Raymond James Financial Inc. Invests $1.44 Million in Compass Minerals International, Inc. (NYSE:CMP)

Raymond James Financial Inc. acquired a new position in Compass Minerals International, Inc. (NYSE:CMP - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 127,929 shares of the basic materials company's stock, valued at approximately $1,439,000. Raymond James Financial Inc. owned approximately 0.31% of Compass Minerals International as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Lightrock Netherlands B.V. acquired a new stake in shares of Compass Minerals International in the fourth quarter valued at approximately $6,394,000. Michelson Medical Research Foundation Inc. bought a new position in Compass Minerals International during the 3rd quarter worth $6,070,000. Bank of Montreal Can raised its holdings in Compass Minerals International by 127.5% in the 3rd quarter. Bank of Montreal Can now owns 525,097 shares of the basic materials company's stock valued at $6,506,000 after acquiring an additional 294,333 shares in the last quarter. Invenomic Capital Management LP grew its holdings in shares of Compass Minerals International by 23.9% during the 3rd quarter. Invenomic Capital Management LP now owns 969,085 shares of the basic materials company's stock worth $11,648,000 after purchasing an additional 186,717 shares in the last quarter. Finally, Repertoire Partners LP bought a new position in shares of Compass Minerals International in the third quarter worth $1,202,000. Institutional investors own 99.78% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Compass Minerals International from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $13.00 to $15.00 in a research note on Wednesday, February 12th. BMO Capital Markets reduced their price target on shares of 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. Finally, StockNews.com upgraded shares of Compass Minerals International from a "sell" rating to a "hold" rating in a research report on Wednesday, February 12th.

Compass Minerals International Price Performance

Shares of CMP traded down $0.02 during mid-day trading on Friday, reaching $9.18. The company had a trading volume of 977,097 shares, compared to its average volume of 787,113. The company has a market capitalization of $380.88 million, a price-to-earnings ratio of -2.32 and a beta of 1.17. The company has a debt-to-equity ratio of 3.67, a quick ratio of 1.12 and a current ratio of 2.37. The company's 50 day simple moving average is $10.84 and its 200 day simple moving average is $12.15. 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 - Get Free Report) last posted its 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 return on equity of 10.00% and a negative net margin of 15.10%. Analysts expect that Compass Minerals International, Inc. will post -0.53 EPS 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.