Lee Danner & Bass Inc. Increases Stock Position in Compass Minerals International, Inc. $CMP

Lee Danner & Bass Inc. raised its stake in shares of Compass Minerals International, Inc. (NYSE:CMP) by 94.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 605,750 shares of the basic materials company’s stock after purchasing an additional 295,000 shares during the quarter. Compass Minerals International accounts for about 0.9% of Lee Danner & Bass Inc.’s holdings, making the stock its 26th biggest holding. Lee Danner & Bass Inc.’s holdings in Compass Minerals International were worth $14,144,000 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 bought and sold shares of the stock. Comerica Bank increased its holdings in shares of Compass Minerals International by 80.0% in the 4th quarter. Comerica Bank now owns 1,868 shares of the basic materials company’s stock worth $37,000 after buying an additional 830 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Compass Minerals International during the 2nd quarter worth $83,000. Los Angeles Capital Management LLC purchased a new position in Compass Minerals International in the fourth quarter worth $122,000. Vestcor Inc purchased a new position in Compass Minerals International in the third quarter worth $158,000. Finally, CANADA LIFE ASSURANCE Co increased its stake in Compass Minerals International by 194.5% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 9,393 shares of the basic materials company’s stock valued at $185,000 after acquiring an additional 6,204 shares during the last quarter. Hedge funds and other institutional investors own 99.78% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CMP shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $35.00 price objective on shares of Compass Minerals International in a research report on Wednesday, May 27th. Wall Street Zen lowered Compass Minerals International from a “buy” rating to a “hold” rating in a research note on Sunday. JPMorgan Chase & Co. upgraded shares of Compass Minerals International from an “underweight” rating to a “neutral” rating and increased their price target for the company from $20.00 to $30.00 in a research report on Thursday, May 14th. Compass Point set a $30.00 price target on shares of Compass Minerals International in a research note on Thursday, May 14th. Finally, Zacks Research cut shares of Compass Minerals International from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Compass Minerals International currently has an average rating of “Hold” and a consensus price target of $28.80.

Compass Minerals International Trading Down 0.1%

Shares of CMP stock opened at $29.91 on Friday. The business has a 50-day moving average of $29.63 and a 200 day moving average of $25.41. The company has a debt-to-equity ratio of 2.60, a current ratio of 2.06 and a quick ratio of 1.34. Compass Minerals International, Inc. has a 1-year low of $16.40 and a 1-year high of $34.50. The stock has a market capitalization of $1.26 billion, a PE ratio of 199.43 and a beta of 1.24.

Compass Minerals International (NYSE:CMP) last announced its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. Compass Minerals International had a net margin of 0.55% and a return on equity of 8.99%. The business had revenue of $453.20 million for the quarter, compared to analyst estimates of $418.97 million. During the same quarter last year, the firm earned $0.63 EPS. The company’s revenue was down 8.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Compass Minerals International, Inc. will post 0.82 earnings per share for the current year.

Compass Minerals International Company Profile

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.