Public Employees Retirement System of Ohio Has $80,000 Position in Compass Minerals International, Inc. $CMP

Public Employees Retirement System of Ohio grew its position in Compass Minerals International, Inc. (NYSE:CMP) by 37.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,967 shares of the basic materials company’s stock after buying an additional 1,084 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Compass Minerals International were worth $80,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CMP. Federated Hermes Inc. bought a new stake in shares of Compass Minerals International during the 1st quarter valued at approximately $40,000. GAMMA Investing LLC grew its holdings in shares of Compass Minerals International by 361.4% during the 1st quarter. GAMMA Investing LLC now owns 4,812 shares of the basic materials company’s stock valued at $45,000 after purchasing an additional 3,769 shares during the last quarter. AlphaQuest LLC grew its holdings in shares of Compass Minerals International by 690,800.0% during the 1st quarter. AlphaQuest LLC now owns 6,909 shares of the basic materials company’s stock valued at $64,000 after purchasing an additional 6,908 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in shares of Compass Minerals International during the 1st quarter valued at approximately $104,000. Finally, Virtu Financial LLC bought a new stake in shares of Compass Minerals International during the 1st quarter valued at approximately $108,000. 99.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

CMP has been the topic of several research reports. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $18.00 price target (up from $15.00) on shares of Compass Minerals International in a report on Wednesday, August 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $22.00 price target (up from $14.00) on shares of Compass Minerals International in a report on Monday, June 23rd. Zacks Research raised shares of Compass Minerals International to a “hold” rating in a report on Monday, August 11th. Wall Street Zen lowered shares of Compass Minerals International from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Compass Minerals International in a report on Saturday, September 27th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $20.00.

Compass Minerals International Trading Up 2.0%

NYSE:CMP opened at $18.99 on Wednesday. The firm’s fifty day moving average is $19.16 and its 200-day moving average is $17.62. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.15 and a current ratio of 2.15. Compass Minerals International, Inc. has a 52 week low of $8.60 and a 52 week high of $22.69. The firm has a market cap of $791.82 million, a P/E ratio of -6.50 and a beta of 1.11.

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