Engine Capital Management LP Acquires New Position in Compass Minerals International, Inc. $CMP

Engine Capital Management LP acquired a new stake in Compass Minerals International, Inc. (NYSE:CMP) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 383,325 shares of the basic materials company’s stock, valued at approximately $7,529,000. Compass Minerals International accounts for 1.0% of Engine Capital Management LP’s holdings, making the stock its 16th largest holding. Engine Capital Management LP owned approximately 0.92% of Compass Minerals International as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of CMP. Royal Bank of Canada raised its holdings in Compass Minerals International by 10.5% in the first quarter. Royal Bank of Canada now owns 49,928 shares of the basic materials company’s stock worth $464,000 after purchasing an additional 4,740 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Compass Minerals International by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,665 shares of the basic materials company’s stock worth $192,000 after buying an additional 858 shares during the period. JPMorgan Chase & Co. raised its stake in Compass Minerals International by 16.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 191,626 shares of the basic materials company’s stock worth $3,850,000 after buying an additional 26,531 shares during the period. Legal & General Group Plc raised its stake in Compass Minerals International by 15.4% during the 2nd quarter. Legal & General Group Plc now owns 39,625 shares of the basic materials company’s stock worth $796,000 after buying an additional 5,292 shares during the period. Finally, Prudential Financial Inc. acquired a new stake in Compass Minerals International during the 2nd quarter worth $267,000. 99.78% of the stock is currently owned by institutional investors and hedge funds.

Compass Minerals International Trading Up 0.0%

Shares of NYSE:CMP opened at $31.09 on Thursday. Compass Minerals International, Inc. has a 12 month low of $16.40 and a 12 month high of $34.50. The company has a quick ratio of 1.34, a current ratio of 2.06 and a debt-to-equity ratio of 2.60. The company’s fifty day simple moving average is $28.45 and its 200 day simple moving average is $24.52. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 207.29 and a beta of 1.23.

Compass Minerals International (NYSE:CMP) last issued its quarterly earnings data 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 net margin of 0.55% and a return on equity of 8.99%. The business had revenue of $453.20 million for the quarter, compared to analyst estimates of $418.97 million. During the same period last year, the business posted $0.63 earnings per share. The firm’s quarterly revenue was down 8.4% on a year-over-year basis. As a group, research analysts forecast that Compass Minerals International, Inc. will post 0.82 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CMP has been the topic of several research analyst reports. Weiss Ratings downgraded Compass Minerals International from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, June 3rd. Wall Street Zen downgraded Compass Minerals International from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. JPMorgan Chase & Co. raised Compass Minerals International from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $20.00 to $30.00 in a research note on Thursday, May 14th. Zacks Research downgraded Compass Minerals International from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $35.00 price objective on shares of Compass Minerals International in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $28.80.

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.