Compass Minerals International, Inc. $CMP Shares Purchased by American Century Companies Inc.

American Century Companies Inc. raised its stake in Compass Minerals International, Inc. (NYSE:CMP) by 35.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,236,884 shares of the basic materials company’s stock after acquiring an additional 320,796 shares during the period. American Century Companies Inc. owned 2.97% of Compass Minerals International worth $23,748,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. State of Alaska Department of Revenue acquired a new stake in shares of Compass Minerals International in the third quarter valued at approximately $31,000. New York State Teachers Retirement System acquired a new stake in Compass Minerals International in the 3rd quarter valued at approximately $60,000. Headlands Technologies LLC bought a new stake in Compass Minerals International during the 2nd quarter valued at $83,000. Police & Firemen s Retirement System of New Jersey boosted its position in Compass Minerals International by 11.2% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 7,863 shares of the basic materials company’s stock worth $158,000 after acquiring an additional 791 shares during the period. Finally, State of Wyoming bought a new position in shares of Compass Minerals International in the third quarter worth $176,000. 99.78% of the stock is owned by institutional investors.

Compass Minerals International Stock Up 1.6%

Shares of Compass Minerals International stock opened at $23.90 on Tuesday. The company has a quick ratio of 1.53, a current ratio of 2.59 and a debt-to-equity ratio of 3.39. Compass Minerals International, Inc. has a 12-month low of $8.60 and a 12-month high of $27.00. The firm has a market capitalization of $1.00 billion, a PE ratio of -25.98 and a beta of 1.15. The stock’s fifty day moving average is $23.53 and its 200-day moving average is $20.33.

Compass Minerals International (NYSE:CMP) last issued its quarterly earnings results on Wednesday, February 4th. The basic materials company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.32. Compass Minerals International had a positive return on equity of 8.69% and a negative net margin of 2.82%.The firm had revenue of $396.10 million for the quarter, compared to analysts’ expectations of $329.23 million. During the same quarter last year, the business posted ($0.55) EPS. Compass Minerals International’s revenue was up 28.9% on a year-over-year basis. Equities analysts anticipate that Compass Minerals International, Inc. will post -0.53 earnings per share for the current year.

Analysts Set New Price Targets

CMP has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Compass Minerals International from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Compass Minerals International from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. Compass Point set a $22.00 price objective on shares of Compass Minerals International in a research note on Tuesday, December 16th. Weiss Ratings reissued a “sell (d-)” rating on shares of Compass Minerals International in a report on Wednesday, January 21st. Finally, Loop Capital set a $24.00 price target on Compass Minerals International in a research report on Tuesday, December 30th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $22.00.

About Compass Minerals International

Compass Minerals International, Inc is a global producer of essential mineral-based products, primarily known for its salt and plant nutrition portfolios. The company’s deicing salts are used by municipalities and commercial customers across North America to maintain safer roadways in winter months. In addition, its water conditioning salts serve both residential and industrial users, supporting water treatment systems that remove hard minerals to protect plumbing and equipment.

Beyond conventional salt products, Compass Minerals has developed a specialty plant nutrition business focused on sulfate of potash (SOP), a premium fertilizer that provides both potassium and sulfur to crops.