Invesco Ltd. grew its holdings in Compass Minerals International, Inc. (NYSE:CMP - Free Report) by 42.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 199,794 shares of the basic materials company's stock after purchasing an additional 59,312 shares during the quarter. Invesco Ltd. owned approximately 0.48% of Compass Minerals International worth $2,248,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Wells Fargo & Company MN grew its holdings in Compass Minerals International by 24.2% during the 4th quarter. Wells Fargo & Company MN now owns 27,122 shares of the basic materials company's stock worth $305,000 after acquiring an additional 5,292 shares during the period. Trexquant Investment LP bought a new stake in Compass Minerals International in the fourth quarter valued at about $268,000. Geode Capital Management LLC lifted its stake in Compass Minerals International by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 785,676 shares of the basic materials company's stock valued at $8,842,000 after buying an additional 2,865 shares during the period. KLP Kapitalforvaltning AS acquired a new position in Compass Minerals International in the fourth quarter valued at about $80,000. Finally, American Century Companies Inc. grew its position in shares of Compass Minerals International by 77.8% during the 4th quarter. American Century Companies Inc. now owns 154,773 shares of the basic materials company's stock worth $1,741,000 after buying an additional 67,725 shares during the period. Institutional investors and hedge funds own 99.78% of the company's stock.
Compass Minerals International Stock Up 5.3 %
NYSE:CMP traded up $0.68 during trading hours on Friday, reaching $13.68. 577,164 shares of the stock were exchanged, compared to its average volume of 796,691. The stock has a market cap of $567.94 million, a PE ratio of -3.46 and a beta of 1.17. Compass Minerals International, Inc. has a twelve month low of $7.51 and a twelve month high of $15.82. The firm has a 50 day moving average of $10.63 and a 200 day moving average of $12.05. The company has a debt-to-equity ratio of 3.67, a current ratio of 2.37 and a quick ratio of 1.12.
Compass Minerals International (NYSE:CMP - Get Free Report) last released its earnings results on Monday, February 10th. The basic materials company reported ($0.55) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.50). Compass Minerals International had a negative net margin of 15.10% and a negative return on equity of 10.00%. On average, equities analysts expect that Compass Minerals International, Inc. will post -0.53 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on CMP shares. StockNews.com upgraded shares of Compass Minerals International from a "sell" rating to a "hold" rating in a research report on Wednesday, February 12th. JPMorgan Chase & Co. raised shares of Compass Minerals International from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $13.00 to $15.00 in a research report on Wednesday, February 12th. Finally, BMO Capital Markets lowered their price objective on shares of Compass Minerals International from $18.00 to $17.00 and set a "market perform" rating for the company in a research report on Wednesday, February 12th.
Check Out Our Latest Analysis on Compass Minerals International
About Compass Minerals International
(
Free Report)
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.
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