Envestnet Asset Management Inc. Has $457,000 Position in Compass Minerals International, Inc. (NYSE:CMP)

Envestnet Asset Management Inc. raised its holdings in Compass Minerals International, Inc. (NYSE:CMP) by 3.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,191 shares of the basic materials company’s stock after buying an additional 1,535 shares during the quarter. Envestnet Asset Management Inc. owned 0.12% of Compass Minerals International worth $457,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Koch Inc. acquired a new stake in shares of Compass Minerals International during the 4th quarter worth about $79,139,000. Net Worth Advisory Group bought a new stake in Compass Minerals International during the first quarter worth about $178,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Compass Minerals International by 18.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 105,915 shares of the basic materials company’s stock worth $1,192,000 after buying an additional 16,558 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Compass Minerals International by 361.4% during the first quarter. GAMMA Investing LLC now owns 4,812 shares of the basic materials company’s stock worth $45,000 after buying an additional 3,769 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Compass Minerals International by 42.2% in the fourth quarter. Invesco Ltd. now owns 199,794 shares of the basic materials company’s stock valued at $2,248,000 after acquiring an additional 59,312 shares during the last quarter. Institutional investors and hedge funds own 99.78% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on CMP. Wall Street Zen lowered Compass Minerals International from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 27th. BMO Capital Markets increased their target price on Compass Minerals International from $15.00 to $20.00 and gave the stock a “market perform” rating in a report on Monday, May 12th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $22.00 target price (up from $14.00) on shares of Compass Minerals International in a research note on Monday, June 23rd.

Compass Minerals International Stock Performance

Shares of Compass Minerals International stock opened at $20.40 on Thursday. The company has a debt-to-equity ratio of 3.37, a current ratio of 1.84 and a quick ratio of 1.12. The firm has a 50 day simple moving average of $20.46 and a 200 day simple moving average of $15.28. Compass Minerals International, Inc. has a fifty-two week low of $7.51 and a fifty-two week high of $22.69. The firm has a market cap of $846.64 million, a P/E ratio of -5.73 and a beta of 1.11.

Compass Minerals International (NYSE:CMP) last announced its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.24. The firm had revenue of $494.60 million for the quarter, compared to analyst estimates of $413.96 million. Compass Minerals International had a negative return on equity of 24.24% and a negative net margin of 12.15%. The firm’s revenue was up 35.9% compared to the same quarter last year. Sell-side analysts predict that Compass Minerals International, Inc. will post -0.53 earnings per share for the current fiscal year.

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.