Renaissance Technologies LLC Purchases 157,111 Shares of Compass Minerals International, Inc. $CMP

Renaissance Technologies LLC boosted its position in shares of Compass Minerals International, Inc. (NYSE:CMP) by 994.4% during the 1st quarter, HoldingsChannel reports. The firm owned 172,911 shares of the basic materials company’s stock after buying an additional 157,111 shares during the period. Renaissance Technologies LLC’s holdings in Compass Minerals International were worth $4,037,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Sei Investments Co. bought a new position in shares of Compass Minerals International during the 1st quarter worth $305,000. Globeflex Capital L P purchased a new stake in Compass Minerals International in the first quarter worth about $211,000. PNC Financial Services Group Inc. grew its holdings in Compass Minerals International by 94.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,216 shares of the basic materials company’s stock worth $52,000 after acquiring an additional 1,076 shares in the last quarter. Meeder Asset Management Inc. bought a new position in Compass Minerals International during the 1st quarter worth about $70,000. Finally, Dimensional Fund Advisors LP increased its position in Compass Minerals International by 18.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 913,683 shares of the basic materials company’s stock valued at $21,333,000 after purchasing an additional 140,918 shares during the period. 99.78% of the stock is owned by institutional investors.

Compass Minerals International Stock Performance

Shares of CMP stock opened at $27.43 on Friday. The business’s fifty day simple moving average is $29.94 and its 200-day simple moving average is $26.89. The company has a market cap of $1.15 billion, a PE ratio of 63.80 and a beta of 1.23. The company has a current ratio of 2.01, a quick ratio of 1.34 and a debt-to-equity ratio of 2.72. Compass Minerals International, Inc. has a 12-month low of $16.40 and a 12-month high of $34.50.

Compass Minerals International (NYSE:CMP) last posted its quarterly earnings data on Wednesday, August 5th. The basic materials company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.08). Compass Minerals International had a return on equity of 12.75% and a net margin of 1.42%.The business had revenue of $215.30 million during the quarter, compared to analyst estimates of $207.75 million. During the same period in the previous year, the business earned ($0.39) EPS. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. Analysts expect that Compass Minerals International, Inc. will post 0.82 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. raised shares of Compass Minerals International from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $20.00 to $30.00 in a report on Thursday, May 14th. Wall Street Zen cut Compass Minerals International from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Weiss Ratings upgraded Compass Minerals International from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, June 18th. Zacks Research cut Compass Minerals International from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $35.00 target price on shares of Compass Minerals International in a research note on Wednesday, May 27th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $28.80.

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.