Nuveen LLC Acquires New Holdings in Compass Minerals International, Inc. $CMP

Key Points

• Nuveen LLC has acquired a new stake in Compass Minerals International, Inc., purchasing 460,594 shares valued at approximately $4.3 million.
• Wall Street analysts have recently increased their price targets for Compass Minerals, with BMO Capital Markets raising theirs from $15.00 to $20.00 and Deutsche Bank moving from $14.00 to $22.00.
• Despite a year-over-year revenue increase of 5.8%, Compass Minerals reported an EPS of ($0.39), missing analysts' expectations by ($0.26).

Nuveen LLC purchased a new stake in Compass Minerals International, Inc. (NYSE:CMP - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 460,594 shares of the basic materials company's stock, valued at approximately $4,279,000. Nuveen LLC owned approximately 1.11% of Compass Minerals International at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Federated Hermes Inc. acquired a new stake in Compass Minerals International during the 1st quarter worth $40,000. GAMMA Investing LLC grew its stake in shares of Compass Minerals International by 361.4% during the first quarter. GAMMA Investing LLC now owns 4,812 shares of the basic materials company's stock worth $45,000 after purchasing an additional 3,769 shares during the period. Corton Capital Inc. bought a new stake in Compass Minerals International in the fourth quarter valued at about $127,000. Virtu Financial LLC acquired a new position in Compass Minerals International in the first quarter valued at about $108,000. Finally, Patriot Financial Group Insurance Agency LLC bought a new position in Compass Minerals International during the 1st quarter worth approximately $110,000. 99.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Compass Minerals International Price Performance

Shares of CMP stock traded down $0.20 during trading hours on Monday, hitting $19.06. 320,243 shares of the company's stock were exchanged, compared to its average volume of 448,609. The company has a market capitalization of $794.74 million, a PE ratio of -6.53 and a beta of 1.07. The company has a current ratio of 2.15, a quick ratio of 1.15 and a debt-to-equity ratio of 3.30. Compass Minerals International, Inc. has a 12-month low of $7.51 and a 12-month high of $22.69. The business's 50 day simple moving average is $20.43 and its 200-day simple moving average is $16.24.

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