Compass Minerals International, Inc. (NYSE:CMP) Stock Holdings Decreased by State Street Corp

State Street Corp reduced its stake in Compass Minerals International, Inc. (NYSE:CMP - Free Report) by 64.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 794,072 shares of the basic materials company's stock after selling 1,438,240 shares during the quarter. State Street Corp owned about 1.92% of Compass Minerals International worth $9,545,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Signaturefd LLC lifted its position in Compass Minerals International by 629.4% during the third quarter. Signaturefd LLC now owns 2,407 shares of the basic materials company's stock worth $29,000 after buying an additional 2,077 shares during the period. Denver PWM LLC acquired a new stake in shares of Compass Minerals International in the second quarter worth approximately $29,000. Nisa Investment Advisors LLC grew its holdings in Compass Minerals International by 247.7% in the third quarter. Nisa Investment Advisors LLC now owns 4,110 shares of the basic materials company's stock valued at $49,000 after purchasing an additional 2,928 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in Compass Minerals International during the second quarter worth approximately $45,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Compass Minerals International in the 2nd quarter valued at $46,000. Institutional investors and hedge funds own 99.78% of the company's stock.

Compass Minerals International Stock Down 0.1 %

Compass Minerals International stock traded down $0.01 during trading on Friday, reaching $10.84. 380,698 shares of the company's stock were exchanged, compared to its average volume of 820,161. Compass Minerals International, Inc. has a 52-week low of $7.51 and a 52-week high of $26.39. The firm has a market cap of $449.35 million, a price-to-earnings ratio of -2.64 and a beta of 1.17. The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.74 and a current ratio of 2.90. The company's 50-day moving average is $13.33 and its two-hundred day moving average is $11.80.

Compass Minerals International (NYSE:CMP - Get Free Report) last released its quarterly earnings results on Monday, December 16th. The basic materials company reported ($0.77) earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.82). The company had revenue of $208.80 million during the quarter, compared to analysts' expectations of $323.61 million. Compass Minerals International had a positive return on equity of 4.75% and a negative net margin of 14.81%. The firm's revenue was down 38.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.05 EPS. On average, analysts predict that Compass Minerals International, Inc. will post 0.04 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CMP. StockNews.com upgraded Compass Minerals International to a "sell" rating in a report on Wednesday, September 18th. BMO Capital Markets cut their price objective on Compass Minerals International from $20.00 to $18.00 and set a "market perform" rating on the stock in a report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $30.50.

Compass Minerals International 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.