Bard Financial Services Inc. Acquires 24,615 Shares of Compass Minerals International, Inc. (NYSE:CMP)

Bard Financial Services Inc. lifted its holdings in shares of Compass Minerals International, Inc. (NYSE:CMP) by 15.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 187,365 shares of the basic materials company’s stock after purchasing an additional 24,615 shares during the period. Bard Financial Services Inc.’s holdings in Compass Minerals International were worth $2,252,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Barclays PLC grew its position in shares of Compass Minerals International by 76.7% during the 3rd quarter. Barclays PLC now owns 92,803 shares of the basic materials company’s stock worth $1,116,000 after buying an additional 40,288 shares during the period. Geode Capital Management LLC grew its position in shares of Compass Minerals International by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 782,811 shares of the basic materials company’s stock valued at $9,412,000 after purchasing an additional 6,062 shares during the period. XTX Topco Ltd bought a new stake in Compass Minerals International during the 3rd quarter worth approximately $415,000. Weiss Asset Management LP acquired a new stake in Compass Minerals International during the 3rd quarter worth approximately $1,177,000. Finally, Quadrature Capital Ltd acquired a new stake in Compass Minerals International during the 3rd quarter worth approximately $296,000. Institutional investors and hedge funds own 99.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CMP shares. BMO Capital Markets reiterated a “market perform” rating and issued a $20.00 price target on shares of Compass Minerals International in a report on Wednesday, September 18th. StockNews.com raised shares of Compass Minerals International to a “sell” rating in a research report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $31.00.

Compass Minerals International Trading Up 3.4 %

Shares of NYSE:CMP opened at $14.12 on Wednesday. The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.74 and a current ratio of 2.90. The company has a 50-day simple moving average of $13.50 and a 200 day simple moving average of $11.88. Compass Minerals International, Inc. has a 52-week low of $7.51 and a 52-week high of $27.25. The company has a market capitalization of $585.26 million, a P/E ratio of -3.44 and a beta of 1.17.

Compass Minerals International (NYSE:CMP) last announced its earnings results on Tuesday, September 17th. The basic materials company reported ($1.01) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.67) by ($0.34). The firm had revenue of $202.90 million for the quarter, compared to the consensus estimate of $201.86 million. Compass Minerals International had a positive return on equity of 4.75% and a negative net margin of 14.81%. Sell-side analysts forecast that Compass Minerals International, Inc. will post 0.04 earnings per share for the current year.

Compass Minerals International Company Profile

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.