Compass Minerals International, Inc. (NYSE:CMP) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its stake in Compass Minerals International, Inc. (NYSE:CMP) by 500.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 142,938 shares of the basic materials company’s stock after acquiring an additional 119,135 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.34% of Compass Minerals International worth $1,608,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CMP. Geode Capital Management LLC boosted its position in shares of 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 worth $8,842,000 after buying an additional 2,865 shares during the period. Lightrock Netherlands B.V. acquired a new stake in shares of Compass Minerals International in the fourth quarter worth $6,394,000. Icon Advisers Inc. Co. boosted its position in shares of Compass Minerals International by 375.0% in the fourth quarter. Icon Advisers Inc. Co. now owns 475,000 shares of the basic materials company’s stock worth $5,344,000 after buying an additional 375,000 shares during the period. Northern Trust Corp boosted its position in shares of Compass Minerals International by 2.8% in the fourth quarter. Northern Trust Corp now owns 321,585 shares of the basic materials company’s stock worth $3,618,000 after buying an additional 8,898 shares during the period. Finally, Kennedy Capital Management LLC acquired a new stake in shares of Compass Minerals International in the fourth quarter worth $3,533,000. 99.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on CMP shares. BMO Capital Markets raised their target price on Compass Minerals International from $15.00 to $20.00 and gave the stock a “market perform” rating in a research report on Monday, May 12th. StockNews.com raised Compass Minerals International from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. raised Compass Minerals International from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $13.00 to $15.00 in a research report on Wednesday, February 12th.

Compass Minerals International Price Performance

CMP opened at $19.19 on Monday. The stock has a market cap of $796.30 million, a price-to-earnings ratio of -4.86 and a beta of 0.95. Compass Minerals International, Inc. has a 1 year low of $7.51 and a 1 year high of $20.17. The company has a current ratio of 2.37, a quick ratio of 1.12 and a debt-to-equity ratio of 3.67. The stock has a fifty day moving average price of $12.13 and a 200 day moving average price of $12.34.

Compass Minerals International (NYSE:CMP) last released its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.24. The firm had revenue of $494.60 million during the quarter, compared to analysts’ expectations of $413.96 million. Compass Minerals International had a negative return on equity of 10.00% and a negative net margin of 15.10%. The business’s revenue was up 35.9% on a year-over-year basis. Analysts forecast that Compass Minerals International, Inc. will post -0.53 EPS for the current fiscal 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.