Compass Minerals International, Inc. (NYSE:CMP) Shares Bought by Rhumbline Advisers

Rhumbline Advisers boosted its position in shares of Compass Minerals International, Inc. (NYSE:CMP) by 7.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,035 shares of the basic materials company’s stock after purchasing an additional 7,966 shares during the period. Rhumbline Advisers owned approximately 0.27% of Compass Minerals International worth $1,157,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Ridgewood Investments LLC acquired a new stake in Compass Minerals International during the 2nd quarter valued at $37,000. Allspring Global Investments Holdings LLC bought a new position in Compass Minerals International during the 2nd quarter valued at $45,000. CarsonAllaria Wealth Management Ltd. boosted its stake in Compass Minerals International by 26.2% during the 2nd quarter. CarsonAllaria Wealth Management Ltd. now owns 4,659 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 966 shares during the last quarter. Summit Securities Group LLC bought a new position in Compass Minerals International during the 2nd quarter valued at $94,000. Finally, PNC Financial Services Group Inc. boosted its stake 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 acquiring an additional 2,376 shares during the last quarter. 99.78% of the stock is owned by institutional investors and hedge funds.

Compass Minerals International Trading Up 2.0 %

Compass Minerals International stock opened at $11.34 on Monday. The firm’s 50-day moving average is $10.47 and its 200-day moving average is $12.47. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.15 and a current ratio of 2.98. Compass Minerals International, Inc. has a 1 year low of $7.51 and a 1 year high of $28.70. The company has a market cap of $468.73 million, a P/E ratio of -5.43, a PEG ratio of 0.37 and a beta of 1.10.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CMP shares. BMO Capital Markets reiterated a “market perform” rating and set a $20.00 price objective on shares of Compass Minerals International in a research note on Wednesday, September 18th. StockNews.com upgraded shares of Compass Minerals International to a “sell” rating in a research note on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $31.00.

About Compass Minerals International

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.