State Street Corp Has $9.55 Million Stock Holdings in Compass Minerals International, Inc. (NYSE:CMP)

State Street Corp cut its position in Compass Minerals International, Inc. (NYSE:CMP) by 64.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 794,072 shares of the basic materials company’s stock after selling 1,438,240 shares during the quarter. State Street Corp owned 1.92% of Compass Minerals International worth $9,545,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Denver PWM LLC acquired a new position in shares of Compass Minerals International in the second quarter worth approximately $29,000. Signaturefd LLC raised its stake in shares of Compass Minerals International by 629.4% in the third 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. Allspring Global Investments Holdings LLC bought a new position in shares of Compass Minerals International during the second quarter valued at about $45,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Compass Minerals International during the second quarter worth $46,000. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Compass Minerals International by 247.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 4,110 shares of the basic materials company’s stock worth $49,000 after buying an additional 2,928 shares during the last quarter. 99.78% of the stock is currently owned by institutional investors and hedge funds.

Compass Minerals International Stock Up 0.9 %

CMP opened at $10.85 on Friday. The business’s fifty day simple moving average is $13.39 and its 200 day simple moving average is $11.81. Compass Minerals International, Inc. has a 52 week low of $7.51 and a 52 week high of $26.79. 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 stock has a market cap of $449.77 million, a PE ratio of -2.65 and a beta of 1.17.

Compass Minerals International (NYSE:CMP) last announced its quarterly earnings data on Monday, December 16th. The basic materials company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.82). The business had revenue of $208.80 million during the quarter, compared to analysts’ expectations of $323.61 million. Compass Minerals International had a negative net margin of 14.81% and a positive return on equity of 4.75%. Compass Minerals International’s revenue for the quarter was down 38.9% on a year-over-year basis. During the same period last year, the company posted $0.05 EPS. As a group, research analysts expect that Compass Minerals International, Inc. will post 0.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CMP has been the subject of several research reports. BMO Capital Markets reduced their price objective on Compass Minerals International from $20.00 to $18.00 and set a “market perform” rating for the company in a report on Wednesday, December 18th. StockNews.com raised shares of Compass Minerals International to a “sell” rating in a report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $30.50.

Compass Minerals International Profile

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.