Compass Minerals International, Inc. (NYSE:CMP) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its holdings in Compass Minerals International, Inc. (NYSE:CMP - Free Report) by 54.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 128,465 shares of the basic materials company's stock after selling 155,660 shares during the quarter. Bank of New York Mellon Corp owned 0.31% of Compass Minerals International worth $1,445,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also made changes to their positions in CMP. Tsfg LLC acquired a new position in Compass Minerals International during the fourth quarter worth $28,000. Denver PWM LLC raised its stake in shares of Compass Minerals International by 33.8% during the 3rd quarter. Denver PWM LLC now owns 3,745 shares of the basic materials company's stock worth $45,000 after buying an additional 946 shares during the last quarter. New York State Common Retirement Fund boosted its position in shares of Compass Minerals International by 35.9% in the 4th quarter. New York State Common Retirement Fund now owns 7,189 shares of the basic materials company's stock worth $81,000 after buying an additional 1,900 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Compass Minerals International in the 3rd quarter valued at about $137,000. Finally, 272 Capital LP purchased a new position in Compass Minerals International during the 3rd quarter valued at about $226,000. Hedge funds and other institutional investors own 99.78% of the company's stock.

Analysts Set New Price Targets

CMP has been the topic of several recent research reports. StockNews.com upgraded shares of Compass Minerals International from a "sell" rating to a "hold" rating in a research report on Wednesday, February 12th. BMO Capital Markets dropped their price target on Compass Minerals International from $18.00 to $17.00 and set a "market perform" rating for the company in a research report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. raised Compass Minerals International from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $13.00 to $15.00 in a report on Wednesday, February 12th.

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Compass Minerals International Trading Down 1.6 %

NYSE CMP traded down $0.15 during mid-day trading on Thursday, reaching $9.52. 456,188 shares of the stock were exchanged, compared to its average volume of 594,993. The stock has a market capitalization of $395.12 million, a PE ratio of -2.41 and a beta of 1.27. The company has a debt-to-equity ratio of 3.67, a quick ratio of 1.12 and a current ratio of 2.37. Compass Minerals International, Inc. has a 1-year low of $7.51 and a 1-year high of $16.08. The business's fifty day simple moving average is $11.46 and its 200 day simple moving average is $12.12.

Compass Minerals International (NYSE:CMP - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The basic materials company reported ($0.55) earnings per share (EPS) for the quarter, missing the consensus estimate 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%. On average, research analysts anticipate that Compass Minerals International, Inc. will post -0.53 earnings per share for the current fiscal 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.