383,325 Shares in Compass Minerals International, Inc. $CMP Bought by Engine Capital Management LP

Engine Capital Management LP purchased a new stake in Compass Minerals International, Inc. (NYSE:CMP) during the 4th quarter, Holdings Channel reports. The firm purchased 383,325 shares of the basic materials company’s stock, valued at approximately $7,529,000. Compass Minerals International makes up about 1.0% of Engine Capital Management LP’s portfolio, making the stock its 16th biggest holding.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMP. Comerica Bank increased its stake in Compass Minerals International by 80.0% in the 4th quarter. Comerica Bank now owns 1,868 shares of the basic materials company’s stock valued at $37,000 after buying an additional 830 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Compass Minerals International in the 2nd quarter valued at $83,000. Los Angeles Capital Management LLC acquired a new stake in Compass Minerals International in the 4th quarter valued at $122,000. Vestcor Inc acquired a new stake in Compass Minerals International in the 3rd quarter valued at $158,000. Finally, CANADA LIFE ASSURANCE Co increased its stake in Compass Minerals International by 194.5% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 9,393 shares of the basic materials company’s stock valued at $185,000 after buying an additional 6,204 shares during the last quarter. 99.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CMP has been the topic of several recent research reports. Weiss Ratings lowered shares of Compass Minerals International from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, June 3rd. Compass Point set a $30.00 price target on shares of Compass Minerals International in a research note on Thursday, May 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $35.00 price target on shares of Compass Minerals International in a research note on Wednesday, May 27th. Zacks Research lowered shares of Compass Minerals International from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. upgraded shares of Compass Minerals International from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $20.00 to $30.00 in a research note on Thursday, May 14th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Compass Minerals International presently has an average rating of “Hold” and an average target price of $28.80.

Compass Minerals International Stock Up 0.0%

Compass Minerals International stock opened at $31.09 on Thursday. The firm has a market capitalization of $1.30 billion, a PE ratio of 207.29 and a beta of 1.23. The company’s 50-day moving average is $28.45 and its 200-day moving average is $24.52. Compass Minerals International, Inc. has a fifty-two week low of $16.40 and a fifty-two week high of $34.50. The company has a debt-to-equity ratio of 2.60, a current ratio of 2.06 and a quick ratio of 1.34.

Compass Minerals International (NYSE:CMP) last released its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.04. The company had revenue of $453.20 million for the quarter, compared to analyst estimates of $418.97 million. Compass Minerals International had a net margin of 0.55% and a return on equity of 8.99%. Compass Minerals International’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.63 EPS. Sell-side 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.