Cornell Pochily Investment Advisors Inc. bought a new position in shares of Compass Minerals International, Inc. (NYSE:CMP) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,676 shares of the basic materials company’s stock, valued at approximately $254,000.
A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in Compass Minerals International by 0.8% during the third quarter. Vanguard Group Inc. now owns 3,310,893 shares of the basic materials company’s stock worth $222,492,000 after purchasing an additional 24,801 shares in the last quarter. Laurel Wealth Advisors Inc. acquired a new stake in Compass Minerals International during the third quarter worth approximately $201,000. BlackRock Inc. increased its holdings in shares of Compass Minerals International by 0.9% in the 4th quarter. BlackRock Inc. now owns 3,922,568 shares of the basic materials company’s stock valued at $163,532,000 after acquiring an additional 33,948 shares during the period. Beacon Financial Group increased its holdings in shares of Compass Minerals International by 31.6% in the 4th quarter. Beacon Financial Group now owns 68,375 shares of the basic materials company’s stock valued at $2,813,000 after acquiring an additional 16,430 shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Compass Minerals International by 2.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 14,826 shares of the basic materials company’s stock valued at $618,000 after acquiring an additional 414 shares during the period. 94.57% of the stock is owned by institutional investors.
In other Compass Minerals International news, Chairman Richard S. Grant acquired 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The shares were acquired at an average cost of $52.54 per share, for a total transaction of $105,080.00. Following the transaction, the chairman now directly owns 25,194 shares of the company’s stock, valued at $1,323,692.76. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is owned by insiders.
Compass Minerals International (NYSE:CMP) last issued its earnings results on Tuesday, April 30th. The basic materials company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.01 by $0.21. The company had revenue of $403.70 million for the quarter, compared to analyst estimates of $417.50 million. Compass Minerals International had a net margin of 4.37% and a return on equity of 11.26%. The business’s revenue was down 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.37 EPS. Analysts forecast that Compass Minerals International, Inc. will post 2.55 EPS for the current year.
A number of equities analysts have recently commented on CMP shares. Zacks Investment Research raised shares of Compass Minerals International from a “sell” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Tuesday, January 15th. ValuEngine raised shares of Compass Minerals International from a “sell” rating to a “hold” rating in a research note on Friday, February 15th. Finally, BMO Capital Markets set a $60.00 price objective on shares of Compass Minerals International and gave the company a “hold” rating in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $59.02.
Compass Minerals International Profile
Compass Minerals International, Inc, produces and sells salt, and specialty plant nutrition and chemical products primarily in the United States, Canada, Brazil, and the United Kingdom. It operates through three segments: Salt, Plant Nutrition North America, and Plant Nutrition South America. The Salt segment offers 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 salt to produce specialty products.
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