Compass Minerals International, Inc. (NYSE:CMP) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP increased its holdings in Compass Minerals International, Inc. (NYSE:CMP) by 16.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 140,097 shares of the basic materials company’s stock after acquiring an additional 19,455 shares during the quarter. Wellington Management Group LLP owned approximately 0.34% of Compass Minerals International worth $3,547,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. CarsonAllaria Wealth Management Ltd. grew its position in shares of Compass Minerals International by 12.9% during the fourth quarter. CarsonAllaria Wealth Management Ltd. now owns 4,235 shares of the basic materials company’s stock worth $107,000 after buying an additional 484 shares in the last quarter. Ulland Investment Advisors LLC grew its holdings in Compass Minerals International by 116.9% during the 4th quarter. Ulland Investment Advisors LLC now owns 4,490 shares of the basic materials company’s stock worth $114,000 after acquiring an additional 2,420 shares in the last quarter. Studio Investment Management LLC increased its position in shares of Compass Minerals International by 157.0% in the 3rd quarter. Studio Investment Management LLC now owns 5,934 shares of the basic materials company’s stock worth $166,000 after purchasing an additional 3,625 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Compass Minerals International in the 3rd quarter valued at about $218,000. Finally, Harbour Trust & Investment Management Co bought a new position in shares of Compass Minerals International during the fourth quarter worth about $213,000. Hedge funds and other institutional investors own 99.78% of the company’s stock.

Compass Minerals International Stock Down 2.5 %

Shares of Compass Minerals International stock opened at $10.33 on Monday. The stock has a market capitalization of $426.94 million, a price-to-earnings ratio of -4.94, a PEG ratio of 0.46 and a beta of 1.17. The business’s 50 day simple moving average is $12.48 and its 200-day simple moving average is $17.71. The company has a current ratio of 2.98, a quick ratio of 1.15 and a debt-to-equity ratio of 2.25. Compass Minerals International, Inc. has a twelve month low of $10.29 and a twelve month high of $39.78.

Compass Minerals International (NYSE:CMP) last posted its earnings results on Tuesday, May 7th. The basic materials company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $1.26. The company had revenue of $364.00 million for the quarter, compared to analysts’ expectations of $386.97 million. Compass Minerals International had a positive return on equity of 22.03% and a negative net margin of 7.47%. The firm’s quarterly revenue was down 11.5% compared to the same quarter last year. During the same period last year, the business posted ($0.46) earnings per share. Equities research analysts forecast that Compass Minerals International, Inc. will post 0.55 earnings per share for the current year.

Analyst Ratings Changes

CMP has been the topic of a number of research analyst reports. Loop Capital raised Compass Minerals International from a “hold” rating to a “buy” rating and reduced their target price for the stock from $26.00 to $23.00 in a report on Friday, April 26th. BMO Capital Markets dropped their price target on Compass Minerals International from $25.00 to $20.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Compass Minerals International presently has an average rating of “Hold” and an average target price of $31.00.

Compass Minerals International Company Profile

Compass Minerals International, Inc, provides essential minerals in the United States, Canada, the United Kingdom, and internationally. It operates through two segments, Salt and Plant Nutrition. The Salt segment produces, markets, and sells 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 sodium chloride to produce specialty products.