Assetmark Inc. Buys 31,600 Shares of Compass Minerals International, Inc. $CMP

Assetmark Inc. increased its position in shares of Compass Minerals International, Inc. (NYSE:CMP) by 41.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 107,574 shares of the basic materials company’s stock after buying an additional 31,600 shares during the quarter. Assetmark Inc. owned 0.26% of Compass Minerals International worth $2,065,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CMP. CWM LLC lifted its position in 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 buying an additional 664 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in Compass Minerals International during the third quarter worth about $31,000. New York State Teachers Retirement System acquired a new position in Compass Minerals International during the third quarter valued at approximately $60,000. Headlands Technologies LLC acquired a new position in Compass Minerals International during the second quarter valued at approximately $83,000. Finally, Police & Firemen s Retirement System of New Jersey grew its stake in Compass Minerals International by 11.2% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 7,863 shares of the basic materials company’s stock valued at $158,000 after purchasing an additional 791 shares in the last quarter. Institutional investors own 99.78% of the company’s stock.

Compass Minerals International Trading Up 3.7%

CMP opened at $23.69 on Thursday. The stock has a market capitalization of $991.83 million, a price-to-earnings ratio of -25.75 and a beta of 1.17. The company has a quick ratio of 1.53, a current ratio of 2.59 and a debt-to-equity ratio of 3.39. Compass Minerals International, Inc. has a twelve month low of $8.60 and a twelve month high of $27.00. The company has a 50-day simple moving average of $22.23 and a 200 day simple moving average of $19.91.

Compass Minerals International (NYSE:CMP) last released its earnings results on Wednesday, February 4th. The basic materials company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.11 by $0.32. Compass Minerals International had a negative net margin of 2.82% and a positive return on equity of 8.69%. The firm had revenue of $396.10 million for the quarter, compared to analyst estimates of $329.23 million. During the same period last year, the firm earned ($0.55) EPS. The business’s quarterly revenue was up 28.9% compared to the same quarter last year. Analysts predict that Compass Minerals International, Inc. will post -0.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

About Compass Minerals International

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.