Arizona State Retirement System Has $395,000 Stock Holdings in Compass Minerals International, Inc. (NYSE:CMP)

Arizona State Retirement System increased its holdings in shares of Compass Minerals International, Inc. (NYSE:CMP – Get Rating) by 3.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,639 shares of the basic materials company’s stock after acquiring an additional 359 shares during the period. Arizona State Retirement System’s holdings in Compass Minerals International were worth $395,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CMP. Versor Investments LP acquired a new stake in Compass Minerals International during the fourth quarter valued at approximately $590,000. New York State Common Retirement Fund boosted its stake in Compass Minerals International by 122.6% in the 3rd quarter. New York State Common Retirement Fund now owns 238,643 shares of the basic materials company’s stock valued at $9,195,000 after buying an additional 131,444 shares in the last quarter. Almanack Investment Partners LLC. acquired a new stake in Compass Minerals International in the 3rd quarter valued at $66,000. Penn Capital Management Company LLC bought a new stake in Compass Minerals International in the third quarter valued at $7,319,000. Finally, MML Investors Services LLC raised its stake in Compass Minerals International by 25.1% during the third quarter. MML Investors Services LLC now owns 45,302 shares of the basic materials company’s stock worth $1,745,000 after acquiring an additional 9,086 shares in the last quarter. Institutional investors own 91.94% of the company’s stock.

Compass Minerals International Stock Performance

Compass Minerals International stock opened at $34.07 on Friday. The stock has a 50-day simple moving average of $32.38 and a 200 day simple moving average of $38.79. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of -35.12 and a beta of 1.34. The company has a quick ratio of 1.59, a current ratio of 2.54 and a debt-to-equity ratio of 1.70. Compass Minerals International, Inc. has a 12-month low of $28.89 and a 12-month high of $47.68.

Compass Minerals International (NYSE:CMP – Get Rating) last announced its earnings results on Tuesday, May 9th. The basic materials company reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.99). Compass Minerals International had a negative return on equity of 6.08% and a negative net margin of 2.99%. The company had revenue of $411.10 million during the quarter, compared to the consensus estimate of $427.00 million. During the same period in the prior year, the firm posted $0.33 earnings per share. The company’s revenue was down 8.3% on a year-over-year basis. On average, research analysts anticipate that Compass Minerals International, Inc. will post -0.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on CMP. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Compass Minerals International from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, February 9th. CL King decreased their price objective on shares of Compass Minerals International from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Thursday, March 23rd. StockNews.com started coverage on shares of Compass Minerals International in a report on Thursday. They set a “hold” rating for the company. Finally, Stifel Nicolaus boosted their target price on Compass Minerals International from $81.00 to $82.00 in a report on Thursday, May 11th.

About Compass Minerals International

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Compass Minerals International, Inc engages in the production of salt, sulfate of potassium, and magnesium chloride, and in the provision of records storage. It operates through the Salt and Plant Nutrition segments. The Salt segment provides highway de-icing salt. The Plant Nutrition segment produces and markets SOP products in various grades worldwide to distributors and retailers of crop inputs.