Compass Minerals International, Inc. $CMP is Engine Capital Management LP’s 10th Largest Position

Engine Capital Management LP increased its stake in shares of Compass Minerals International, Inc. (NYSE:CMP) by 275.4% in the first quarter, HoldingsChannel reports. The firm owned 1,439,065 shares of the basic materials company’s stock after buying an additional 1,055,740 shares during the period. Compass Minerals International makes up approximately 4.1% of Engine Capital Management LP’s investment portfolio, making the stock its 10th largest position. Engine Capital Management LP’s holdings in Compass Minerals International were worth $33,602,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in CMP. Martingale Asset Management L P boosted its position in Compass Minerals International by 1.7% during the fourth quarter. Martingale Asset Management L P now owns 36,832 shares of the basic materials company’s stock valued at $723,000 after purchasing an additional 606 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in shares of Compass Minerals International by 5.2% in the 1st quarter. Quantinno Capital Management LP now owns 13,670 shares of the basic materials company’s stock valued at $319,000 after buying an additional 674 shares in the last quarter. Comerica Bank boosted its holdings in shares of Compass Minerals International by 80.0% in the 4th quarter. Comerica Bank now owns 1,868 shares of the basic materials company’s stock valued at $37,000 after buying an additional 830 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Compass Minerals International by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,665 shares of the basic materials company’s stock worth $192,000 after buying an additional 858 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of Compass Minerals International by 94.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,216 shares of the basic materials company’s stock worth $52,000 after buying an additional 1,076 shares during the last quarter. Institutional investors own 99.78% of the company’s stock.

Wall Street Analyst Weigh In

CMP has been the subject of several recent analyst reports. Weiss Ratings upgraded shares of Compass Minerals International from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, June 18th. Wall Street Zen raised shares of Compass Minerals International from a “hold” rating to a “buy” rating in a report on Saturday. JPMorgan Chase & Co. upgraded shares of Compass Minerals International from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $20.00 to $30.00 in a report on Thursday, May 14th. Zacks Research lowered Compass Minerals International from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Compass Point set a $30.00 price target on Compass Minerals International in a report on Thursday, May 14th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $28.80.

Compass Minerals International Stock Up 0.9%

CMP stock opened at $29.70 on Tuesday. Compass Minerals International, Inc. has a one year low of $16.40 and a one year high of $34.50. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.34 and a current ratio of 2.06. The firm’s fifty day moving average is $30.26 and its 200 day moving average is $26.54. The firm has a market cap of $1.25 billion, a PE ratio of 197.97 and a beta of 1.24.

Compass Minerals International (NYSE:CMP) last issued its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. Compass Minerals International had a net margin of 0.55% and a return on equity of 8.99%. The business had revenue of $453.20 million during the quarter, compared to the consensus estimate of $418.97 million. During the same quarter in the prior year, the firm posted $0.63 earnings per share. The company’s revenue was down 8.4% compared to the same quarter last year. On average, research analysts forecast that Compass Minerals International, Inc. will post 0.82 EPS for the current year.

Compass Minerals International Profile

Compass Minerals International, Inc is a global producer of essential mineral-based products, primarily known for its salt and plant nutrition portfolios. The company’s deicing salts are used by municipalities and commercial customers across North America to maintain safer roadways in winter months. In addition, its water conditioning salts serve both residential and industrial users, supporting water treatment systems that remove hard minerals to protect plumbing and equipment.

Beyond conventional salt products, Compass Minerals has developed a specialty plant nutrition business focused on sulfate of potash (SOP), a premium fertilizer that provides both potassium and sulfur to crops.