Intech Investment Management LLC Takes $187,000 Position in Compass Minerals International, Inc. (NYSE:CMP)

Intech Investment Management LLC bought a new position in shares of Compass Minerals International, Inc. (NYSE:CMP) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 16,594 shares of the basic materials company’s stock, valued at approximately $187,000.

Several other hedge funds and other institutional investors have also bought and sold shares of CMP. Tsfg LLC bought a new position in shares of Compass Minerals International in the 4th quarter worth about $28,000. Denver PWM LLC grew its stake in Compass Minerals International by 33.8% during the third quarter. Denver PWM LLC now owns 3,745 shares of the basic materials company’s stock worth $45,000 after purchasing an additional 946 shares during the period. New York State Common Retirement Fund increased its holdings in Compass Minerals International by 35.9% in the fourth quarter. New York State Common Retirement Fund now owns 7,189 shares of the basic materials company’s stock worth $81,000 after purchasing an additional 1,900 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Compass Minerals International in the third quarter valued at approximately $137,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Compass Minerals International by 44.1% during the 4th quarter. Jones Financial Companies Lllp now owns 18,111 shares of the basic materials company’s stock worth $204,000 after buying an additional 5,544 shares in the last quarter. Institutional investors and hedge funds own 99.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CMP shares. BMO Capital Markets dropped their target price on shares of Compass Minerals International from $18.00 to $17.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 12th. StockNews.com upgraded shares of Compass Minerals International from a “sell” rating to a “hold” rating in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. upgraded Compass Minerals International from a “neutral” rating to an “overweight” rating and raised their target price for the company from $13.00 to $15.00 in a research note on Wednesday, February 12th.

Compass Minerals International Price Performance

Shares of CMP opened at $9.52 on Friday. The business’s fifty day moving average is $11.38 and its 200 day moving average is $12.10. Compass Minerals International, Inc. has a 12-month low of $7.51 and a 12-month high of $16.08. The company has a quick ratio of 1.12, a current ratio of 2.37 and a debt-to-equity ratio of 3.67. The stock has a market cap of $395.12 million, a P/E ratio of -2.41 and a beta of 1.27.

Compass Minerals International (NYSE:CMP) last released its quarterly earnings data on Monday, February 10th. The basic materials company reported ($0.55) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.50). Compass Minerals International had a negative net margin of 15.10% and a negative return on equity of 10.00%. Sell-side analysts anticipate that Compass Minerals International, Inc. will post -0.53 earnings per share for the current fiscal year.

About Compass Minerals International

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.