Compass Minerals International, Inc. (NYSE:CMP) Shares Bought by Bank of Montreal Can

Bank of Montreal Can boosted its stake in Compass Minerals International, Inc. (NYSE:CMP) by 127.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 525,097 shares of the basic materials company’s stock after buying an additional 294,333 shares during the quarter. Bank of Montreal Can owned approximately 1.27% of Compass Minerals International worth $6,506,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Denver PWM LLC purchased a new stake in shares of Compass Minerals International during the 2nd quarter valued at approximately $29,000. Signaturefd LLC grew its stake 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 valued at $29,000 after purchasing an additional 2,077 shares during the last quarter. Ridgewood Investments LLC purchased a new position in Compass Minerals International during the second quarter worth about $37,000. Allspring Global Investments Holdings LLC acquired a new position in Compass Minerals International during the second quarter worth $45,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Compass Minerals International in the second quarter valued at about $46,000. Hedge funds and other institutional investors own 99.78% of the company’s stock.

Compass Minerals International Price Performance

CMP opened at $15.09 on Tuesday. The company has a fifty day simple moving average of $13.23 and a 200 day simple moving average of $11.83. The company has a current ratio of 2.90, a quick ratio of 0.74 and a debt-to-equity ratio of 2.47. The firm has a market cap of $625.47 million, a price-to-earnings ratio of -3.68 and a beta of 1.10. Compass Minerals International, Inc. has a twelve month low of $7.51 and a twelve month high of $27.25.

Compass Minerals International (NYSE:CMP) last released its 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 business had revenue of $202.90 million for 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%. Equities research analysts expect that Compass Minerals International, Inc. will post 0.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CMP has been the topic of several recent research reports. BMO Capital Markets reaffirmed a “market perform” rating and issued a $20.00 price target 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 note on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $31.00.

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.