American Century Companies Inc. Boosts Position in Compass Minerals International, Inc. $CMP

Key Points

• American Century Companies Inc. increased its holdings in Compass Minerals International by 275.5% in Q1, owning 581,231 shares worth $5.4 million.
• Compass Minerals reported a quarterly EPS of (0.39), missing estimates, but revenue increased by 5.8% compared to the previous year.
• Wall Street analysts have mixed ratings for Compass Minerals, with an average rating of "Hold" and a consensus target price of $20.00.

American Century Companies Inc. boosted its stake in Compass Minerals International, Inc. (NYSE:CMP - Free Report) by 275.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 581,231 shares of the basic materials company's stock after purchasing an additional 426,458 shares during the quarter. American Century Companies Inc. owned approximately 1.40% of Compass Minerals International worth $5,400,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in CMP. Wells Fargo & Company MN boosted its stake in Compass Minerals International by 24.2% in the 4th quarter. Wells Fargo & Company MN now owns 27,122 shares of the basic materials company's stock worth $305,000 after purchasing an additional 5,292 shares during the period. Raymond James Financial Inc. bought a new position in Compass Minerals International in the 4th quarter worth about $1,439,000. Tower Research Capital LLC TRC boosted its stake in Compass Minerals International by 811.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 13,413 shares of the basic materials company's stock worth $151,000 after purchasing an additional 11,941 shares during the period. Hsbc Holdings PLC boosted its stake in Compass Minerals International by 138.2% in the 4th quarter. Hsbc Holdings PLC now owns 91,003 shares of the basic materials company's stock worth $990,000 after purchasing an additional 52,799 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in Compass Minerals International by 2.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 38,063 shares of the basic materials company's stock worth $429,000 after purchasing an additional 983 shares during the period. Institutional investors own 99.78% of the company's stock.

Compass Minerals International Price Performance

NYSE:CMP traded down $0.20 during mid-day trading on Monday, reaching $19.06. The stock had a trading volume of 320,243 shares, compared to its average volume of 448,609. The firm has a 50 day moving average price of $20.45 and a two-hundred day moving average price of $16.18. The stock has a market capitalization of $794.72 million, a P/E ratio of -6.53 and a beta of 1.07. Compass Minerals International, Inc. has a one year low of $7.51 and a one year high of $22.69. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.15 and a current ratio of 2.15.

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

Analyst Ratings Changes

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

About Compass Minerals International

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.