Compass Minerals (NYSE:CMP) SVP Steven N. Berger sold 311 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $63.21, for a total transaction of $19,658.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Steven N. Berger also recently made the following trade(s):
- On Wednesday, March 28th, Steven N. Berger purchased 750 shares of Compass Minerals stock. The stock was bought at an average cost of $59.35 per share, with a total value of $44,512.50.
CMP traded down $1.35 on Friday, reaching $62.40. The company had a trading volume of 237,576 shares, compared to its average volume of 353,361. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.67 and a current ratio of 2.75. The firm has a market cap of $2,156.78, a P/E ratio of 22.69 and a beta of 0.64. Compass Minerals has a fifty-two week low of $56.50 and a fifty-two week high of $76.65.
Compass Minerals (NYSE:CMP) last released its quarterly earnings data on Tuesday, February 13th. The basic materials company reported $1.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.29. Compass Minerals had a net margin of 3.13% and a return on equity of 13.02%. The business had revenue of $457.90 million during the quarter, compared to analysts’ expectations of $468.52 million. equities analysts forecast that Compass Minerals will post 2.89 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 4.62%. The ex-dividend date of this dividend was Wednesday, February 28th. Compass Minerals’s dividend payout ratio is presently 104.73%.
A number of brokerages recently weighed in on CMP. Stephens began coverage on shares of Compass Minerals in a report on Monday, April 2nd. They issued an “overweight” rating and a $74.00 price target for the company. BMO Capital Markets lowered their price target on shares of Compass Minerals from $75.00 to $70.00 and set a “market perform” rating for the company in a report on Thursday, February 15th. ValuEngine cut shares of Compass Minerals from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Stifel Nicolaus reduced their price target on shares of Compass Minerals from $85.00 to $79.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. Finally, Credit Suisse Group reaffirmed an “underperform” rating on shares of Compass Minerals in a research report on Thursday, February 15th. Four equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. Compass Minerals presently has an average rating of “Hold” and a consensus target price of $71.50.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Griffin Asset Management Inc. bought a new position in shares of Compass Minerals in the third quarter valued at $1,298,000. BB&T Securities LLC increased its holdings in Compass Minerals by 8.8% during the third quarter. BB&T Securities LLC now owns 222,417 shares of the basic materials company’s stock worth $14,434,000 after buying an additional 17,899 shares during the last quarter. Deprince Race & Zollo Inc. increased its holdings in Compass Minerals by 15.0% during the fourth quarter. Deprince Race & Zollo Inc. now owns 796,741 shares of the basic materials company’s stock worth $57,565,000 after buying an additional 103,909 shares during the last quarter. Atria Investments LLC increased its stake in shares of Compass Minerals by 48.1% in the fourth quarter. Atria Investments LLC now owns 8,736 shares of the basic materials company’s stock worth $631,000 after purchasing an additional 2,838 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Compass Minerals by 74.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 49,721 shares of the basic materials company’s stock worth $3,593,000 after purchasing an additional 21,175 shares in the last quarter.
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Compass Minerals Company Profile
Compass Minerals International, Inc, produces and sells salt, and specialty plant nutrition and chemical products primarily in the United States, Canada, Brazil, and the United Kingdom. It operates in three segments: Salt, Plant Nutrition North America, and Plant Nutrition South America. The Salt segment offers sodium chloride and magnesium chloride, including rock salt, mechanically and solar evaporated salt, and brine and flake magnesium chloride products; and purchases potassium chloride and calcium chloride to sell as finished products or to blend with salt to produce specialty products.
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