Handelsbanken Fonder AB Has $459,000 Stock Position in Compass Minerals International, Inc. (NYSE:CMP)

Handelsbanken Fonder AB lifted its position in shares of Compass Minerals International, Inc. (NYSE:CMP) by 65.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 18,146 shares of the basic materials company’s stock after acquiring an additional 7,200 shares during the period. Handelsbanken Fonder AB’s holdings in Compass Minerals International were worth $459,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of CMP. SG Americas Securities LLC acquired a new stake in shares of Compass Minerals International during the third quarter worth $512,000. Raymond James Financial Services Advisors Inc. raised its stake in Compass Minerals International by 1.0% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 40,819 shares of the basic materials company’s stock valued at $1,141,000 after purchasing an additional 410 shares in the last quarter. Inspire Investing LLC raised its stake in Compass Minerals International by 16.7% in the third quarter. Inspire Investing LLC now owns 12,295 shares of the basic materials company’s stock valued at $344,000 after purchasing an additional 1,758 shares in the last quarter. TD Asset Management Inc raised its stake in Compass Minerals International by 48.2% in the third quarter. TD Asset Management Inc now owns 24,600 shares of the basic materials company’s stock valued at $688,000 after purchasing an additional 8,000 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Compass Minerals International by 156.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,239 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 756 shares in the last quarter. Institutional investors and hedge funds own 99.78% of the company’s stock.

Wall Street Analyst Weigh In

CMP has been the subject of a number of analyst reports. JPMorgan Chase & Co. dropped their price target on Compass Minerals International from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, February 9th. BMO Capital Markets dropped their price target on Compass Minerals International from $25.00 to $20.00 and set a “market perform” rating for the company in a research note on Tuesday, March 26th. Loop Capital raised Compass Minerals International from a “hold” rating to a “buy” rating and dropped their price target for the company from $26.00 to $23.00 in a research note on Friday, April 26th. Finally, Stifel Nicolaus dropped their price target on Compass Minerals International from $75.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Compass Minerals International has a consensus rating of “Hold” and an average target price of $33.80.

Compass Minerals International Stock Performance

Compass Minerals International stock opened at $12.16 on Thursday. Compass Minerals International, Inc. has a 12-month low of $11.85 and a 12-month high of $39.78. The company has a quick ratio of 1.15, a current ratio of 3.07 and a debt-to-equity ratio of 1.98. The business’s 50-day moving average price is $16.87 and its two-hundred day moving average price is $21.46. The stock has a market cap of $502.33 million, a PE ratio of -8.33, a P/E/G ratio of 4.17 and a beta of 1.13.

Compass Minerals International (NYSE:CMP) last released its earnings results on Wednesday, February 7th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.19). Compass Minerals International had a negative net margin of 4.97% and a positive return on equity of 4.56%. The business had revenue of $341.70 million during the quarter, compared to the consensus estimate of $352.84 million. The company’s revenue was down 3.0% compared to the same quarter last year. As a group, analysts expect that Compass Minerals International, Inc. will post 0.07 earnings per share for the current fiscal year.

Compass Minerals International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Monday, March 11th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.93%. The ex-dividend date was Friday, March 8th. Compass Minerals International’s dividend payout ratio (DPR) is currently -41.10%.

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.