Advisors Asset Management Inc. bought a new position in shares of Compass Minerals International, Inc. (NYSE:CMP) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 332,199 shares of the basic materials company’s stock, valued at approximately $21,842,000. Advisors Asset Management Inc. owned approximately 0.98% of Compass Minerals International as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC acquired a new stake in Compass Minerals International during the 2nd quarter worth approximately $141,000. Archford Capital Strategies LLC acquired a new stake in Compass Minerals International during the 1st quarter worth approximately $158,000. Stratos Wealth Partners LTD. increased its position in Compass Minerals International by 65.2% during the 1st quarter. Stratos Wealth Partners LTD. now owns 2,280 shares of the basic materials company’s stock worth $137,000 after purchasing an additional 900 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Compass Minerals International by 80.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,981 shares of the basic materials company’s stock worth $196,000 after purchasing an additional 1,331 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new stake in Compass Minerals International during the 2nd quarter worth approximately $211,000. 97.29% of the stock is owned by hedge funds and other institutional investors.
CMP opened at $63.65 on Monday. The company has a market cap of $2.12 billion, a P/E ratio of 23.15 and a beta of 0.68. Compass Minerals International, Inc. has a 1 year low of $56.50 and a 1 year high of $76.65. The company has a debt-to-equity ratio of 2.28, a current ratio of 2.66 and a quick ratio of 1.46.
Compass Minerals International (NYSE:CMP) last issued its quarterly earnings data on Monday, August 6th. The basic materials company reported ($0.23) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.09). Compass Minerals International had a net margin of 2.27% and a return on equity of 12.50%. The firm had revenue of $246.70 million during the quarter, compared to analyst estimates of $243.24 million. During the same period last year, the business earned ($0.19) EPS. The firm’s revenue was up 8.2% compared to the same quarter last year. analysts expect that Compass Minerals International, Inc. will post 2.83 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 17th. Shareholders of record on Friday, August 31st will be given a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 4.52%. The ex-dividend date is Thursday, August 30th. Compass Minerals International’s dividend payout ratio (DPR) is 104.73%.
Separately, ValuEngine downgraded shares of Compass Minerals International from a “hold” rating to a “sell” rating in a research report on Tuesday, August 14th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. Compass Minerals International has an average rating of “Hold” and a consensus price target of $71.50.
Compass Minerals International 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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