Compass Minerals (NYSE:CMP) CFO James D. Standen sold 346 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 $21,870.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Compass Minerals stock traded down $1.35 during trading on Friday, reaching $62.40. The stock had a trading volume of 237,576 shares, compared to its average volume of 353,361. Compass Minerals has a 52-week low of $56.50 and a 52-week high of $76.65. The company has a quick ratio of 1.67, a current ratio of 2.75 and a debt-to-equity ratio of 1.92. The company has a market capitalization of $2,156.78, a P/E ratio of 22.69 and a beta of 0.64.
Compass Minerals (NYSE:CMP) last issued its quarterly earnings results on Tuesday, February 13th. The basic materials company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.29. Compass Minerals had a net margin of 3.13% and a return on equity of 13.02%. The company had revenue of $457.90 million during the quarter, compared to the consensus estimate of $468.52 million. research analysts anticipate that Compass Minerals will post 2.89 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were paid a $0.72 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $2.88 dividend on an annualized basis and a yield of 4.62%. Compass Minerals’s dividend payout ratio is currently 104.73%.
A number of institutional investors have recently modified their holdings of the stock. Griffin Asset Management Inc. acquired a new stake in Compass Minerals during the third quarter worth approximately $1,298,000. BB&T Securities LLC raised 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 purchasing an additional 17,899 shares in the last quarter. Deprince Race & Zollo Inc. raised 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 purchasing an additional 103,909 shares in the last quarter. Atria Investments LLC raised its holdings in Compass Minerals by 48.1% during 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. raised its holdings in Compass Minerals by 74.2% during 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.
CMP has been the subject of several recent research reports. Zacks Investment Research raised shares of Compass Minerals from a “sell” rating to a “hold” rating in a research note on Monday, February 5th. Stifel Nicolaus lowered their price objective on shares of Compass Minerals from $85.00 to $79.00 and set a “buy” rating for the company in a research note on Friday, February 16th. Credit Suisse Group reissued an “underperform” rating on shares of Compass Minerals in a research note on Thursday, February 15th. TheStreet lowered shares of Compass Minerals from a “b” rating to a “c+” rating in a research note on Tuesday, February 13th. Finally, Stephens started coverage on shares of Compass Minerals in a research note on Monday, April 2nd. They issued an “overweight” rating and a $74.00 price objective for the company. 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 has an average rating of “Hold” and an average price target of $71.50.
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About Compass Minerals
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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