Lee Danner & Bass Inc. Reduces Stock Position in Compass Minerals International, Inc. $CMP

Lee Danner & Bass Inc. cut its stake in Compass Minerals International, Inc. (NYSE:CMP) by 8.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 310,750 shares of the basic materials company’s stock after selling 29,250 shares during the period. Lee Danner & Bass Inc. owned approximately 0.74% of Compass Minerals International worth $6,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in CMP. Royal Bank of Canada grew its position in shares of Compass Minerals International by 10.5% in the first quarter. Royal Bank of Canada now owns 49,928 shares of the basic materials company’s stock valued at $464,000 after purchasing an additional 4,740 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Compass Minerals International by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,665 shares of the basic materials company’s stock valued at $192,000 after acquiring an additional 858 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Compass Minerals International by 16.1% in the second quarter. JPMorgan Chase & Co. now owns 191,626 shares of the basic materials company’s stock valued at $3,850,000 after acquiring an additional 26,531 shares during the last quarter. Legal & General Group Plc lifted its holdings in Compass Minerals International by 15.4% in the second quarter. Legal & General Group Plc now owns 39,625 shares of the basic materials company’s stock valued at $796,000 after acquiring an additional 5,292 shares during the last quarter. Finally, Prudential Financial Inc. acquired a new position in Compass Minerals International in the second quarter valued at approximately $267,000. 99.78% of the stock is currently owned by hedge funds and other institutional investors.

Compass Minerals International Trading Down 0.5%

CMP opened at $25.28 on Friday. Compass Minerals International, Inc. has a one year low of $12.10 and a one year high of $27.15. The stock has a market capitalization of $1.06 billion, a PE ratio of -27.47 and a beta of 1.16. The business’s 50 day moving average price is $23.95 and its 200 day moving average price is $21.51. The company has a debt-to-equity ratio of 3.39, a quick ratio of 1.53 and a current ratio of 2.59.

Compass Minerals International (NYSE:CMP) last released its quarterly earnings data on Wednesday, February 4th. The basic materials company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.32. Compass Minerals International had a positive return on equity of 8.69% and a negative net margin of 2.82%.The firm had revenue of $396.10 million for the quarter, compared to analysts’ expectations of $329.23 million. During the same period in the prior year, the firm posted ($0.55) earnings per share. The firm’s quarterly revenue was up 28.9% on a year-over-year basis. As a group, equities research analysts expect that Compass Minerals International, Inc. will post 0.89 EPS for the current year.

Analyst Ratings Changes

CMP has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Compass Minerals International in a report on Monday, April 20th. Loop Capital set a $24.00 price objective on Compass Minerals International in a report on Tuesday, December 30th. BMO Capital Markets upped their price objective on Compass Minerals International from $20.00 to $25.00 and gave the company a “market perform” rating in a report on Monday, January 5th. Finally, Zacks Research upgraded Compass Minerals International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Compass Minerals International has an average rating of “Hold” and an average price target of $22.00.

Compass Minerals International Company Profile

Compass Minerals International, Inc is a global producer of essential mineral-based products, primarily known for its salt and plant nutrition portfolios. The company’s deicing salts are used by municipalities and commercial customers across North America to maintain safer roadways in winter months. In addition, its water conditioning salts serve both residential and industrial users, supporting water treatment systems that remove hard minerals to protect plumbing and equipment.

Beyond conventional salt products, Compass Minerals has developed a specialty plant nutrition business focused on sulfate of potash (SOP), a premium fertilizer that provides both potassium and sulfur to crops.