TIAA CREF Investment Management LLC trimmed its holdings in shares of Compass Minerals (NYSE:CMP) by 7.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,113 shares of the basic materials company’s stock after selling 6,679 shares during the period. TIAA CREF Investment Management LLC owned about 0.25% of Compass Minerals worth $6,005,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of CMP. New York State Common Retirement Fund increased its stake in shares of Compass Minerals by 89.8% during the 3rd quarter. New York State Common Retirement Fund now owns 68,900 shares of the basic materials company’s stock worth $4,472,000 after purchasing an additional 32,600 shares in the last quarter. Legal & General Group Plc grew its stake in Compass Minerals by 11.8% in the 3rd quarter. Legal & General Group Plc now owns 41,348 shares of the basic materials company’s stock worth $2,681,000 after acquiring an additional 4,368 shares during the period. JPMorgan Chase & Co. grew its stake in Compass Minerals by 18.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,468 shares of the basic materials company’s stock worth $481,000 after acquiring an additional 1,151 shares during the period. Schwab Charles Investment Management Inc. grew its stake in Compass Minerals by 6.9% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 283,220 shares of the basic materials company’s stock worth $18,381,000 after acquiring an additional 18,334 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Compass Minerals by 3.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 871,464 shares of the basic materials company’s stock worth $56,557,000 after acquiring an additional 25,177 shares during the period.
Shares of NYSE CMP opened at $67.85 on Tuesday. Compass Minerals has a 52-week low of $56.50 and a 52-week high of $76.65. The firm has a market cap of $2,290.41, a PE ratio of 24.67 and a beta of 0.64. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.75 and a quick ratio of 1.67.
Compass Minerals (NYSE:CMP) last announced its quarterly earnings data on Tuesday, February 13th. The basic materials company reported $1.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.37 by $0.29. Compass Minerals had a net margin of 3.13% and a return on equity of 13.02%. The company had revenue of $457.90 million during the quarter, compared to analysts’ expectations of $468.52 million. sell-side analysts expect that Compass Minerals will post 2.89 EPS for the current fiscal year.
Several analysts have commented on CMP shares. Zacks Investment Research raised shares of Compass Minerals from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. Credit Suisse Group cut shares of Compass Minerals from a “neutral” rating to an “underperform” rating and lifted their target price for the stock from $59.72 to $60.00 in a research note on Wednesday, February 14th. TheStreet cut shares of Compass Minerals from a “b” rating to a “c+” rating in a research note on Tuesday, February 13th. BMO Capital Markets lowered their target price on shares of Compass Minerals from $75.00 to $70.00 and set a “market perform” rating for the company in a research note on Thursday, February 15th. Finally, Stifel Nicolaus lowered their target price on shares of Compass Minerals from $85.00 to $79.00 and set a “buy” rating for the company in a research note on Friday, February 16th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $71.50.
In other Compass Minerals news, SVP Steven N. Berger bought 750 shares of Compass Minerals stock in a transaction that occurred on Wednesday, March 28th. The shares were acquired at an average price of $59.35 per share, for a total transaction of $44,512.50. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Francis Joseph Malecha sold 1,572 shares of Compass Minerals stock in a transaction on Monday, March 12th. The shares were sold at an average price of $63.21, for a total transaction of $99,366.12. The disclosure for this sale can be found here. Insiders have sold a total of 2,229 shares of company stock valued at $140,895 over the last three months. Corporate insiders own 0.94% of the company’s stock.
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Compass Minerals Profile
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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