Compass Minerals International, Inc. (NYSE:CMP) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its holdings in Compass Minerals International, Inc. (NYSE:CMP) by 31.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 696,320 shares of the basic materials company’s stock after selling 320,150 shares during the quarter. Dimensional Fund Advisors LP owned 1.68% of Compass Minerals International worth $7,194,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Compass Minerals International by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 4,579,361 shares of the basic materials company’s stock worth $72,079,000 after buying an additional 160,632 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its position in Compass Minerals International by 0.3% in the second quarter. Thompson Siegel & Walmsley LLC now owns 860,796 shares of the basic materials company’s stock worth $8,892,000 after purchasing an additional 2,167 shares during the period. Invenomic Capital Management LP bought a new position in Compass Minerals International during the 1st quarter valued at $7,486,000. Bank of New York Mellon Corp boosted its stake in Compass Minerals International by 10.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 405,238 shares of the basic materials company’s stock valued at $4,186,000 after purchasing an additional 39,383 shares in the last quarter. Finally, Cove Street Capital LLC increased its position in shares of Compass Minerals International by 35.3% during the 1st quarter. Cove Street Capital LLC now owns 310,188 shares of the basic materials company’s stock valued at $4,882,000 after purchasing an additional 80,980 shares during the period. 99.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CMP has been the subject of several research analyst reports. BMO Capital Markets restated a “market perform” rating and issued a $20.00 price objective on shares of Compass Minerals International in a report on Wednesday, September 18th. StockNews.com raised shares of Compass Minerals International to a “sell” rating in a report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $31.00.

Compass Minerals International Stock Performance

CMP opened at $12.11 on Wednesday. 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 firm has a market cap of $500.55 million, a PE ratio of -5.79, a P/E/G ratio of 1.16 and a beta of 1.11. The business has a fifty day simple moving average of $10.30 and a 200-day simple moving average of $11.84. Compass Minerals International, Inc. has a fifty-two week low of $7.51 and a fifty-two week high of $28.70.

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.