Charles Schwab Investment Management Inc. Sells 99,658 Shares of Compass Minerals International, Inc. (NYSE:CMP)

Charles Schwab Investment Management Inc. cut its stake in Compass Minerals International, Inc. (NYSE:CMP - Free Report) by 18.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 428,451 shares of the basic materials company's stock after selling 99,658 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.03% of Compass Minerals International worth $5,150,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. CarsonAllaria Wealth Management Ltd. lifted its holdings in shares of Compass Minerals International by 26.2% during the second quarter. CarsonAllaria Wealth Management Ltd. now owns 4,659 shares of the basic materials company's stock worth $48,000 after purchasing an additional 966 shares during the period. Inspire Investing LLC raised its position in shares of Compass Minerals International by 3.9% during the 3rd quarter. Inspire Investing LLC now owns 38,326 shares of the basic materials company's stock valued at $461,000 after buying an additional 1,437 shares during the period. Wolverine Asset Management LLC raised its holdings in Compass Minerals International by 2.3% in the 3rd quarter. Wolverine Asset Management LLC now owns 66,940 shares of the basic materials company's stock valued at $805,000 after buying an additional 1,482 shares during the period. Signaturefd LLC lifted its holdings in shares of Compass Minerals International by 629.4% in the 3rd quarter. Signaturefd LLC now owns 2,407 shares of the basic materials company's stock worth $29,000 after acquiring an additional 2,077 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC lifted its stake in Compass Minerals International by 0.3% during the second quarter. Thompson Siegel & Walmsley LLC now owns 860,796 shares of the basic materials company's stock worth $8,892,000 after purchasing an additional 2,167 shares in the last quarter. 99.78% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CMP has been the topic of a number of recent analyst reports. BMO Capital Markets reiterated a "market perform" rating and issued a $20.00 price objective on shares of Compass Minerals International in a report on Wednesday, September 18th. StockNews.com raised Compass Minerals International to a "sell" rating in a report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $31.00.

Compass Minerals International Stock Down 2.0 %

CMP traded down $0.26 during trading hours on Friday, hitting $13.02. The company's stock had a trading volume of 296,301 shares, compared to its average volume of 809,627. The company has a 50-day simple moving average of $13.56 and a 200 day simple moving average of $11.90. The company has a quick ratio of 0.74, a current ratio of 2.90 and a debt-to-equity ratio of 2.47. Compass Minerals International, Inc. has a fifty-two week low of $7.51 and a fifty-two week high of $27.25.

Compass Minerals International (NYSE:CMP - Get Free Report) last issued its quarterly earnings results on Tuesday, September 17th. The basic materials company reported ($1.01) EPS for the quarter, missing the consensus estimate of ($0.67) by ($0.34). The firm had revenue of $202.90 million during the quarter, compared to analysts' expectations of $201.86 million. Compass Minerals International had a negative net margin of 14.81% and a positive return on equity of 4.75%. As a group, equities research analysts expect that Compass Minerals International, Inc. will post 0.04 earnings per share for the current year.

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.