Raymond James Financial Inc. Acquires New Position in Compass Minerals International, Inc. (NYSE:CMP)

Raymond James Financial Inc. bought a new stake in Compass Minerals International, Inc. (NYSE:CMP - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 127,929 shares of the basic materials company's stock, valued at approximately $1,439,000. Raymond James Financial Inc. owned about 0.31% of Compass Minerals International as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Tsfg LLC bought a new stake in Compass Minerals International in the 4th quarter valued at about $28,000. Denver PWM LLC raised its holdings in shares of Compass Minerals International by 25.8% during 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 last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Compass Minerals International during the fourth quarter worth approximately $80,000. New York State Common Retirement Fund increased its position in Compass Minerals International by 35.9% in the 4th quarter. New York State Common Retirement Fund now owns 7,189 shares of the basic materials company's stock valued at $81,000 after acquiring an additional 1,900 shares during the period. Finally, Intech Investment Management LLC acquired a new position in Compass Minerals International during the 4th quarter worth $187,000. Institutional investors and hedge funds own 99.78% of the company's stock.

Wall Street Analyst Weigh In

CMP has been the topic of a number of recent analyst reports. BMO Capital Markets cut their price objective on shares of Compass Minerals International from $18.00 to $17.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 12th. JPMorgan Chase & Co. raised shares of Compass Minerals International from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $13.00 to $15.00 in a research note on Wednesday, February 12th. Finally, StockNews.com upgraded shares of Compass Minerals International from a "sell" rating to a "hold" rating in a research note on Wednesday, February 12th.

Compass Minerals International Price Performance

NYSE CMP traded up $3.10 on Thursday, reaching $17.33. The company's stock had a trading volume of 621,508 shares, compared to its average volume of 630,875. The firm's 50 day moving average is $10.85 and its two-hundred day moving average is $12.06. The stock has a market cap of $719.26 million, a PE ratio of -4.39 and a beta of 0.95. The company has a debt-to-equity ratio of 3.67, a quick ratio of 1.12 and a current ratio of 2.37. Compass Minerals International, Inc. has a twelve month low of $7.51 and a twelve month high of $17.75.

Compass Minerals International (NYSE:CMP - Get Free Report) last issued its earnings results on Wednesday, May 7th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.24. Compass Minerals International had a negative return on equity of 10.00% and a negative net margin of 15.10%. The business had revenue of $494.60 million for the quarter, compared to analysts' expectations of $413.96 million. Compass Minerals International's revenue was up 35.9% compared to the same quarter last year. As a group, sell-side analysts predict that Compass Minerals International, Inc. will post -0.53 EPS for the current 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.