The Hedeker Wealth LLC decides to keep it stake in Compass Minerals International Inc. (CMP) to the level of $371,000

The Hedeker Wealth LLC decides to keep it stake in Compass Minerals International Inc. (CMP) to the level of $371,000

Hedeker Wealth LLC maintained its stake in Compass Minerals International Inc. (NYSE:CMP) during the second quarter, Holdings Channel reports. The institutional investor owned 5,010 shares of the company’s stock at the end of the second quarter. Hedeker Wealth LLC’s holdings in Compass Minerals International were worth $371,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Americafirst Capital Management LLC purchased a new position in shares of Compass Minerals International during the second quarter valued at about $108,000. LS Investment Advisors LLC boosted its position in shares of Compass Minerals International by 76.4% in the second quarter. LS Investment Advisors LLC now owns 2,050 shares of the company’s stock valued at $152,000 after buying an additional 888 shares during the last quarter. Capstone Asset Management Co. boosted its position in shares of Compass Minerals International by 1.3% in the second quarter. Capstone Asset Management Co. now owns 3,096 shares of the company’s stock valued at $230,000 after buying an additional 40 shares during the last quarter. IBM Retirement Fund boosted its position in shares of Compass Minerals International by 0.9% in the second quarter. IBM Retirement Fund now owns 3,402 shares of the company’s stock valued at $252,000 after buying an additional 32 shares during the last quarter. Finally, Marshwinds Advisory Co. boosted its position in shares of Compass Minerals International by 7.9% in the second quarter. Marshwinds Advisory Co. now owns 3,776 shares of the company’s stock valued at $280,000 after buying an additional 275 shares during the last quarter.

Shares of Compass Minerals International Inc. (NYSE:CMP) traded up 0.32% during mid-day trading on Monday, reaching $71.55. The company’s stock had a trading volume of 206,379 shares. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 17.20 and a beta of 0.62. Compass Minerals International Inc. has a 1-year low of $66.30 and a 1-year high of $85.63. The company’s 50 day moving average price is $73.05 and its 200-day moving average price is $73.95.

Compass Minerals International (NYSE:CMP) last posted its earnings results on Monday, July 25th. The company reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.01. Compass Minerals International had a return on equity of 21.37% and a net margin of 13.63%. The business earned $169.50 million during the quarter, compared to the consensus estimate of $177.56 million. During the same period in the previous year, the business earned $0.39 EPS. The business’s quarterly revenue was down 7.7% on a year-over-year basis. Analysts predict that Compass Minerals International Inc. will post $2.78 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on the company. Monness Crespi & Hardt set a $63.00 price objective on Compass Minerals International and gave the stock a “sell” rating in a research note on Wednesday, October 5th. Zacks Investment Research upgraded Compass Minerals International from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research note on Tuesday, October 4th. TheStreet cut Compass Minerals International from a “buy” rating to a “hold” rating in a research note on Monday, July 25th. Finally, Stifel Nicolaus assumed coverage on Compass Minerals International in a research note on Tuesday, July 12th. They issued a “buy” rating and a $90.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $76.25.

About Compass Minerals International

Compass Minerals International, Inc is a holding company. The Company, through its subsidiaries, is engaged in producing and marketing essential minerals, including salt, sulfate of potash (SOP) specialty fertilizer, magnesium chloride and micronutrients. It operates through two segments, which include salt and plant nutrition.

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