Federated Hermes Inc. Acquires New Shares in Compass Minerals International, Inc. (NYSE:CMP)

Federated Hermes Inc. acquired a new stake in Compass Minerals International, Inc. (NYSE:CMP) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,314 shares of the basic materials company’s stock, valued at approximately $40,000.

Other hedge funds have also recently bought and sold shares of the company. Koch Inc. purchased a new position in Compass Minerals International in the 4th quarter valued at approximately $79,139,000. Net Worth Advisory Group purchased a new position in Compass Minerals International during the first quarter worth $178,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in 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 position in 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. increased its position in Compass Minerals International by 42.2% during the fourth quarter. Invesco Ltd. now owns 199,794 shares of the basic materials company’s stock worth $2,248,000 after buying an additional 59,312 shares in the last quarter. 99.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Wall Street Zen downgraded Compass Minerals International from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 27th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $22.00 price target (up previously from $14.00) on shares of Compass Minerals International in a research report on Monday, June 23rd. Finally, BMO Capital Markets raised their price target 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.

Compass Minerals International Price Performance

Shares of NYSE:CMP opened at $21.57 on Tuesday. The company has a market cap of $895.16 million, a P/E ratio of -6.06 and a beta of 1.11. The company has a quick ratio of 1.12, a current ratio of 1.84 and a debt-to-equity ratio of 3.37. Compass Minerals International, Inc. has a 52 week low of $7.51 and a 52 week high of $22.69. The business has a fifty day simple moving average of $20.57 and a 200-day simple moving average of $15.46.

Compass Minerals International (NYSE:CMP) last announced its quarterly earnings data on Monday, August 11th. The basic materials company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.26). The business had revenue of $214.60 million during the quarter, compared to analysts’ expectations of $208.60 million. Compass Minerals International had a negative net margin of 12.15% and a negative return on equity of 24.24%. Compass Minerals International’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.05) EPS. Equities research analysts forecast 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.