of 638,751. The company has a market cap of $783.84 million, a price-to-earnings ratio of -6.44 and a beta of 1.07. The stock's 50 day simple moving average is $20.41 and its 200-day simple moving average is $16.27. 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 one year low of $7.51 and a one year high of $22.69.

Compass Minerals International (NYSE:CMP - Get Free Report) last announced its 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 net margin of 9.87% and a negative return on equity of 16.70%. The company had revenue of $214.60 million for the quarter, compared to the consensus estimate of $208.60 million. During the same period last year, the business posted ($1.05) EPS. The firm's revenue was up 5.8% compared to the same quarter last year. Compass Minerals International has set its FY 2025 guidance at EPS. On average, analysts predict that Compass Minerals International, Inc. will post -0.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Zacks Research upgraded shares of Compass Minerals International to a "hold" rating in a report on Monday, August 11th. JPMorgan Chase & Co. restated an "underweight" rating and issued a $18.00 target price (up from $15.00) on shares of Compass Minerals International in a research note on Wednesday, August 13th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $22.00 price target (up previously from $14.00) on shares of Compass Minerals International in a research note on Monday, June 23rd. Wall Street Zen lowered Compass Minerals International from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Finally, BMO Capital Markets increased their price objective on Compass Minerals International from $15.00 to $20.00 and gave the stock a "market perform" rating in a research note on Monday, May 12th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus 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.