Compass Minerals International, Inc. (NYSE:CMP) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its holdings in shares of Compass Minerals International, Inc. (NYSE:CMP) by 18.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 428,451 shares of the basic materials company’s stock after selling 99,658 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.03% of Compass Minerals International worth $5,150,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CMP. Denver PWM LLC acquired a new stake in Compass Minerals International during the 2nd quarter worth $29,000. Signaturefd LLC boosted its stake in Compass Minerals International by 629.4% during the 3rd quarter. Signaturefd LLC now owns 2,407 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 2,077 shares during the last quarter. Ridgewood Investments LLC acquired a new position in shares of Compass Minerals International during the 2nd quarter valued at about $37,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Compass Minerals International during the 2nd quarter valued at about $45,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Compass Minerals International during the 2nd quarter valued at about $46,000. Institutional investors and hedge funds own 99.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CMP shares. BMO Capital Markets reissued a “market perform” rating and set a $20.00 price target on shares of Compass Minerals International in a research report on Wednesday, September 18th. StockNews.com raised shares of Compass Minerals International to a “sell” rating in a research report on Wednesday, September 18th. One 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 presently has an average rating of “Hold” and a consensus price target of $31.00.

Compass Minerals International Trading Down 2.2 %

NYSE CMP opened at $13.29 on Friday. The firm’s 50-day moving average is $13.56 and its two-hundred day moving average is $11.90. Compass Minerals International, Inc. has a 12 month low of $7.51 and a 12 month high of $27.25. The company has a debt-to-equity ratio of 2.47, a current ratio of 2.90 and a quick ratio of 0.74. The stock has a market capitalization of $550.86 million, a P/E ratio of -3.24 and a beta of 1.17.

Compass Minerals International (NYSE:CMP) last posted its earnings results on Tuesday, September 17th. The basic materials company reported ($1.01) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $202.90 million during the quarter, compared to analyst estimates of $201.86 million. On average, sell-side analysts anticipate that Compass Minerals International, Inc. will post 0.04 earnings per share for the current year.

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.