Voya Investment Management LLC Trims Stock Position in Compass Minerals International, Inc. (NYSE:CMP)

Voya Investment Management LLC trimmed its stake in Compass Minerals International, Inc. (NYSE:CMP) by 11.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,379 shares of the basic materials company’s stock after selling 1,305 shares during the period. Voya Investment Management LLC’s holdings in Compass Minerals International were worth $117,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Ballentine Partners LLC grew its holdings in shares of Compass Minerals International by 3.6% during the fourth quarter. Ballentine Partners LLC now owns 21,559 shares of the basic materials company’s stock worth $243,000 after purchasing an additional 748 shares during the last quarter. Inspire Investing LLC boosted its position in shares of Compass Minerals International by 5.7% in the 4th quarter. Inspire Investing LLC now owns 40,527 shares of the basic materials company’s stock valued at $456,000 after purchasing an additional 2,201 shares during the period. Lightrock Netherlands B.V. acquired a new stake in shares of Compass Minerals International in the 4th quarter valued at about $6,394,000. New York State Common Retirement Fund grew its stake in Compass Minerals International by 35.9% during the 4th quarter. New York State Common Retirement Fund now owns 7,189 shares of the basic materials company’s stock worth $81,000 after buying an additional 1,900 shares during the last quarter. Finally, Denver PWM LLC increased its position in 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 worth $53,000 after buying an additional 967 shares during the period. 99.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CMP shares. JPMorgan Chase & Co. raised Compass Minerals International from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $13.00 to $15.00 in a report on Wednesday, February 12th. StockNews.com upgraded shares of Compass Minerals International from a “sell” rating to a “hold” rating in a research note on Wednesday, February 12th. Finally, BMO Capital Markets raised their price objective 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.

Compass Minerals International Stock Down 0.1%

Compass Minerals International stock opened at $19.72 on Thursday. The stock has a 50 day moving average of $11.76 and a two-hundred day moving average of $12.26. Compass Minerals International, Inc. has a twelve month low of $7.51 and a twelve month high of $20.17. The stock has a market capitalization of $818.46 million, a price-to-earnings ratio of -4.99 and a beta of 0.95. The company has a current ratio of 2.37, a quick ratio of 1.12 and a debt-to-equity ratio of 3.67.

Compass Minerals International (NYSE:CMP) last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.63 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $494.60 million during the quarter, compared to the consensus estimate of $413.96 million. Compass Minerals International’s quarterly revenue was up 35.9% on a year-over-year basis. As a group, research analysts expect that Compass Minerals International, Inc. will post -0.53 earnings per share for the current year.

Compass Minerals International Company 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.