72,714 Shares in Compass Minerals International, Inc. $CMP Purchased by SummerHaven Investment Management LLC

SummerHaven Investment Management LLC bought a new stake in Compass Minerals International, Inc. (NYSE:CMP) during the third quarter, Holdings Channel reports. The institutional investor bought 72,714 shares of the basic materials company’s stock, valued at approximately $1,603,000. Compass Minerals International comprises 1.1% of SummerHaven Investment Management LLC’s holdings, making the stock its 14th largest position.

A number of other institutional investors have also modified their holdings of CMP. Engine Capital Management LP raised its position in Compass Minerals International by 275.4% in the 1st quarter. Engine Capital Management LP now owns 1,439,065 shares of the basic materials company’s stock valued at $33,602,000 after purchasing an additional 1,055,740 shares during the last quarter. Irenic Capital Management LP purchased a new position in Compass Minerals International during the 1st quarter worth $33,520,000. Bank of America Corp DE grew its position in Compass Minerals International by 692.8% during the 1st quarter. Bank of America Corp DE now owns 1,253,045 shares of the basic materials company’s stock worth $29,259,000 after purchasing an additional 1,094,987 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Compass Minerals International by 18.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 913,683 shares of the basic materials company’s stock worth $21,333,000 after purchasing an additional 140,918 shares during the last quarter. Finally, O Keefe Stevens Advisory Inc. increased its stake in Compass Minerals International by 4.1% in the third quarter. O Keefe Stevens Advisory Inc. now owns 657,161 shares of the basic materials company’s stock valued at $14,484,000 after purchasing an additional 25,889 shares during the period. 99.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CMP shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $27.00 target price (down from $30.00) on shares of Compass Minerals International in a report on Monday, August 10th. Wall Street Zen downgraded shares of Compass Minerals International from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Weiss Ratings upgraded shares of Compass Minerals International from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, August 28th. Deutsche Bank Aktiengesellschaft lowered their price target on Compass Minerals International from $35.00 to $32.00 and set a “buy” rating on the stock in a report on Monday, August 31st. Finally, Compass Point set a $27.00 price target on Compass Minerals International in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $27.00.

Compass Minerals International Stock Performance

Shares of CMP stock opened at $22.28 on Friday. The company has a market cap of $935.44 million, a price-to-earnings ratio of 51.82 and a beta of 1.25. The stock has a 50 day simple moving average of $24.16 and a 200-day simple moving average of $27.01. Compass Minerals International, Inc. has a 12-month low of $16.40 and a 12-month high of $34.50. The company has a current ratio of 2.01, a quick ratio of 0.98 and a debt-to-equity ratio of 2.72.

Compass Minerals International (NYSE:CMP) last posted its quarterly earnings results on Wednesday, August 5th. The basic materials company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.08). Compass Minerals International had a net margin of 1.42% and a return on equity of 12.75%. The business had revenue of $215.30 million during the quarter, compared to analyst estimates of $207.75 million. During the same period in the prior year, the business earned ($0.39) earnings per share. The firm’s quarterly revenue was up .3% compared to the same quarter last year. On average, equities analysts forecast that Compass Minerals International, Inc. will post 0.93 EPS for the current year.

Compass Minerals International Profile

Compass Minerals International, Inc is a producer of essential minerals serving the transportation, agriculture, consumer products and industrial markets. The company’s principal businesses are salt and plant nutrition, with operations and customers primarily in North America.

Compass Minerals produces highway deicing salt used by transportation agencies and municipalities to help keep roads clear during winter weather. It also supplies salt for food processing, water treatment, animal feed, chemical manufacturing and other industrial and consumer applications.