345,500 Shares in Compass Minerals International, Inc. $CMP Acquired by Hennessy Advisors Inc.

Hennessy Advisors Inc. bought a new stake in Compass Minerals International, Inc. (NYSE:CMP) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 345,500 shares of the basic materials company’s stock, valued at approximately $10,755,000. Hennessy Advisors Inc. owned 0.82% of Compass Minerals International as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. SailingStone Capital Partners LLC grew its holdings in shares of Compass Minerals International by 6.1% during the 4th quarter. SailingStone Capital Partners LLC now owns 5,414,067 shares of the basic materials company’s stock worth $106,332,000 after purchasing an additional 308,957 shares during the period. Vanguard Group Inc. boosted its stake in Compass Minerals International by 14.7% during the third quarter. Vanguard Group Inc. now owns 2,775,116 shares of the basic materials company’s stock worth $53,282,000 after buying an additional 354,960 shares during the period. Engine Capital Management LP boosted its stake in Compass Minerals International by 275.4% during the first quarter. Engine Capital Management LP now owns 1,439,065 shares of the basic materials company’s stock worth $33,602,000 after buying an additional 1,055,740 shares during the period. Irenic Capital Management LP acquired a new stake in shares of Compass Minerals International during the first quarter valued at about $33,520,000. Finally, Ewing Morris & Co. Investment Partners Ltd. increased its position in shares of Compass Minerals International by 201.7% during the second quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 1,280,648 shares of the basic materials company’s stock valued at $25,728,000 after acquiring an additional 856,149 shares during the last quarter. Institutional investors and hedge funds own 99.78% of the company’s stock.

Compass Minerals International Price Performance

Shares of NYSE CMP opened at $24.74 on Friday. The company has a debt-to-equity ratio of 2.72, a current ratio of 2.01 and a quick ratio of 0.98. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 57.53 and a beta of 1.23. The stock’s 50-day moving average is $28.31 and its two-hundred day moving average is $27.00. Compass Minerals International, Inc. has a 1-year low of $16.40 and a 1-year high of $34.50.

Compass Minerals International (NYSE:CMP) last issued its earnings results on Wednesday, August 5th. The basic materials company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.08). Compass Minerals International had a net margin of 1.42% and a return on equity of 12.75%. The firm had revenue of $215.30 million during the quarter, compared to analyst estimates of $207.75 million. During the same period last year, the business earned ($0.39) EPS. The firm’s revenue was up .3% compared to the same quarter last year. Analysts forecast that Compass Minerals International, Inc. will post 0.92 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on CMP. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $27.00 target price (down from $30.00) on shares of Compass Minerals International in a report on Monday, August 10th. Weiss Ratings lowered Compass Minerals International from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $35.00 price objective on shares of Compass Minerals International in a report on Wednesday, May 27th. Wall Street Zen lowered Compass Minerals International from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Finally, Zacks Research cut Compass Minerals International from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $27.60.

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.