Federated Hermes Inc. Acquires 331,127 Shares of Compass Minerals International, Inc. $CMP

Federated Hermes Inc. increased its holdings in shares of Compass Minerals International, Inc. (NYSE:CMP) by 8,417.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 335,061 shares of the basic materials company’s stock after acquiring an additional 331,127 shares during the quarter. Federated Hermes Inc. owned about 0.80% of Compass Minerals International worth $6,433,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of CMP. CWM LLC grew its position in shares of Compass Minerals International by 95.0% during the 2nd quarter. CWM LLC now owns 1,363 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 664 shares in the last quarter. Police & Firemen s Retirement System of New Jersey increased its stake in Compass Minerals International by 11.2% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 7,863 shares of the basic materials company’s stock worth $158,000 after acquiring an additional 791 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Compass Minerals International by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,665 shares of the basic materials company’s stock valued at $192,000 after acquiring an additional 858 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of 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 valued at $80,000 after acquiring an additional 1,084 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC grew its holdings in shares of Compass Minerals International by 9.3% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 12,959 shares of the basic materials company’s stock worth $260,000 after purchasing an additional 1,098 shares in the last quarter. Institutional investors and hedge funds own 99.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of Compass Minerals International from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Compass Point set a $22.00 price target on shares of Compass Minerals International in a report on Tuesday, December 16th. BMO Capital Markets increased their price target on shares of Compass Minerals International from $20.00 to $25.00 and gave the stock a “market perform” rating in a research report on Monday, January 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Compass Minerals International in a research report on Wednesday, January 21st. Finally, Zacks Research raised Compass Minerals International from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $22.00.

Compass Minerals International Trading Up 0.9%

Shares of Compass Minerals International stock opened at $25.21 on Tuesday. The firm’s 50 day moving average is $21.15 and its 200 day moving average is $19.66. The firm has a market capitalization of $1.05 billion, a PE ratio of -13.13 and a beta of 1.17. Compass Minerals International, Inc. has a 1 year low of $8.60 and a 1 year high of $26.38. The company has a current ratio of 2.15, a quick ratio of 0.98 and a debt-to-equity ratio of 3.55.

Compass Minerals International (NYSE:CMP) last issued its earnings results on Monday, December 8th. The basic materials company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.02). The company had revenue of $227.50 million during the quarter, compared to analyst estimates of $223.72 million. Compass Minerals International had a negative net margin of 6.42% and a negative return on equity of 8.22%. The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.77) EPS. Equities research analysts forecast that Compass Minerals International, Inc. will post -0.53 earnings per share for the current fiscal year.

Compass Minerals International Company Profile

Compass Minerals International, Inc is a global producer of essential mineral-based products, primarily known for its salt and plant nutrition portfolios. The company’s deicing salts are used by municipalities and commercial customers across North America to maintain safer roadways in winter months. In addition, its water conditioning salts serve both residential and industrial users, supporting water treatment systems that remove hard minerals to protect plumbing and equipment.

Beyond conventional salt products, Compass Minerals has developed a specialty plant nutrition business focused on sulfate of potash (SOP), a premium fertilizer that provides both potassium and sulfur to crops.