Comerica Bank lifted its position in shares of Compass Minerals International, Inc. (NYSE:CMP) by 13.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 86,679 shares of the basic materials company’s stock after buying an additional 10,286 shares during the period. Comerica Bank owned 0.26% of Compass Minerals International worth $5,742,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in CMP. Bruderman Asset Management LLC purchased a new position in Compass Minerals International during the second quarter worth approximately $146,000. IFP Advisors Inc increased its position in shares of Compass Minerals International by 93.6% in the third quarter. IFP Advisors Inc now owns 2,431 shares of the basic materials company’s stock worth $158,000 after acquiring an additional 1,175 shares in the last quarter. LS Investment Advisors LLC increased its position in shares of Compass Minerals International by 20.3% in the second quarter. LS Investment Advisors LLC now owns 2,786 shares of the basic materials company’s stock worth $182,000 after acquiring an additional 470 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Compass Minerals International in the second quarter worth $206,000. Finally, Legg Mason Asset Management Japan Co. Ltd. acquired a new stake in shares of Compass Minerals International in the second quarter worth $229,000.
Several research firms have recently issued reports on CMP. BidaskClub lowered shares of Compass Minerals International from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Credit Suisse Group set a $63.00 price target on shares of Compass Minerals International and gave the company a “hold” rating in a report on Wednesday, August 9th. TheStreet raised shares of Compass Minerals International from a “c+” rating to a “b” rating in a report on Thursday, November 30th. J P Morgan Chase & Co raised shares of Compass Minerals International from a “neutral” rating to an “overweight” rating and set a $70.00 price target for the company in a report on Monday, September 25th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $84.00 price objective on shares of Compass Minerals International in a research note on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $73.60.
Compass Minerals International, Inc. (CMP) traded up $0.70 during trading on Thursday, hitting $68.45. 389,672 shares of the stock were exchanged, compared to its average volume of 393,256. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.18 and a current ratio of 2.52. Compass Minerals International, Inc. has a one year low of $59.72 and a one year high of $84.40. The company has a market cap of $2,310.42, a P/E ratio of 27.99 and a beta of 0.51.
Compass Minerals International (NYSE:CMP) last posted its quarterly earnings results on Monday, October 30th. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.20). The business had revenue of $290.70 million during the quarter, compared to the consensus estimate of $323.76 million. Compass Minerals International had a return on equity of 11.52% and a net margin of 10.72%. The company’s quarterly revenue was up 61.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.27 earnings per share. equities analysts expect that Compass Minerals International, Inc. will post 2.62 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $0.72 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $2.88 annualized dividend and a yield of 4.21%. Compass Minerals International’s dividend payout ratio is presently 67.76%.
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Compass Minerals International Company 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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