Amica Mutual Insurance Co. Sells 17,667 Shares of Compass Minerals International, Inc. $CMP

Amica Mutual Insurance Co. cut its holdings in Compass Minerals International, Inc. (NYSE:CMP) by 37.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,513 shares of the basic materials company’s stock after selling 17,667 shares during the quarter. Amica Mutual Insurance Co. owned approximately 0.07% of Compass Minerals International worth $593,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of CMP. CWM LLC lifted its holdings in shares of Compass Minerals International by 95.0% in the second quarter. CWM LLC now owns 1,363 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 664 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in Compass Minerals International by 37.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,967 shares of the basic materials company’s stock worth $80,000 after purchasing an additional 1,084 shares in the last quarter. Federated Hermes Inc. acquired a new position in Compass Minerals International during the 1st quarter worth approximately $40,000. AlphaQuest LLC lifted its stake in Compass Minerals International by 690,800.0% in 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. Finally, Fox Run Management L.L.C. acquired a new stake in Compass Minerals International in the first quarter valued at approximately $104,000. Institutional investors and hedge funds own 99.78% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on CMP shares. Zacks Research cut shares of Compass Minerals International from a “hold” rating to a “strong sell” rating in a research note on Monday, October 13th. Wall Street Zen lowered Compass Minerals International from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $18.00 target price (up previously from $15.00) on shares of Compass Minerals International in a report on Wednesday, August 13th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Compass Minerals International in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $20.00.

Compass Minerals International Stock Performance

NYSE CMP opened at $17.14 on Friday. The company has a market capitalization of $714.65 million, a price-to-earnings ratio of -5.87 and a beta of 1.13. The company has a quick ratio of 1.15, a current ratio of 2.15 and a debt-to-equity ratio of 3.30. Compass Minerals International, Inc. has a twelve month low of $8.60 and a twelve month high of $22.69. The stock has a fifty day simple moving average of $18.43 and a 200 day simple moving average of $18.96.

Compass Minerals International (NYSE:CMP) last released its quarterly earnings results 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 company had revenue of $214.60 million during the quarter, compared to the consensus estimate of $208.60 million. Compass Minerals International had a negative net margin of 9.87% and a negative return on equity of 16.70%. The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the firm posted ($1.05) EPS. Compass Minerals International has set its FY 2025 guidance at EPS. Sell-side analysts expect that Compass Minerals International, Inc. will post -0.53 EPS for the current year.

Compass Minerals International Company 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.