Invesco Ltd. Sells 60,664 Shares of Compass Minerals International, Inc. $CMP

Invesco Ltd. trimmed its holdings in shares of Compass Minerals International, Inc. (NYSE:CMP) by 30.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 139,130 shares of the basic materials company’s stock after selling 60,664 shares during the period. Invesco Ltd. owned approximately 0.34% of Compass Minerals International worth $1,293,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Koss Olinger Consulting LLC boosted its holdings in shares of Compass Minerals International by 263.1% during the 1st quarter. Koss Olinger Consulting LLC now owns 84,880 shares of the basic materials company’s stock worth $789,000 after buying an additional 61,506 shares in the last quarter. Wolverine Asset Management LLC boosted its holdings in shares of Compass Minerals International by 3.4% during the 1st quarter. Wolverine Asset Management LLC now owns 69,215 shares of the basic materials company’s stock worth $643,000 after buying an additional 2,275 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Compass Minerals International by 28.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 487,937 shares of the basic materials company’s stock worth $4,533,000 after purchasing an additional 107,366 shares in the last quarter. Federated Hermes Inc. bought a new position in shares of Compass Minerals International in the 1st quarter worth $40,000. Finally, Corton Capital Inc. grew its position in Compass Minerals International by 65.4% in the 1st quarter. Corton Capital Inc. now owns 18,690 shares of the basic materials company’s stock valued at $174,000 after purchasing an additional 7,390 shares during the period. 99.78% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on CMP. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $22.00 price objective (up previously from $14.00) on shares of Compass Minerals International in a report on Monday, June 23rd. Wall Street Zen downgraded shares of Compass Minerals International from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. BMO Capital Markets upped 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 report on Monday, May 12th. Zacks Research upgraded shares of Compass Minerals International to a “hold” rating in a report on Monday, August 11th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $18.00 price objective (up previously from $15.00) on shares of Compass Minerals International in a report on Wednesday, August 13th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $20.00.

Compass Minerals International Price Performance

Shares of NYSE:CMP opened at $19.06 on Tuesday. The company has a current ratio of 2.15, a quick ratio of 1.15 and a debt-to-equity ratio of 3.30. The stock’s fifty day simple moving average is $20.43 and its two-hundred day simple moving average is $16.24. Compass Minerals International, Inc. has a 1-year low of $7.51 and a 1-year high of $22.69. The stock has a market cap of $794.74 million, a PE ratio of -6.53 and a beta of 1.07.

Compass Minerals International (NYSE:CMP) last issued its quarterly earnings data on Monday, August 11th. The basic materials company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.26). Compass Minerals International had a negative net margin of 9.87% and a negative return on equity of 16.70%. The company had revenue of $214.60 million for the quarter, compared to the consensus estimate of $208.60 million. During the same quarter last year, the business posted ($1.05) earnings per share. Compass Minerals International’s revenue was up 5.8% on a year-over-year basis. Compass Minerals International has set its FY 2025 guidance at EPS. As a group, analysts forecast that Compass Minerals International, Inc. will post -0.53 EPS 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.