Ameriprise Financial Inc. Makes New $796,000 Investment in Compass Minerals International, Inc. (NYSE:CMP)

Ameriprise Financial Inc. bought a new stake in Compass Minerals International, Inc. (NYSE:CMP) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 70,736 shares of the basic materials company’s stock, valued at approximately $796,000. Ameriprise Financial Inc. owned approximately 0.17% of Compass Minerals International as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Algert Global LLC boosted its holdings in shares of Compass Minerals International by 239.0% in the 4th quarter. Algert Global LLC now owns 156,630 shares of the basic materials company’s stock worth $1,762,000 after acquiring an additional 110,433 shares in the last quarter. Appian Way Asset Management LP bought a new position in Compass Minerals International in the 4th quarter valued at $2,618,000. Freestone Grove Partners LP acquired a new position in Compass Minerals International in the fourth quarter worth $149,000. Schonfeld Strategic Advisors LLC grew its holdings in shares of Compass Minerals International by 7.0% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 20,540 shares of the basic materials company’s stock worth $231,000 after purchasing an additional 1,340 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Compass Minerals International by 2.8% during the fourth quarter. Northern Trust Corp now owns 321,585 shares of the basic materials company’s stock worth $3,618,000 after purchasing an additional 8,898 shares during the last quarter. Institutional investors own 99.78% of the company’s stock.

Compass Minerals International Price Performance

Shares of CMP stock opened at $19.07 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 2.37 and a debt-to-equity ratio of 3.67. Compass Minerals International, Inc. has a 12-month low of $7.51 and a 12-month high of $20.75. The firm has a fifty day moving average of $14.12 and a 200-day moving average of $12.84. The firm has a market capitalization of $791.48 million, a price-to-earnings ratio of -4.83 and a beta of 0.95.

Compass Minerals International (NYSE:CMP) last released its quarterly earnings data 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 business had revenue of $494.60 million for the quarter, compared to analysts’ expectations of $413.96 million. Compass Minerals International had a negative return on equity of 10.00% and a negative net margin of 15.10%. The business’s revenue for the quarter was up 35.9% compared to the same quarter last year. On average, equities research analysts forecast that Compass Minerals International, Inc. will post -0.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CMP shares. Wall Street Zen raised Compass Minerals International from a “hold” rating to a “buy” rating in a report on Saturday. BMO Capital Markets boosted their target price on shares of Compass Minerals International from $15.00 to $20.00 and gave the stock a “market perform” rating in a research note on Monday, May 12th. Finally, JPMorgan Chase & Co. upgraded shares of Compass Minerals International from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $13.00 to $15.00 in a research report on Wednesday, February 12th.

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.