Compass Minerals International, Inc. (NYSE:CMP) was the recipient of a significant decline in short interest in the month of July. As of July 15th, there was short interest totalling 2,289,900 shares, a decline of 10.9% from the June 15th total of 2,569,700 shares. Currently, 6.8% of the company’s stock are short sold. Based on an average daily trading volume, of 307,300 shares, the short-interest ratio is currently 7.5 days.

Shares of CMP stock opened at $56.81 on Tuesday. The company has a debt-to-equity ratio of 2.27, a quick ratio of 1.37 and a current ratio of 2.16. Compass Minerals International has a fifty-two week low of $38.19 and a fifty-two week high of $70.40. The business has a 50-day moving average price of $55.13. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 29.44 and a beta of 1.35.

Compass Minerals International (NYSE:CMP) last issued its earnings results on Tuesday, April 30th. The basic materials company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.21. Compass Minerals International had a return on equity of 11.26% and a net margin of 4.37%. The company had revenue of $403.70 million for the quarter, compared to analyst estimates of $417.50 million. During the same period in the prior year, the firm posted $0.37 EPS. The business’s revenue was down 7.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Compass Minerals International will post 2.62 earnings per share for the current fiscal year.

In other Compass Minerals International news, Director Lori A. Walker purchased 700 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were purchased at an average cost of $52.21 per share, with a total value of $36,547.00. Following the completion of the transaction, the director now owns 700 shares of the company’s stock, valued at $36,547. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO James D. Standen purchased 692 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were acquired at an average cost of $52.05 per share, for a total transaction of $36,018.60. Following the completion of the transaction, the chief financial officer now directly owns 3,000 shares of the company’s stock, valued at approximately $156,150. The disclosure for this purchase can be found here. Insiders have purchased 2,722 shares of company stock worth $144,229 over the last three months. 0.60% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of the business. Keeley Teton Advisors LLC increased its position in Compass Minerals International by 0.7% in the 1st quarter. Keeley Teton Advisors LLC now owns 27,701 shares of the basic materials company’s stock worth $1,506,000 after purchasing an additional 192 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Compass Minerals International by 1.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,706 shares of the basic materials company’s stock valued at $753,000 after acquiring an additional 194 shares during the last quarter. NEXT Financial Group Inc increased its holdings in shares of Compass Minerals International by 10.8% during the 2nd quarter. NEXT Financial Group Inc now owns 2,057 shares of the basic materials company’s stock valued at $113,000 after acquiring an additional 200 shares during the last quarter. ETF Managers Group LLC increased its holdings in shares of Compass Minerals International by 9.2% during the 1st quarter. ETF Managers Group LLC now owns 2,434 shares of the basic materials company’s stock valued at $132,000 after acquiring an additional 205 shares during the last quarter. Finally, Retirement Systems of Alabama increased its holdings in shares of Compass Minerals International by 0.5% during the 1st quarter. Retirement Systems of Alabama now owns 44,097 shares of the basic materials company’s stock valued at $2,398,000 after acquiring an additional 207 shares during the last quarter. 93.38% of the stock is currently owned by institutional investors.

Several research analysts recently weighed in on CMP shares. Zacks Investment Research raised DLH from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th. BMO Capital Markets raised TMAC Resources from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Compass Minerals International presently has a consensus rating of “Hold” and a consensus price target of $57.77.

Compass Minerals International Company Profile

Compass Minerals International, Inc, produces and sells salt, and specialty plant nutrition and chemical products primarily in the United States, Canada, Brazil, and the United Kingdom. It operates through three segments: Salt, Plant Nutrition North America, and Plant Nutrition South America. The Salt segment offers 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 salt to produce specialty products.

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