Bard Financial Services Inc. Lowers Position in Compass Minerals International, Inc. (NYSE:CMP)

Bard Financial Services Inc. cut its stake in Compass Minerals International, Inc. (NYSE:CMP) by 52.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 89,700 shares of the basic materials company’s stock after selling 99,915 shares during the period. Bard Financial Services Inc. owned 0.22% of Compass Minerals International worth $833,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Denver PWM LLC lifted its holdings in Compass Minerals International by 25.8% in the fourth quarter. Denver PWM LLC now owns 4,712 shares of the basic materials company’s stock worth $53,000 after buying an additional 967 shares during the period. GAMMA Investing LLC lifted its holdings in Compass Minerals International by 361.4% in the first quarter. GAMMA Investing LLC now owns 4,812 shares of the basic materials company’s stock worth $45,000 after buying an additional 3,769 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in Compass Minerals International in the fourth quarter worth about $80,000. New York State Common Retirement Fund lifted its holdings in Compass Minerals International by 35.9% in the fourth 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 during the period. Finally, Corton Capital Inc. purchased a new stake in Compass Minerals International in the fourth quarter worth about $127,000. 99.78% of the stock is currently owned by hedge funds and other institutional investors.

Compass Minerals International Price Performance

Shares of CMP opened at $19.64 on Wednesday. The company has a market capitalization of $815.06 million, a P/E ratio of -4.97 and a beta of 1.11. The company has a quick ratio of 1.12, a current ratio of 2.37 and a debt-to-equity ratio of 3.67. The firm has a 50 day moving average of $15.39 and a 200 day moving average of $13.07. Compass Minerals International, Inc. has a twelve month low of $7.51 and a twelve month high of $20.96.

Compass Minerals International (NYSE:CMP) last announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.24. The company had revenue of $494.60 million during the quarter, compared to the consensus estimate of $413.96 million. Compass Minerals International had a negative net margin of 15.10% and a negative return on equity of 10.00%. The business’s revenue for the quarter was up 35.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Compass Minerals International, Inc. will post -0.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CMP. JPMorgan Chase & Co. upgraded shares of Compass Minerals International from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $13.00 to $15.00 in a report on Wednesday, February 12th. BMO Capital Markets lifted their target price on shares of Compass Minerals International from $15.00 to $20.00 and gave the company a “market perform” rating in a report on Monday, May 12th. Finally, Wall Street Zen upgraded shares of Compass Minerals International from a “buy” rating to a “strong-buy” rating in a report on Sunday.

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.