Dynamic Technology Lab Private Ltd Acquires New Position in Compass Minerals International, Inc. (NYSE:CMP)

Dynamic Technology Lab Private Ltd bought a new position in Compass Minerals International, Inc. (NYSE:CMP) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 11,427 shares of the basic materials company’s stock, valued at approximately $137,000.

A number of other hedge funds have also added to or reduced their stakes in CMP. Vanguard Group Inc. raised its position in 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 valued at $72,079,000 after purchasing an additional 160,632 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Compass Minerals International by 4.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 32,722 shares of the basic materials company’s stock valued at $516,000 after acquiring an additional 1,358 shares in the last quarter. Virtu Financial LLC purchased a new stake in Compass Minerals International in the first quarter worth about $204,000. CarsonAllaria Wealth Management Ltd. grew its holdings 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 worth $48,000 after acquiring an additional 966 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position 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 during the period. 99.78% of the stock is currently owned by institutional investors.

Compass Minerals International Trading Down 2.2 %

NYSE:CMP opened at $15.09 on Tuesday. The stock has a market capitalization of $625.47 million, a price-to-earnings ratio of -3.68 and a beta of 1.10. Compass Minerals International, Inc. has a 52 week low of $7.51 and a 52 week high of $27.25. The company has a quick ratio of 0.74, a current ratio of 2.90 and a debt-to-equity ratio of 2.47. The firm has a 50 day moving average of $13.23 and a 200 day moving average of $11.83.

Compass Minerals International (NYSE:CMP) last issued its quarterly earnings data on Tuesday, September 17th. The basic materials company reported ($1.01) EPS for the quarter, missing the consensus estimate of ($0.67) by ($0.34). Compass Minerals International had a negative net margin of 14.81% and a positive return on equity of 4.75%. The business had revenue of $202.90 million for the quarter, compared to analysts’ expectations of $201.86 million. As a group, sell-side analysts anticipate that Compass Minerals International, Inc. will post 0.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CMP shares. StockNews.com raised shares of Compass Minerals International to a “sell” rating in a report on Wednesday, September 18th. BMO Capital Markets reiterated a “market perform” rating and issued a $20.00 price target on shares of Compass Minerals International in a report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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.