Financial Counselors Inc. boosted its position in shares of Compass Minerals International, Inc. (NYSE:CMP) by 84.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 68,644 shares of the basic materials company’s stock after buying an additional 31,510 shares during the period. Financial Counselors Inc. owned approximately 0.20% of Compass Minerals International worth $4,482,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Alliancebernstein L.P. boosted its stake in Compass Minerals International by 121.0% during the second quarter. Alliancebernstein L.P. now owns 57,291 shares of the basic materials company’s stock valued at $3,741,000 after buying an additional 31,373 shares during the last quarter. AMG Funds LLC boosted its stake in Compass Minerals International by 0.7% during the second quarter. AMG Funds LLC now owns 23,236 shares of the basic materials company’s stock valued at $1,517,000 after buying an additional 170 shares during the last quarter. South Dakota Investment Council boosted its stake in Compass Minerals International by 93.7% during the second quarter. South Dakota Investment Council now owns 30,800 shares of the basic materials company’s stock valued at $2,011,000 after buying an additional 14,900 shares during the last quarter. Private Advisor Group LLC boosted its stake in Compass Minerals International by 55.2% during the second quarter. Private Advisor Group LLC now owns 24,893 shares of the basic materials company’s stock valued at $1,653,000 after buying an additional 8,852 shares during the last quarter. Finally, Farr Miller & Washington LLC DC bought a new position in Compass Minerals International during the second quarter valued at approximately $258,000.
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Shares of Compass Minerals International, Inc. (NYSE CMP) traded up 0.94% during midday trading on Friday, hitting $69.65. The stock had a trading volume of 479,474 shares. Compass Minerals International, Inc. has a 52-week low of $62.70 and a 52-week high of $84.40. The firm’s 50 day moving average price is $66.97 and its 200 day moving average price is $67.32. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of 19.46 and a beta of 0.46.
Compass Minerals International (NYSE:CMP) last posted its earnings results on Monday, August 7th. The basic materials company reported ($0.19) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.12). The business had revenue of $228.00 million for the quarter, compared to analyst estimates of $261.13 million. Compass Minerals International had a net margin of 9.83% and a return on equity of 10.01%. The business’s revenue was up 34.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.18 EPS. On average, equities research analysts expect that Compass Minerals International, Inc. will post $3.02 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a dividend of $0.72 per share. The ex-dividend date was Wednesday, August 30th. This represents a $2.88 annualized dividend and a dividend yield of 4.13%. Compass Minerals International’s payout ratio is 80.45%.
A number of equities research analysts have issued reports on the company. Zacks Investment Research downgraded Compass Minerals International from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. BidaskClub upgraded Compass Minerals International from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Credit Suisse Group set a $63.00 price objective on Compass Minerals International and gave the company a “hold” rating in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $73.50.
Compass Minerals International Profile
Compass Minerals International, Inc (CMI) is a provider of essential minerals that solve nature’s challenges, including salt for winter roadway safety and other consumer, industrial and agricultural uses; specialty plant nutrition minerals for the quality and yield of crops, and specialty chemicals for water treatment and other industrial processes.
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