127,929 Shares in Compass Minerals International, Inc. (NYSE:CMP) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in Compass Minerals International, Inc. (NYSE:CMP) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 127,929 shares of the basic materials company’s stock, valued at approximately $1,439,000. Raymond James Financial Inc. owned 0.31% of Compass Minerals International as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Tsfg LLC purchased a new position in shares of Compass Minerals International during the 4th quarter valued at $28,000. Denver PWM LLC boosted its position in Compass Minerals International by 33.8% during the third quarter. Denver PWM LLC now owns 3,745 shares of the basic materials company’s stock valued at $45,000 after purchasing an additional 946 shares during the last quarter. New York State Common Retirement Fund boosted its position in Compass Minerals International by 35.9% during the fourth quarter. New York State Common Retirement Fund now owns 7,189 shares of the basic materials company’s stock valued at $81,000 after purchasing an additional 1,900 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Compass Minerals International in the third quarter worth approximately $137,000. Finally, Jones Financial Companies Lllp increased its stake in shares of Compass Minerals International by 44.1% during the 4th quarter. Jones Financial Companies Lllp now owns 18,111 shares of the basic materials company’s stock worth $204,000 after purchasing an additional 5,544 shares during the last quarter. Institutional investors and hedge funds own 99.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CMP shares. StockNews.com raised shares of Compass Minerals International from a “sell” rating to a “hold” rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. upgraded shares of Compass Minerals International from a “neutral” rating to an “overweight” rating and upped their price target for the company from $13.00 to $15.00 in a report on Wednesday, February 12th. Finally, BMO Capital Markets lowered their price target on Compass Minerals International from $18.00 to $17.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 12th.

Compass Minerals International Stock Down 2.0 %

CMP opened at $9.11 on Wednesday. The business has a 50 day moving average of $11.09 and a 200-day moving average of $12.17. The stock has a market capitalization of $377.94 million, a price-to-earnings ratio of -2.31 and a beta of 1.27. The company has a current ratio of 2.37, a quick ratio of 1.12 and a debt-to-equity ratio of 3.67. Compass Minerals International, Inc. has a 1-year low of $7.51 and a 1-year high of $15.82.

Compass Minerals International (NYSE:CMP) last issued its quarterly earnings results on Monday, February 10th. The basic materials company reported ($0.55) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.50). Compass Minerals International had a negative net margin of 15.10% and a negative return on equity of 10.00%. As a group, sell-side analysts anticipate that Compass Minerals International, Inc. will post -0.53 earnings per share for the current year.

Compass Minerals International Company 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.