Lee Danner & Bass Inc. Purchases 295,000 Shares of Compass Minerals International, Inc. $CMP

Lee Danner & Bass Inc. boosted its position in Compass Minerals International, Inc. (NYSE:CMP) by 94.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 605,750 shares of the basic materials company’s stock after buying an additional 295,000 shares during the quarter. Compass Minerals International makes up about 0.9% of Lee Danner & Bass Inc.’s holdings, making the stock its 26th largest position. Lee Danner & Bass Inc. owned about 1.45% of Compass Minerals International worth $14,144,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Janney Montgomery Scott LLC grew its stake in shares of Compass Minerals International by 2.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 134,814 shares of the basic materials company’s stock worth $3,148,000 after acquiring an additional 2,992 shares during the period. Krilogy Financial LLC raised its stake in Compass Minerals International by 188.7% in the 1st quarter. Krilogy Financial LLC now owns 58,651 shares of the basic materials company’s stock valued at $1,516,000 after acquiring an additional 38,335 shares during the period. XTX Topco Ltd bought a new stake in Compass Minerals International in the 4th quarter valued at about $628,000. Gotham Asset Management LLC raised its stake in Compass Minerals International by 19.4% in the 4th quarter. Gotham Asset Management LLC now owns 64,840 shares of the basic materials company’s stock valued at $1,273,000 after acquiring an additional 10,537 shares during the period. Finally, Engine Capital Management LP purchased a new stake in Compass Minerals International during the fourth quarter valued at about $7,529,000. 99.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CMP shares. Compass Point set a $30.00 target price on shares of Compass Minerals International in a research note on Thursday, May 14th. JPMorgan Chase & Co. upgraded shares of Compass Minerals International from an “underweight” rating to a “neutral” rating and upped their price target for the company from $20.00 to $30.00 in a research note on Thursday, May 14th. Wall Street Zen downgraded shares of Compass Minerals International from a “buy” rating to a “hold” rating in a report on Sunday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $35.00 price objective on shares of Compass Minerals International in a research note on Wednesday, May 27th. Finally, Zacks Research cut shares of Compass Minerals International from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $28.80.

Compass Minerals International Stock Performance

NYSE CMP opened at $29.91 on Friday. The company’s 50 day simple moving average is $29.63 and its two-hundred day simple moving average is $25.41. The company has a debt-to-equity ratio of 2.60, a current ratio of 2.06 and a quick ratio of 1.34. Compass Minerals International, Inc. has a 1 year low of $16.40 and a 1 year high of $34.50. The stock has a market capitalization of $1.26 billion, a PE ratio of 199.43 and a beta of 1.24.

Compass Minerals International (NYSE:CMP) last released its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. The firm had revenue of $453.20 million during the quarter, compared to analyst estimates of $418.97 million. Compass Minerals International had a net margin of 0.55% and a return on equity of 8.99%. The business’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.63 EPS. Analysts predict that Compass Minerals International, Inc. will post 0.82 earnings per share for the current fiscal year.

About Compass Minerals International

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.