JPMorgan Chase & Co. Sells 27,639 Shares of Compass Minerals International, Inc. $CMP

JPMorgan Chase & Co. reduced its stake in shares of Compass Minerals International, Inc. (NYSE:CMP) by 14.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163,987 shares of the basic materials company’s stock after selling 27,639 shares during the period. JPMorgan Chase & Co. owned 0.39% of Compass Minerals International worth $3,149,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in CMP. State of Alaska Department of Revenue bought a new stake in shares of Compass Minerals International during the 3rd quarter worth about $31,000. New York State Teachers Retirement System bought a new position in shares of Compass Minerals International in the 3rd quarter valued at approximately $60,000. Headlands Technologies LLC acquired a new stake in Compass Minerals International in the 2nd quarter worth approximately $83,000. Vestcor Inc bought a new stake in Compass Minerals International during the third quarter worth approximately $158,000. Finally, State of Wyoming acquired a new position in Compass Minerals International during the third quarter valued at approximately $176,000. Institutional investors and hedge funds own 99.78% of the company’s stock.

Wall Street Analyst Weigh In

CMP has been the subject of a number of analyst reports. BMO Capital Markets boosted their price objective on shares of Compass Minerals International from $20.00 to $25.00 and gave the stock a “market perform” rating in a research note on Monday, January 5th. Loop Capital set a $24.00 target price on shares of Compass Minerals International in a research report on Tuesday, December 30th. Compass Point set a $22.00 price target on shares of Compass Minerals International in a report on Tuesday, December 16th. Wall Street Zen raised Compass Minerals International from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Compass Minerals International in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $22.00.

Compass Minerals International Price Performance

Shares of Compass Minerals International stock opened at $22.74 on Friday. The company has a debt-to-equity ratio of 3.39, a current ratio of 2.59 and a quick ratio of 1.53. The company has a market cap of $951.94 million, a PE ratio of -24.72 and a beta of 1.16. The firm has a fifty day moving average price of $23.72 and a two-hundred day moving average price of $20.86. Compass Minerals International, Inc. has a fifty-two week low of $8.60 and a fifty-two week high of $27.00.

Compass Minerals International (NYSE:CMP) last announced its quarterly earnings data on Wednesday, February 4th. The basic materials company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $396.10 million during the quarter, compared to analyst estimates of $329.23 million. During the same quarter in the prior year, the business earned ($0.55) earnings per share. The firm’s revenue for the quarter was up 28.9% on a year-over-year basis. 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 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.