Ameriprise Financial Inc. Acquires Shares of 70,736 Compass Minerals International, Inc. (NYSE:CMP)

Ameriprise Financial Inc. acquired a new position in shares of Compass Minerals International, Inc. (NYSE:CMP - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 70,736 shares of the basic materials company's stock, valued at approximately $796,000. Ameriprise Financial Inc. owned 0.17% of Compass Minerals International at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CMP. Lightrock Netherlands B.V. acquired a new stake in shares of Compass Minerals International during the fourth quarter worth $6,394,000. New York State Common Retirement Fund raised its holdings in shares of Compass Minerals International by 35.9% during the fourth quarter. New York State Common Retirement Fund now owns 7,189 shares of the basic materials company's stock worth $81,000 after purchasing an additional 1,900 shares during the last quarter. Denver PWM LLC raised its holdings in shares of Compass Minerals International by 25.8% during the fourth quarter. Denver PWM LLC now owns 4,712 shares of the basic materials company's stock worth $53,000 after purchasing an additional 967 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Compass Minerals International by 44.1% during the fourth quarter. Jones Financial Companies Lllp now owns 18,111 shares of the basic materials company's stock worth $204,000 after purchasing an additional 5,544 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in shares of Compass Minerals International by 6,121.5% during the fourth quarter. Assetmark Inc. now owns 30,050 shares of the basic materials company's stock worth $338,000 after purchasing an additional 29,567 shares during the last quarter. 99.78% of the stock is currently owned by institutional investors and hedge funds.

Compass Minerals International Stock Performance

Shares of Compass Minerals International stock traded up $0.91 during trading on Wednesday, hitting $20.15. 681,731 shares of the company's stock were exchanged, compared to its average volume of 822,864. The company has a debt-to-equity ratio of 3.67, a quick ratio of 1.12 and a current ratio of 2.37. The business has a 50-day simple moving average of $14.31 and a 200-day simple moving average of $12.89. Compass Minerals International, Inc. has a 52-week low of $7.51 and a 52-week high of $20.75. The stock has a market capitalization of $836.31 million, a price-to-earnings ratio of -5.10 and a beta of 1.11.

Compass Minerals International (NYSE:CMP - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.24. Compass Minerals International had a negative net margin of 15.10% and a negative return on equity of 10.00%. The company had revenue of $494.60 million during the quarter, compared to analysts' expectations of $413.96 million. The company's revenue was up 35.9% compared to the same quarter last year. On average, research analysts forecast that Compass Minerals International, Inc. will post -0.53 EPS for the current year.

Analyst Ratings Changes

CMP has been the subject of several recent research reports. BMO Capital Markets raised their target price on shares of Compass Minerals International from $15.00 to $20.00 and gave the stock a "market perform" rating in a report on Monday, May 12th. JPMorgan Chase & Co. raised shares of Compass Minerals International from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $13.00 to $15.00 in a report on Wednesday, February 12th. Finally, Wall Street Zen raised shares of Compass Minerals International from a "hold" rating to a "buy" rating in a report on Saturday.

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.