Quantbot Technologies LP Buys New Stake in Compass Minerals International, Inc. $CMP

Key Points

• Quantbot Technologies LP acquired a stake of 68,272 shares in Compass Minerals International, Inc., valued at approximately $634,000, reflecting its ongoing investment interest in the basic materials company.
• Institutional investors own 99.78% of Compass Minerals International, with notable increases from firms like Koch Inc. and Nuveen Asset Management LLC in recent quarters.
• Compass Minerals reported a Q2 EPS of ($0.39), missing analysts' estimates, while its revenue increased by 5.8% compared to the previous year, signaling mixed performance amid ongoing challenges.

Quantbot Technologies LP bought a new stake in Compass Minerals International, Inc. (NYSE:CMP - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 68,272 shares of the basic materials company's stock, valued at approximately $634,000. Quantbot Technologies LP owned approximately 0.16% of Compass Minerals International as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. boosted its stake in Compass Minerals International by 275.5% in the first quarter. American Century Companies Inc. now owns 581,231 shares of the basic materials company's stock valued at $5,400,000 after acquiring an additional 426,458 shares in the last quarter. Tejara Capital Ltd acquired a new stake in Compass Minerals International in the first quarter valued at approximately $741,000. Fox Run Management L.L.C. acquired a new stake in Compass Minerals International in the first quarter valued at approximately $104,000. Nuveen LLC acquired a new stake in Compass Minerals International in the first quarter valued at approximately $4,279,000. Finally, Virtu Financial LLC acquired a new stake in Compass Minerals International in the first quarter valued at approximately $108,000. 99.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Compass Minerals International Stock Performance

NYSE CMP traded down $0.20 on Friday, reaching $19.06. 320,243 shares of the company's stock traded hands, compared to its average volume of 448,609. The firm has a market cap of $794.74 million, a price-to-earnings ratio of -6.53 and a beta of 1.07. The stock has a 50 day moving average price of $20.45 and a 200-day moving average price of $16.18. Compass Minerals International, Inc. has a fifty-two week low of $7.51 and a fifty-two week 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 posted its earnings results on Monday, August 11th. The basic materials company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.26). The business had revenue of $214.60 million for the quarter, compared to analyst estimates 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 company's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($1.05) earnings per share. Compass Minerals International has set its FY 2025 guidance at EPS. Equities research analysts predict that Compass Minerals International, Inc. will post -0.53 EPS for the current fiscal 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.