Compass Minerals International, Inc. (CMP) Stake Reduced by New Mexico Educational Retirement Board

Compass Minerals International, Inc. (CMP) Stake Reduced by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board cut its stake in shares of Compass Minerals International, Inc. (NYSE:CMP) by 13.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,800 shares of the basic materials company’s stock after selling 1,100 shares during the period. New Mexico Educational Retirement Board’s holdings in Compass Minerals International were worth $283,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Verity & Verity LLC increased its position in shares of Compass Minerals International by 4.3% during the fourth quarter. Verity & Verity LLC now owns 6,095 shares of the basic materials company’s stock valued at $254,000 after acquiring an additional 250 shares during the last quarter. Arizona State Retirement System increased its position in shares of Compass Minerals International by 1.1% during the fourth quarter. Arizona State Retirement System now owns 24,297 shares of the basic materials company’s stock valued at $1,013,000 after acquiring an additional 261 shares during the last quarter. We Are One Seven LLC increased its position in shares of Compass Minerals International by 19.9% during the fourth quarter. We Are One Seven LLC now owns 4,846 shares of the basic materials company’s stock valued at $202,000 after acquiring an additional 804 shares during the last quarter. Legal & General Group Plc increased its position in shares of Compass Minerals International by 2.2% during the third quarter. Legal & General Group Plc now owns 40,655 shares of the basic materials company’s stock valued at $2,732,000 after acquiring an additional 871 shares during the last quarter. Finally, Callahan Advisors LLC increased its position in shares of Compass Minerals International by 16.7% during the fourth quarter. Callahan Advisors LLC now owns 7,000 shares of the basic materials company’s stock valued at $292,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 96.14% of the company’s stock.

In other news, CFO James D. Standen purchased 750 shares of the firm’s stock in a transaction that occurred on Friday, December 7th. The stock was bought at an average price of $47.75 per share, for a total transaction of $35,812.50. Following the completion of the purchase, the chief financial officer now directly owns 2,090 shares of the company’s stock, valued at $99,797.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.94% of the stock is owned by insiders.

Shares of Compass Minerals International stock opened at $52.62 on Tuesday. Compass Minerals International, Inc. has a 52-week low of $38.19 and a 52-week high of $71.25. The company has a quick ratio of 1.32, a current ratio of 2.55 and a debt-to-equity ratio of 2.47. The company has a market capitalization of $1.76 billion, a P/E ratio of 19.13 and a beta of 1.38.

Compass Minerals International (NYSE:CMP) last issued its quarterly earnings results on Monday, February 11th. The basic materials company reported $1.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.38). Compass Minerals International had a return on equity of 12.10% and a net margin of 0.91%. On average, equities research analysts anticipate that Compass Minerals International, Inc. will post 2.24 EPS for the current fiscal year.

A number of equities research analysts have weighed in on CMP shares. Zacks Investment Research cut shares of Compass Minerals International from a “hold” rating to a “strong sell” rating in a research report on Monday, February 4th. BMO Capital Markets dropped their price target on shares of Compass Minerals International from $70.00 to $65.00 and set a “market perform” rating for the company in a research report on Wednesday, October 24th. Credit Suisse Group cut shares of Compass Minerals International from a “neutral” rating to an “underperform” rating and set a $48.06 price objective for the company. in a report on Sunday, December 2nd. Monness Crespi & Hardt dropped their price objective on shares of Compass Minerals International from $76.00 to $63.00 and set a “buy” rating for the company in a report on Friday, November 2nd. Finally, ValuEngine cut shares of Compass Minerals International from a “hold” rating to a “sell” rating in a report on Tuesday, October 23rd. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $62.34.

About Compass Minerals International

Compass Minerals International, Inc, produces and sells salt, and specialty plant nutrition and chemical products primarily in the United States, Canada, Brazil, and the United Kingdom. It operates in three segments: Salt, Plant Nutrition North America, and Plant Nutrition South America. The Salt segment offers 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 salt to produce specialty products.

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