SailingStone Capital Partners LLC Sells 1,474,245 Shares of Compass Minerals International, Inc. $CMP

SailingStone Capital Partners LLC trimmed its holdings in shares of Compass Minerals International, Inc. (NYSE:CMP) by 30.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,351,366 shares of the basic materials company’s stock after selling 1,474,245 shares during the period. Compass Minerals International accounts for about 20.1% of SailingStone Capital Partners LLC’s holdings, making the stock its biggest holding. SailingStone Capital Partners LLC owned approximately 0.08% of Compass Minerals International worth $104,328,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in CMP. Royal Bank of Canada lifted its stake in shares of Compass Minerals International by 10.5% during the first quarter. Royal Bank of Canada now owns 49,928 shares of the basic materials company’s stock worth $464,000 after purchasing an additional 4,740 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Compass Minerals International by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,665 shares of the basic materials company’s stock valued at $192,000 after buying an additional 858 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Compass Minerals International by 16.1% in the second quarter. JPMorgan Chase & Co. now owns 191,626 shares of the basic materials company’s stock valued at $3,850,000 after buying an additional 26,531 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Compass Minerals International by 15.4% during the 2nd quarter. Legal & General Group Plc now owns 39,625 shares of the basic materials company’s stock valued at $796,000 after buying an additional 5,292 shares during the period. Finally, Prudential Financial Inc. purchased a new stake in shares of Compass Minerals International during the 2nd quarter valued at about $267,000. 99.78% of the stock is owned by hedge funds and other institutional investors.

Compass Minerals International Stock Performance

Compass Minerals International stock opened at $25.68 on Thursday. The company has a debt-to-equity ratio of 2.72, a current ratio of 2.01 and a quick ratio of 0.98. Compass Minerals International, Inc. has a 12 month low of $16.40 and a 12 month high of $34.50. The company has a fifty day moving average price of $27.56 and a two-hundred day moving average price of $27.13. The company has a market cap of $1.08 billion, a PE ratio of 59.71 and a beta of 1.22.

Compass Minerals International (NYSE:CMP) last issued its earnings results on Wednesday, August 5th. The basic materials company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.08). Compass Minerals International had a return on equity of 12.75% and a net margin of 1.42%.The business had revenue of $215.30 million for the quarter, compared to analyst estimates of $207.75 million. During the same period last year, the company posted ($0.39) earnings per share. The firm’s revenue for the quarter was up .3% on a year-over-year basis. Research analysts expect that Compass Minerals International, Inc. will post 0.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CMP shares. Deutsche Bank Aktiengesellschaft decreased their price target on Compass Minerals International from $35.00 to $32.00 and set a “buy” rating for the company in a report on Monday, August 31st. Wall Street Zen cut shares of Compass Minerals International from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $27.00 price target (down from $30.00) on shares of Compass Minerals International in a report on Monday, August 10th. Weiss Ratings upgraded shares of Compass Minerals International from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, August 28th. Finally, Compass Point set a $27.00 price objective on shares of Compass Minerals International in a research report on Monday, August 10th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $27.00.

About Compass Minerals International

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.