JPMorgan Chase & Co. Boosts Holdings in Compass Minerals International, Inc. (CMP)

JPMorgan Chase & Co. boosted its position in shares of Compass Minerals International, Inc. (NYSE:CMP) by 18.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,468 shares of the basic materials company’s stock after purchasing an additional 1,151 shares during the period. JPMorgan Chase & Co.’s holdings in Compass Minerals International were worth $481,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CMP. Schwab Charles Investment Management Inc. grew its position in Compass Minerals International by 36.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 264,886 shares of the basic materials company’s stock worth $17,298,000 after purchasing an additional 71,463 shares in the last quarter. Legal & General Group Plc grew its position in Compass Minerals International by 12.3% during the 2nd quarter. Legal & General Group Plc now owns 36,980 shares of the basic materials company’s stock worth $2,417,000 after purchasing an additional 4,045 shares in the last quarter. Prudential Financial Inc. grew its position in Compass Minerals International by 8.1% during the 2nd quarter. Prudential Financial Inc. now owns 22,579 shares of the basic materials company’s stock worth $1,474,000 after purchasing an additional 1,690 shares in the last quarter. Principal Financial Group Inc. grew its position in Compass Minerals International by 4.5% during the 2nd quarter. Principal Financial Group Inc. now owns 142,924 shares of the basic materials company’s stock worth $9,333,000 after purchasing an additional 6,121 shares in the last quarter. Finally, Swiss National Bank grew its position in Compass Minerals International by 2.3% during the 2nd quarter. Swiss National Bank now owns 56,850 shares of the basic materials company’s stock worth $3,712,000 after purchasing an additional 1,300 shares in the last quarter.

Compass Minerals International, Inc. (NYSE CMP) opened at $73.55 on Wednesday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.18 and a current ratio of 2.52. Compass Minerals International, Inc. has a fifty-two week low of $59.72 and a fifty-two week high of $84.40. The company has a market cap of $2,553.98, a price-to-earnings ratio of 17.31 and a beta of 0.51.

Compass Minerals International (NYSE:CMP) last posted its quarterly earnings results on Monday, October 30th. The basic materials company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.20). Compass Minerals International had a net margin of 10.72% and a return on equity of 11.52%. The company had revenue of $290.70 million for the quarter, compared to analysts’ expectations of $323.76 million. During the same quarter in the prior year, the firm earned $0.27 earnings per share. The company’s revenue was up 61.9% on a year-over-year basis. sell-side analysts predict that Compass Minerals International, Inc. will post 2.62 earnings per share for the current year.

Several equities analysts have weighed in on CMP shares. TheStreet upgraded shares of Compass Minerals International from a “c+” rating to a “b” rating in a research report on Thursday, November 30th. Stifel Nicolaus reiterated a “buy” rating and set a $84.00 price objective on shares of Compass Minerals International in a research report on Wednesday, November 1st. Monness Crespi & Hardt upgraded shares of Compass Minerals International from a “neutral” rating to a “buy” rating and set a $76.00 price objective on the stock in a research report on Monday, October 2nd. Zacks Investment Research upgraded shares of Compass Minerals International from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Finally, JPMorgan Chase & Co. upgraded shares of Compass Minerals International from a “neutral” rating to an “overweight” rating and set a $70.00 price objective on the stock in a research report on Monday, September 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $73.60.

ILLEGAL ACTIVITY WARNING: “JPMorgan Chase & Co. Boosts Holdings in Compass Minerals International, Inc. (CMP)” was originally published by Community Financial News and is owned by of Community Financial News. If you are viewing this story on another domain, it was stolen and reposted in violation of US & international copyright and trademark law. The legal version of this story can be read at https://www.com-unik.info/2018/01/17/jpmorgan-chase-co-boosts-holdings-in-compass-minerals-international-inc-cmp.html.

Compass Minerals International Company Profile

Compass Minerals International, Inc (CMI) is a provider of essential minerals that solve nature’s challenges, including salt for winter roadway safety and other consumer, industrial and agricultural uses; specialty plant nutrition minerals for the quality and yield of crops, and specialty chemicals for water treatment and other industrial processes.

Institutional Ownership by Quarter for Compass Minerals International (NYSE:CMP)

What are top analysts saying about Compass Minerals International? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Compass Minerals International and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit