Northwestern Mutual Wealth Management Co. Purchases 759,715 Shares of Compass Minerals International, Inc. $CMP

Northwestern Mutual Wealth Management Co. boosted its position in shares of Compass Minerals International, Inc. (NYSE:CMPFree Report) by 4,579.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 776,303 shares of the basic materials company’s stock after acquiring an additional 759,715 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Compass Minerals International were worth $15,247,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Compass Minerals International by 14.7% during the 3rd quarter. Vanguard Group Inc. now owns 2,775,116 shares of the basic materials company’s stock valued at $53,282,000 after purchasing an additional 354,960 shares during the last quarter. Ewing Morris & Co. Investment Partners Ltd. grew its holdings in Compass Minerals International by 201.7% during the 2nd quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 1,280,648 shares of the basic materials company’s stock valued at $25,728,000 after purchasing an additional 856,149 shares during the last quarter. American Century Companies Inc. grew its holdings in Compass Minerals International by 35.0% during the 3rd quarter. American Century Companies Inc. now owns 1,236,884 shares of the basic materials company’s stock valued at $23,748,000 after purchasing an additional 320,796 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Compass Minerals International by 11.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 729,630 shares of the basic materials company’s stock valued at $14,009,000 after purchasing an additional 75,881 shares during the last quarter. Finally, O Keefe Stevens Advisory Inc. grew its holdings in Compass Minerals International by 4.2% during the 4th quarter. O Keefe Stevens Advisory Inc. now owns 593,887 shares of the basic materials company’s stock valued at $11,664,000 after purchasing an additional 23,860 shares during the last quarter. 99.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CMP has been the topic of several analyst reports. JPMorgan Chase & Co. upgraded shares of Compass Minerals International from an “underweight” rating to a “neutral” rating and upped their price target for the company from $20.00 to $30.00 in a report on Thursday, May 14th. Zacks Research downgraded shares of Compass Minerals International from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Compass Point set a $30.00 price target on shares of Compass Minerals International in a report on Thursday, May 14th. Wall Street Zen downgraded shares of Compass Minerals International from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings upgraded shares of Compass Minerals International from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $26.00.

Check Out Our Latest Stock Analysis on Compass Minerals International

Compass Minerals International Price Performance

Shares of CMP stock opened at $29.44 on Thursday. The company has a debt-to-equity ratio of 2.60, a current ratio of 2.06 and a quick ratio of 1.34. The company has a market capitalization of $1.24 billion, a P/E ratio of 196.26 and a beta of 1.18. The company’s 50-day simple moving average is $25.20 and its two-hundred day simple moving average is $22.61. Compass Minerals International, Inc. has a one year low of $16.40 and a one year high of $32.39.

Compass Minerals International (NYSE:CMPGet Free Report) last issued its earnings results on Wednesday, May 6th. The basic materials company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. The business had revenue of $453.20 million for the quarter, compared to the consensus estimate of $418.97 million. Compass Minerals International had a net margin of 0.55% and a return on equity of 8.99%. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.63 EPS. As a group, equities analysts anticipate that Compass Minerals International, Inc. will post 0.87 EPS for the current year.

Compass Minerals International Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Compass Minerals International (NYSE:CMP)

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