Compass Minerals International, Inc. $CMP Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in shares of Compass Minerals International, Inc. (NYSE:CMP) by 18.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 913,683 shares of the basic materials company’s stock after purchasing an additional 140,918 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Compass Minerals International were worth $21,333,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. SailingStone Capital Partners LLC boosted its holdings in Compass Minerals International by 6.1% during the fourth quarter. SailingStone Capital Partners LLC now owns 5,414,067 shares of the basic materials company’s stock worth $106,332,000 after buying an additional 308,957 shares in the last quarter. Vanguard Group Inc. increased its holdings in Compass Minerals International by 14.7% in 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 buying an additional 354,960 shares in the last quarter. Ewing Morris & Co. Investment Partners Ltd. lifted its position in shares of Compass Minerals International by 201.7% during the 2nd 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 period. Gumshoe Capital Management LLC acquired a new stake in shares of Compass Minerals International during the 4th quarter valued at approximately $24,842,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Compass Minerals International by 17.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 800,364 shares of the basic materials company’s stock worth $15,719,000 after acquiring an additional 121,634 shares in the last quarter. Hedge funds and other institutional investors own 99.78% of the company’s stock.

Compass Minerals International Price Performance

Shares of NYSE:CMP opened at $25.64 on Friday. The company has a market cap of $1.08 billion, a P/E ratio of 59.63 and a beta of 1.23. 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, Inc. has a 52 week low of $16.40 and a 52 week high of $34.50. The business has a fifty day simple moving average of $30.03 and a 200-day simple moving average of $26.88.

Compass Minerals International (NYSE:CMP) last released its earnings results on Wednesday, August 5th. The basic materials company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.08). Compass Minerals International had a return on equity of 12.84% and a net margin of 1.42%.The business had revenue of $215.30 million for the quarter, compared to analysts’ expectations of $207.75 million. During the same quarter last year, the company posted ($0.39) earnings per share. The business’s quarterly revenue was up .3% compared to the same quarter last year. Equities research analysts forecast that Compass Minerals International, Inc. will post 0.82 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CMP shares. Compass Point set a $30.00 target price on Compass Minerals International in a report on Thursday, May 14th. JPMorgan Chase & Co. upgraded shares of Compass Minerals International from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $20.00 to $30.00 in a research report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $35.00 price objective on shares of Compass Minerals International in a research note on Wednesday, May 27th. Wall Street Zen downgraded shares of Compass Minerals International from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Finally, Weiss Ratings upgraded shares of Compass Minerals International from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, June 18th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Compass Minerals International currently has an average rating of “Hold” and an average target price of $28.80.

Compass Minerals International Company 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.