Krilogy Financial LLC Boosts Stake in Compass Minerals International, Inc. $CMP

Krilogy Financial LLC raised its stake in shares of Compass Minerals International, Inc. (NYSE:CMP) by 188.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,651 shares of the basic materials company’s stock after acquiring an additional 38,335 shares during the quarter. Krilogy Financial LLC owned approximately 0.14% of Compass Minerals International worth $1,516,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Comerica Bank lifted its stake in shares of Compass Minerals International by 80.0% during the 4th quarter. Comerica Bank now owns 1,868 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 830 shares during the last quarter. Headlands Technologies LLC purchased a new position in Compass Minerals International in the second quarter valued at about $83,000. Los Angeles Capital Management LLC bought a new position in Compass Minerals International in the fourth quarter worth about $122,000. Vestcor Inc bought a new position in Compass Minerals International in the third quarter worth about $158,000. Finally, CANADA LIFE ASSURANCE Co lifted its position in shares of Compass Minerals International by 194.5% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 9,393 shares of the basic materials company’s stock valued at $185,000 after buying an additional 6,204 shares during the last quarter. 99.78% of the stock is owned by institutional investors.

Compass Minerals International Stock Up 2.0%

Compass Minerals International stock opened at $28.67 on Thursday. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 191.13 and a beta of 1.23. Compass Minerals International, Inc. has a 52 week low of $16.40 and a 52 week high of $34.50. The business’s 50-day moving average price is $28.93 and its 200 day moving average price is $24.87. 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 (NYSE:CMP) last announced its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. Compass Minerals International had a return on equity of 8.99% and a net margin of 0.55%.The company had revenue of $453.20 million during the quarter, compared to the consensus estimate of $418.97 million. During the same period in the previous year, the company posted $0.63 earnings per share. Compass Minerals International’s revenue for the quarter was down 8.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Compass Minerals International, Inc. will post 0.82 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CMP shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Compass Minerals International in a research report on Wednesday, May 27th. Wall Street Zen cut Compass Minerals International from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. JPMorgan Chase & Co. upgraded Compass Minerals International from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $20.00 to $30.00 in a research note on Thursday, May 14th. Compass Point set a $30.00 price objective on shares of Compass Minerals International in a report on Thursday, May 14th. Finally, Weiss Ratings upgraded Compass Minerals International from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, June 18th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target 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.