Koss Olinger Consulting LLC Sells 29,847 Shares of Compass Minerals International, Inc. $CMP

Koss Olinger Consulting LLC reduced its holdings in shares of Compass Minerals International, Inc. (NYSE:CMP) by 36.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,131 shares of the basic materials company’s stock after selling 29,847 shares during the period. Koss Olinger Consulting LLC owned about 0.13% of Compass Minerals International worth $1,043,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its position in Compass Minerals International by 14.7% during the third quarter. Vanguard Group Inc. now owns 2,775,116 shares of the basic materials company’s stock valued at $53,282,000 after acquiring an additional 354,960 shares during the last quarter. Ewing Morris & Co. Investment Partners Ltd. grew its position in Compass Minerals International by 201.7% during the second quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 1,280,648 shares of the basic materials company’s stock valued at $25,728,000 after acquiring an additional 856,149 shares during the last quarter. American Century Companies Inc. grew its position in Compass Minerals International by 35.0% during the third quarter. American Century Companies Inc. now owns 1,236,884 shares of the basic materials company’s stock valued at $23,748,000 after acquiring an additional 320,796 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Compass Minerals International by 4,579.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 776,303 shares of the basic materials company’s stock worth $15,247,000 after purchasing an additional 759,715 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Compass Minerals International by 11.6% in the third quarter. Dimensional Fund Advisors LP now owns 729,630 shares of the basic materials company’s stock worth $14,009,000 after purchasing an additional 75,881 shares during the last quarter. 99.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CMP. JPMorgan Chase & Co. upgraded shares of Compass Minerals International from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $20.00 to $30.00 in a report on Thursday, May 14th. Weiss Ratings upgraded shares of Compass Minerals International from a “sell (d-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Zacks Research cut shares of Compass Minerals International from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $35.00 target price on shares of Compass Minerals International in a report on Wednesday. Finally, Compass Point set a $30.00 target price on shares of Compass Minerals International in a report on Thursday, May 14th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Compass Minerals International has a consensus rating of “Hold” and a consensus price target of $28.80.

Compass Minerals International Stock Performance

Shares of CMP stock opened at $31.91 on Friday. The stock has a fifty day moving average of $26.38 and a 200 day moving average of $23.27. Compass Minerals International, Inc. has a 52 week low of $16.40 and a 52 week high of $32.70. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 212.70 and a beta of 1.18. The company has a quick ratio of 1.34, a current ratio of 2.06 and a debt-to-equity ratio of 2.60.

Compass Minerals International (NYSE:CMP) last announced its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.63 EPS for the quarter, topping 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 company had revenue of $453.20 million during the quarter, compared to analyst estimates of $418.97 million. During the same quarter last year, the firm posted $0.63 earnings per share. The firm’s revenue was down 8.4% on a year-over-year basis. As a group, research analysts expect that Compass Minerals International, Inc. will post 0.87 earnings per share for the current year.

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.