Compass Minerals International, Inc. (CMP) Holdings Increased by Raymond James & Associates

Raymond James & Associates raised its holdings in Compass Minerals International, Inc. (NYSE:CMP) by 13.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,990 shares of the basic materials company’s stock after buying an additional 3,021 shares during the quarter. Raymond James & Associates’ holdings in Compass Minerals International were worth $1,709,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CMP. BlackRock Inc. lifted its stake in shares of Compass Minerals International by 5.3% in the 2nd quarter. BlackRock Inc. now owns 3,821,772 shares of the basic materials company’s stock valued at $251,282,000 after purchasing an additional 192,308 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Compass Minerals International by 1.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 886,930 shares of the basic materials company’s stock valued at $58,315,000 after purchasing an additional 15,790 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Compass Minerals International by 6.6% in the 2nd quarter. Wells Fargo & Company MN now owns 614,820 shares of the basic materials company’s stock valued at $40,424,000 after purchasing an additional 38,024 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of Compass Minerals International by 0.8% in the 2nd quarter. Van ECK Associates Corp now owns 555,520 shares of the basic materials company’s stock valued at $36,525,000 after purchasing an additional 4,278 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of Compass Minerals International by 51.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 392,460 shares of the basic materials company’s stock valued at $25,801,000 after purchasing an additional 133,001 shares in the last quarter. Institutional investors own 96.25% of the company’s stock.

Several research firms have recently weighed in on CMP. Zacks Investment Research lowered Compass Minerals International from a “hold” rating to a “sell” rating in a research note on Tuesday. ValuEngine lowered Compass Minerals International from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $70.75.

NYSE CMP opened at $65.94 on Friday. The stock has a market capitalization of $2.27 billion, a PE ratio of 23.73 and a beta of 0.66. Compass Minerals International, Inc. has a 1-year low of $56.50 and a 1-year high of $76.65. The company has a current ratio of 2.66, a quick ratio of 1.46 and a debt-to-equity ratio of 2.28.

Compass Minerals International (NYSE:CMP) last released its quarterly earnings results on Monday, August 6th. The basic materials company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.09). The company had revenue of $246.70 million for the quarter, compared to analyst estimates of $243.24 million. Compass Minerals International had a return on equity of 12.50% and a net margin of 2.27%. The business’s revenue was up 8.2% on a year-over-year basis. During the same period last year, the firm posted ($0.19) earnings per share. Sell-side analysts expect that Compass Minerals International, Inc. will post 2.83 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 17th. Investors of record on Friday, August 31st were given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 4.37%. The ex-dividend date was Thursday, August 30th. Compass Minerals International’s dividend payout ratio (DPR) is presently 104.73%.

Compass Minerals International 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.

See Also: Marijuana Stocks Future Looks Bright

Want to see what other hedge funds are holding CMP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Compass Minerals International, Inc. (NYSE:CMP).

Institutional Ownership by Quarter for Compass Minerals International (NYSE:CMP)

Receive News & Ratings for Compass Minerals International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Compass Minerals International and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply