First Eagle Investment Management LLC Acquires New Position in Compass Minerals International, Inc. (NYSE:CMP)

First Eagle Investment Management LLC acquired a new position in Compass Minerals International, Inc. (NYSE:CMP) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 121,203 shares of the basic materials company’s stock, valued at approximately $1,908,000. First Eagle Investment Management LLC owned 0.29% of Compass Minerals International as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. CarsonAllaria Wealth Management Ltd. raised its stake in Compass Minerals International by 12.9% during the 4th quarter. CarsonAllaria Wealth Management Ltd. now owns 4,235 shares of the basic materials company’s stock worth $107,000 after acquiring an additional 484 shares during the period. PNC Financial Services Group Inc. grew its holdings in Compass Minerals International by 117.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,391 shares of the basic materials company’s stock valued at $111,000 after buying an additional 2,376 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 valued at $114,000 after buying an additional 2,420 shares in the last quarter. Harbour Trust & Investment Management Co purchased a new stake in Compass Minerals International during the 4th quarter valued at approximately $213,000. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in Compass Minerals International by 7.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 8,410 shares of the basic materials company’s stock valued at $213,000 after buying an additional 617 shares in the last quarter. Institutional investors own 99.78% of the company’s stock.

Analyst Upgrades and Downgrades

CMP has been the subject of a number of recent research reports. BMO Capital Markets cut their target price on shares of Compass Minerals International from $25.00 to $20.00 and set a “market perform” rating for the company in a report on Tuesday, March 26th. Loop Capital raised shares of Compass Minerals International from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $26.00 to $23.00 in a research note on Friday, April 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $31.00.

Compass Minerals International Stock Down 2.6 %

Shares of CMP stock traded down $0.33 on Friday, hitting $12.29. The stock had a trading volume of 189,810 shares, compared to its average volume of 716,609. The company has a market cap of $507.95 million, a PE ratio of -5.82, a P/E/G ratio of 0.58 and a beta of 1.13. The company has a quick ratio of 1.15, a current ratio of 2.98 and a debt-to-equity ratio of 2.25. The business has a 50 day moving average price of $11.93 and a 200 day moving average price of $16.35. Compass Minerals International, Inc. has a one year low of $9.76 and a one year high of $39.78.

Compass Minerals International (NYSE:CMP) last issued its quarterly earnings results on Tuesday, May 7th. The basic materials company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $1.26. Compass Minerals International had a positive return on equity of 22.03% and a negative net margin of 7.47%. The business had revenue of $364.00 million for the quarter, compared to analyst estimates of $386.97 million. During the same quarter in the previous year, the firm earned ($0.46) earnings per share. The company’s revenue was down 11.5% on a year-over-year basis. Research analysts anticipate that Compass Minerals International, Inc. will post 0.55 earnings per share for the current fiscal year.

Compass Minerals International 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.