Nuveen LLC Buys New Shares in Compass Minerals International, Inc. $CMP

Nuveen LLC bought a new stake in Compass Minerals International, Inc. (NYSE:CMP) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 460,594 shares of the basic materials company’s stock, valued at approximately $4,279,000. Nuveen LLC owned about 1.11% of Compass Minerals International as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Koch Inc. bought a new stake in shares of Compass Minerals International during the fourth quarter worth approximately $79,139,000. SailingStone Capital Partners LLC boosted its stake in shares of Compass Minerals International by 13.7% in the fourth quarter. SailingStone Capital Partners LLC now owns 5,427,142 shares of the basic materials company’s stock valued at $61,055,000 after buying an additional 652,129 shares during the period. Nuveen Asset Management LLC boosted its stake in shares of Compass Minerals International by 642.5% in the fourth quarter. Nuveen Asset Management LLC now owns 1,058,551 shares of the basic materials company’s stock valued at $11,909,000 after buying an additional 915,983 shares during the period. Lightrock Netherlands B.V. boosted its stake in shares of Compass Minerals International by 33.6% in the first quarter. Lightrock Netherlands B.V. now owns 755,373 shares of the basic materials company’s stock valued at $7,029,000 after buying an additional 189,786 shares during the period. Finally, Michelson Medical Research Foundation Inc. boosted its stake in shares of Compass Minerals International by 18.8% in the fourth quarter. Michelson Medical Research Foundation Inc. now owns 600,000 shares of the basic materials company’s stock valued at $6,750,000 after buying an additional 95,000 shares during the period. Institutional investors and hedge funds own 99.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CMP shares. BMO Capital Markets boosted their price target on Compass Minerals International from $15.00 to $20.00 and gave the company a “market perform” rating in a research note on Monday, May 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $22.00 price target (up from $14.00) on shares of Compass Minerals International in a research note on Monday, June 23rd. Zacks Research upgraded Compass Minerals International to a “hold” rating in a research note on Monday, August 11th. JPMorgan Chase & Co. restated an “underweight” rating and set a $18.00 target price (up from $15.00) on shares of Compass Minerals International in a research note on Wednesday, August 13th. Finally, Wall Street Zen cut Compass Minerals International from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Compass Minerals International presently has an average rating of “Hold” and an average price target of $20.00.

Compass Minerals International Stock Down 0.4%

Shares of CMP opened at $19.72 on Wednesday. Compass Minerals International, Inc. has a 52 week low of $7.51 and a 52 week high of $22.69. The stock has a market capitalization of $822.29 million, a price-to-earnings ratio of -6.75 and a beta of 1.11. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.15 and a current ratio of 2.15. The stock has a fifty day moving average of $20.45 and a 200-day moving average of $15.99.

Compass Minerals International (NYSE:CMP) last announced its quarterly earnings results on Monday, August 11th. The basic materials company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.26). Compass Minerals International had a negative net margin of 9.87% and a negative return on equity of 16.70%. The firm had revenue of $214.60 million during the quarter, compared to the consensus estimate of $208.60 million. During the same quarter in the previous year, the company posted ($1.05) earnings per share. The firm’s revenue was up 5.8% on a year-over-year basis. Compass Minerals International has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Compass Minerals International, Inc. will post -0.53 earnings per share for the current fiscal 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.