Nuveen Asset Management LLC Increases Stock Holdings in Compass Minerals International, Inc. (NYSE:CMP)

Nuveen Asset Management LLC increased its stake in Compass Minerals International, Inc. (NYSE:CMP - Free Report) by 642.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,058,551 shares of the basic materials company's stock after buying an additional 915,983 shares during the period. Nuveen Asset Management LLC owned 2.55% of Compass Minerals International worth $11,909,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its stake in Compass Minerals International by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 785,676 shares of the basic materials company's stock worth $8,842,000 after buying an additional 2,865 shares during the period. Michelson Medical Research Foundation Inc. increased its position in Compass Minerals International by 18.8% during the 4th quarter. Michelson Medical Research Foundation Inc. now owns 600,000 shares of the basic materials company's stock valued at $6,750,000 after purchasing an additional 95,000 shares during the period. Lightrock Netherlands B.V. purchased a new position in Compass Minerals International during the 4th quarter valued at about $6,394,000. Icon Advisers Inc. Co. increased its position in Compass Minerals International by 375.0% during the 4th quarter. Icon Advisers Inc. Co. now owns 475,000 shares of the basic materials company's stock valued at $5,344,000 after purchasing an additional 375,000 shares during the period. Finally, Concentric Capital Strategies LP purchased a new position in Compass Minerals International during the 4th quarter valued at about $3,937,000. Hedge funds and other institutional investors own 99.78% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Compass Minerals International from a "neutral" rating to an "overweight" rating and raised their price target for the company from $13.00 to $15.00 in a report on Wednesday, February 12th. Wall Street Zen upgraded shares of Compass Minerals International from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, BMO Capital Markets lifted their price objective on shares of Compass Minerals International from $15.00 to $20.00 and gave the company a "market perform" rating in a research note on Monday, May 12th.

Compass Minerals International Stock Performance

Shares of NYSE:CMP traded down $0.35 during trading on Friday, hitting $19.19. 1,271,701 shares of the stock traded hands, compared to its average volume of 824,148. The company has a quick ratio of 1.12, a current ratio of 2.37 and a debt-to-equity ratio of 3.67. The company has a market cap of $796.46 million, a price-to-earnings ratio of -4.86 and a beta of 0.95. The company has a fifty day moving average price of $13.93 and a two-hundred day moving average price of $12.81. Compass Minerals International, Inc. has a 52-week low of $7.51 and a 52-week high of $20.75.

Compass Minerals International (NYSE:CMP - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $494.60 million for the quarter, compared to the consensus estimate of $413.96 million. The firm's revenue was up 35.9% on a year-over-year basis. As a group, equities analysts predict that Compass Minerals International, Inc. will post -0.53 EPS for the current year.

Compass Minerals International Company Profile

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.