Bank of New York Mellon Corp Sells 155,660 Shares of Compass Minerals International, Inc. (NYSE:CMP)

Bank of New York Mellon Corp decreased its holdings in Compass Minerals International, Inc. (NYSE:CMP) by 54.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 128,465 shares of the basic materials company’s stock after selling 155,660 shares during the quarter. Bank of New York Mellon Corp’s holdings in Compass Minerals International were worth $1,445,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CMP. Tsfg LLC bought a new position in shares of Compass Minerals International during the 4th quarter worth approximately $28,000. Denver PWM LLC lifted its position in shares of Compass Minerals International by 33.8% during the 3rd quarter. Denver PWM LLC now owns 3,745 shares of the basic materials company’s stock worth $45,000 after buying an additional 946 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of Compass Minerals International by 35.9% during the 4th quarter. New York State Common Retirement Fund now owns 7,189 shares of the basic materials company’s stock worth $81,000 after buying an additional 1,900 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Compass Minerals International during the 3rd quarter worth approximately $137,000. Finally, 272 Capital LP bought a new position in shares of Compass Minerals International during the 3rd quarter worth approximately $226,000. Institutional investors own 99.78% of the company’s stock.

Compass Minerals International Stock Down 2.7 %

Compass Minerals International stock opened at $10.00 on Monday. Compass Minerals International, Inc. has a 1-year low of $7.51 and a 1-year high of $16.69. The firm has a market capitalization of $415.00 million, a price-to-earnings ratio of -2.53 and a beta of 1.27. The company has a current ratio of 2.37, a quick ratio of 1.12 and a debt-to-equity ratio of 3.67. The firm has a 50 day simple moving average of $11.68 and a 200 day simple moving average of $12.12.

Compass Minerals International (NYSE:CMP) last released its quarterly earnings results on Monday, February 10th. The basic materials company reported ($0.55) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.50). Compass Minerals International had a negative net margin of 15.10% and a negative return on equity of 10.00%. On average, analysts predict that Compass Minerals International, Inc. will post -0.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CMP has been the topic of a number of research reports. BMO Capital Markets lowered their price target on shares of Compass Minerals International from $18.00 to $17.00 and set a “market perform” rating on the stock in a report on Wednesday, February 12th. JPMorgan Chase & Co. raised shares of Compass Minerals International from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $13.00 to $15.00 in a report on Wednesday, February 12th. Finally, StockNews.com raised shares of Compass Minerals International from a “sell” rating to a “hold” rating in a report on Wednesday, February 12th.

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.