Pacer Advisors Inc. Takes Position in Compass Minerals International, Inc. $CMP

Pacer Advisors Inc. bought a new position in shares of Compass Minerals International, Inc. (NYSE:CMP) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 290,210 shares of the basic materials company’s stock, valued at approximately $5,572,000. Pacer Advisors Inc. owned approximately 0.70% of Compass Minerals International as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CWM LLC raised its holdings in Compass Minerals International by 95.0% during the second quarter. CWM LLC now owns 1,363 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 664 shares in the last quarter. AlphaQuest LLC grew its position in shares of Compass Minerals International by 690,800.0% in the 1st quarter. AlphaQuest LLC now owns 6,909 shares of the basic materials company’s stock valued at $64,000 after buying an additional 6,908 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in Compass Minerals International by 37.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,967 shares of the basic materials company’s stock worth $80,000 after acquiring an additional 1,084 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Compass Minerals International in the second quarter valued at $83,000. Finally, Police & Firemen s Retirement System of New Jersey boosted its stake in Compass Minerals International by 11.2% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 7,863 shares of the basic materials company’s stock valued at $158,000 after acquiring an additional 791 shares in the last quarter. 99.78% of the stock is owned by institutional investors and hedge funds.

Compass Minerals International Price Performance

Shares of NYSE CMP opened at $19.56 on Tuesday. The stock has a fifty day moving average price of $18.34 and a 200 day moving average price of $19.24. Compass Minerals International, Inc. has a 1-year low of $8.60 and a 1-year high of $22.69. The company has a debt-to-equity ratio of 3.55, a current ratio of 2.15 and a quick ratio of 0.98. The company has a market cap of $817.79 million, a PE ratio of -10.18 and a beta of 1.16.

Compass Minerals International (NYSE:CMP) last announced its quarterly earnings data on Monday, December 8th. The basic materials company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.02). Compass Minerals International had a negative net margin of 6.42% and a negative return on equity of 8.22%. The firm had revenue of $227.50 million during the quarter, compared to analyst estimates of $223.72 million. During the same period in the prior year, the firm posted ($0.77) earnings per share. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. Sell-side analysts forecast that Compass Minerals International, Inc. will post -0.53 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on CMP. Compass Point set a $22.00 target price on Compass Minerals International in a research report on Tuesday, December 16th. Zacks Research upgraded Compass Minerals International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Compass Minerals International in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Compass Minerals International from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, December 11th. Finally, Wall Street Zen upgraded shares of Compass Minerals International from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $20.60.

Compass Minerals International 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.