UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Position in Compass Minerals International, Inc. (NYSE:CMP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Compass Minerals International, Inc. (NYSE:CMP) by 18.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 105,915 shares of the basic materials company’s stock after acquiring an additional 16,558 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.26% of Compass Minerals International worth $1,192,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CMP. Jones Financial Companies Lllp lifted its position in Compass Minerals International by 44.1% in the fourth quarter. Jones Financial Companies Lllp now owns 18,111 shares of the basic materials company’s stock valued at $204,000 after acquiring an additional 5,544 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Compass Minerals International during the fourth quarter worth about $1,439,000. Invesco Ltd. boosted its holdings in Compass Minerals International by 42.2% during the fourth quarter. Invesco Ltd. now owns 199,794 shares of the basic materials company’s stock worth $2,248,000 after buying an additional 59,312 shares in the last quarter. American Century Companies Inc. grew its position in shares of Compass Minerals International by 77.8% in the fourth quarter. American Century Companies Inc. now owns 154,773 shares of the basic materials company’s stock valued at $1,741,000 after purchasing an additional 67,725 shares during the last quarter. Finally, Ameriprise Financial Inc. acquired a new stake in shares of Compass Minerals International in the fourth quarter valued at approximately $796,000. Institutional investors and hedge funds own 99.78% of the company’s stock.

Wall Street Analysts Forecast Growth

CMP has been the subject of several recent research reports. JPMorgan Chase & Co. raised shares of Compass Minerals International from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $13.00 to $15.00 in a research report on Wednesday, February 12th. BMO Capital Markets increased their price objective on shares of Compass Minerals International from $15.00 to $20.00 and gave the stock a “market perform” rating in a report on Monday, May 12th. Finally, Wall Street Zen raised shares of Compass Minerals International from a “buy” rating to a “strong-buy” rating in a research note on Sunday.

Compass Minerals International Trading Up 2.0%

NYSE:CMP opened at $20.29 on Tuesday. Compass Minerals International, Inc. has a 12 month low of $7.51 and a 12 month high of $20.96. The firm has a market cap of $842.20 million, a price-to-earnings ratio of -5.14 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 company’s 50 day moving average is $15.18 and its 200-day moving average is $13.02.

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

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.