Select Equity Group L.P. Trims Stake in Compass Minerals International, Inc. (NYSE:CMP)

Select Equity Group L.P. cut its position in shares of Compass Minerals International, Inc. (NYSE:CMP) by 1.0% in the second quarter, HoldingsChannel reports. The firm owned 2,916,457 shares of the basic materials company’s stock after selling 28,264 shares during the period. Select Equity Group L.P. owned about 0.07% of Compass Minerals International worth $30,127,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CMP. Vanguard Group Inc. increased its holdings in Compass Minerals International by 3.6% during the first quarter. Vanguard Group Inc. now owns 4,579,361 shares of the basic materials company’s stock valued at $72,079,000 after buying an additional 160,632 shares during the period. Morningstar Investment Services LLC boosted its position in Compass Minerals International by 89.2% during the 4th quarter. Morningstar Investment Services LLC now owns 1,352,718 shares of the basic materials company’s stock valued at $35,333,000 after acquiring an additional 637,883 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Compass Minerals International by 16.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,246,855 shares of the basic materials company’s stock worth $31,572,000 after acquiring an additional 172,018 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its position in shares of Compass Minerals International by 0.3% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 860,796 shares of the basic materials company’s stock worth $8,892,000 after acquiring an additional 2,167 shares in the last quarter. Finally, Invenomic Capital Management LP purchased a new stake in shares of Compass Minerals International during the 1st quarter worth $7,486,000. 99.78% of the stock is currently owned by hedge funds and other institutional investors.

Compass Minerals International Trading Up 7.7 %

Compass Minerals International stock opened at $12.24 on Friday. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.15 and a current ratio of 2.98. The stock has a market cap of $505.88 million, a PE ratio of -5.86, a price-to-earnings-growth ratio of 1.16 and a beta of 1.10. The stock has a 50-day moving average of $10.38 and a two-hundred day moving average of $12.31. Compass Minerals International, Inc. has a one year low of $7.51 and a one year high of $28.70.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CMP shares. BMO Capital Markets reiterated a “market perform” rating and issued a $20.00 target price on shares of Compass Minerals International in a report on Wednesday, September 18th. StockNews.com raised shares of Compass Minerals International to a “sell” rating in a research report on Wednesday, September 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Compass Minerals International has a consensus rating of “Hold” and an average target price of $31.00.

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.