Texas Permanent School Fund Corp Acquires 4,976 Shares of Compass Minerals International, Inc. (NYSE:CMP)

Texas Permanent School Fund Corp boosted its holdings in Compass Minerals International, Inc. (NYSE:CMP) by 16.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 34,427 shares of the basic materials company’s stock after purchasing an additional 4,976 shares during the quarter. Texas Permanent School Fund Corp owned about 0.08% of Compass Minerals International worth $356,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in CMP. Vanguard Group Inc. grew its stake in Compass Minerals International by 3.6% in the first quarter. Vanguard Group Inc. now owns 4,579,361 shares of the basic materials company’s stock valued at $72,079,000 after acquiring an additional 160,632 shares during the period. Morningstar Investment Services LLC grew its stake in Compass Minerals International by 89.2% in the fourth quarter. Morningstar Investment Services LLC now owns 1,352,718 shares of the basic materials company’s stock valued at $35,333,000 after acquiring an additional 637,883 shares during the period. Dimensional Fund Advisors LP grew its stake in Compass Minerals International by 16.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,246,855 shares of the basic materials company’s stock valued at $31,572,000 after acquiring an additional 172,018 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Compass Minerals International by 6.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 549,492 shares of the basic materials company’s stock valued at $13,913,000 after acquiring an additional 34,193 shares during the period. Finally, Invenomic Capital Management LP acquired a new stake in Compass Minerals International in the first quarter valued at approximately $7,486,000. 99.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CMP has been the subject of a number of research reports. BMO Capital Markets reissued a “market perform” rating and issued a $20.00 price objective on shares of Compass Minerals International in a research note on Wednesday. StockNews.com raised Compass Minerals International to a “sell” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $31.00.

Compass Minerals International Stock Up 2.0 %

Shares of NYSE:CMP opened at $11.34 on Friday. The stock has a market cap of $468.73 million, a price-to-earnings ratio of -5.43, a PEG ratio of 0.37 and a beta of 1.10. The company has a quick ratio of 1.15, a current ratio of 2.98 and a debt-to-equity ratio of 2.25. Compass Minerals International, Inc. has a 12-month low of $7.51 and a 12-month high of $28.70. The business’s 50 day moving average is $10.47 and its 200 day moving average is $12.54.

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.