Compass Minerals International, Inc. $CMP is SailingStone Capital Partners LLC’s Largest Position

SailingStone Capital Partners LLC grew its stake in shares of Compass Minerals International, Inc. (NYSE:CMP) by 6.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,414,067 shares of the basic materials company’s stock after buying an additional 308,957 shares during the period. Compass Minerals International accounts for 26.6% of SailingStone Capital Partners LLC’s investment portfolio, making the stock its biggest position. SailingStone Capital Partners LLC owned approximately 12.93% of Compass Minerals International worth $106,332,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of CMP. Comerica Bank increased its position in Compass Minerals International by 80.0% during the fourth quarter. Comerica Bank now owns 1,868 shares of the basic materials company’s stock worth $37,000 after buying an additional 830 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Compass Minerals International in the second quarter valued at $83,000. Los Angeles Capital Management LLC purchased a new stake in shares of Compass Minerals International in the fourth quarter valued at $122,000. Vestcor Inc purchased a new stake in shares of Compass Minerals International in the third quarter valued at $158,000. Finally, CANADA LIFE ASSURANCE Co grew its position in shares of Compass Minerals International by 194.5% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 9,393 shares of the basic materials company’s stock valued at $185,000 after purchasing an additional 6,204 shares during the period. Hedge funds and other institutional investors own 99.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Compass Point set a $30.00 price objective on Compass Minerals International in a research report on Thursday, May 14th. JPMorgan Chase & Co. raised Compass Minerals International from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $20.00 to $30.00 in a research report on Thursday, May 14th. Wall Street Zen downgraded Compass Minerals International from a “buy” rating to a “hold” rating in a research report on Saturday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Compass Minerals International in a research report on Wednesday, May 27th. Finally, Weiss Ratings downgraded Compass Minerals International from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Compass Minerals International has an average rating of “Hold” and an average price target of $28.80.

Compass Minerals International Price Performance

Shares of Compass Minerals International stock opened at $30.96 on Wednesday. Compass Minerals International, Inc. has a twelve month low of $16.40 and a twelve month high of $34.50. The stock has a market capitalization of $1.30 billion, a P/E ratio of 206.37 and a beta of 1.23. The company has a current ratio of 2.06, a quick ratio of 1.34 and a debt-to-equity ratio of 2.60. The business’s fifty day moving average price is $28.29 and its 200 day moving average price is $24.43.

Compass Minerals International (NYSE:CMP) last issued its earnings results on Wednesday, May 6th. The basic materials company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. Compass Minerals International had a return on equity of 8.99% and a net margin of 0.55%.The firm had revenue of $453.20 million for the quarter, compared to analysts’ expectations of $418.97 million. During the same quarter last year, the firm earned $0.63 earnings per share. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. As a group, research analysts anticipate that Compass Minerals International, Inc. will post 0.82 earnings per share 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.