The Manufacturers Life Insurance Company grew its holdings in Compass Minerals International, Inc. (NYSE:CMP) by 54.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 75,989 shares of the basic materials company’s stock after purchasing an additional 26,773 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.22% of Compass Minerals International worth $4,962,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of CMP. Bruderman Asset Management LLC bought a new position in shares of Compass Minerals International in the 2nd quarter valued at about $146,000. LS Investment Advisors LLC boosted its stake in shares of Compass Minerals International by 20.3% in the 2nd quarter. LS Investment Advisors LLC now owns 2,786 shares of the basic materials company’s stock valued at $182,000 after purchasing an additional 470 shares during the last quarter. Legg Mason Asset Management Japan Co. Ltd. bought a new position in shares of Compass Minerals International in the 2nd quarter valued at about $229,000. CFO4Life Group LLC boosted its stake in shares of Compass Minerals International by 20.1% in the 2nd quarter. CFO4Life Group LLC now owns 3,593 shares of the basic materials company’s stock valued at $235,000 after purchasing an additional 602 shares during the last quarter. Finally, Cobblestone Capital Advisors LLC NY boosted its stake in shares of Compass Minerals International by 19.1% in the 2nd quarter. Cobblestone Capital Advisors LLC NY now owns 3,650 shares of the basic materials company’s stock valued at $238,000 after purchasing an additional 585 shares during the last quarter.

Compass Minerals International, Inc. (NYSE:CMP) opened at 66.25 on Tuesday. Compass Minerals International, Inc. has a 1-year low of $59.72 and a 1-year high of $84.40. The company’s 50-day moving average is $66.49 and its 200 day moving average is $66.49. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 18.51 and a beta of 0.44.

Compass Minerals International (NYSE:CMP) last announced its earnings results on Monday, October 30th. The basic materials company reported $0.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.20). Compass Minerals International had a net margin of 9.83% and a return on equity of 10.01%. The company had revenue of $290.70 million during the quarter, compared to the consensus estimate of $323.76 million. During the same quarter in the previous year, the company earned $0.27 earnings per share. The business’s revenue was up 61.9% on a year-over-year basis. On average, equities analysts predict that Compass Minerals International, Inc. will post $2.57 EPS for the current fiscal year.

Several brokerages have recently issued reports on CMP. BidaskClub lowered shares of Compass Minerals International from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Credit Suisse Group set a $63.00 target price on shares of Compass Minerals International and gave the company a “hold” rating in a research note on Wednesday, August 9th. J P Morgan Chase & Co raised shares of Compass Minerals International from a “neutral” rating to an “overweight” rating and set a $70.00 target price on the stock in a research note on Monday, September 25th. Zacks Investment Research lowered shares of Compass Minerals International from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, Monness Crespi & Hardt raised shares of Compass Minerals International from a “neutral” rating to a “buy” rating and set a $76.00 target price on the stock in a research note on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. Compass Minerals International currently has a consensus rating of “Hold” and a consensus target price of $73.60.

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Compass Minerals International 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.

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

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