First PREMIER Bank lowered its stake in Compass Minerals International, Inc. (NYSE:CMP) by 47.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,300 shares of the basic materials company’s stock after selling 2,970 shares during the quarter. First PREMIER Bank’s holdings in Compass Minerals International were worth $138,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also added to or reduced their stakes in the business. BlackRock Inc. grew its position 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 worth $251,282,000 after buying an additional 192,308 shares during the last quarter. Dimensional Fund Advisors LP grew its position 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 worth $58,315,000 after buying an additional 15,790 shares during the last quarter. Raymond James & Associates grew its position in shares of Compass Minerals International by 13.2% in the 2nd quarter. Raymond James & Associates now owns 25,990 shares of the basic materials company’s stock worth $1,709,000 after buying an additional 3,021 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Compass Minerals International in the 2nd quarter worth approximately $328,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Compass Minerals International by 80.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,981 shares of the basic materials company’s stock worth $196,000 after buying an additional 1,331 shares during the last quarter. 96.10% of the stock is currently owned by hedge funds and other institutional investors.
CMP has been the topic of several research reports. BMO Capital Markets dropped their price target on Compass Minerals International from $70.00 to $65.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 24th. Credit Suisse Group cut Compass Minerals International from a “neutral” rating to an “underperform” rating and set a $48.06 price target for the company. in a research note on Sunday, December 2nd. Monness Crespi & Hardt decreased their price target on Compass Minerals International from $76.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, November 2nd. ValuEngine cut Compass Minerals International from a “hold” rating to a “sell” rating in a research note on Tuesday, October 23rd. Finally, Zacks Investment Research cut Compass Minerals International from a “hold” rating to a “sell” rating in a research note on Tuesday, October 9th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $64.81.
Compass Minerals International stock traded down $0.21 during mid-day trading on Monday, reaching $44.11. 10,464 shares of the stock traded hands, compared to its average volume of 420,283. The stock has a market cap of $1.47 billion, a PE ratio of 16.01 and a beta of 1.15. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.32 and a current ratio of 2.55. Compass Minerals International, Inc. has a 12-month low of $38.19 and a 12-month high of $75.95.
Compass Minerals International (NYSE:CMP) last posted its quarterly earnings data on Wednesday, October 31st. The basic materials company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). Compass Minerals International had a net margin of 0.91% and a return on equity of 12.10%. The firm had revenue of $322.50 million for the quarter, compared to analysts’ expectations of $316.49 million. During the same quarter last year, the company posted $0.65 EPS. The firm’s revenue was up 10.9% compared to the same quarter last year. As a group, sell-side analysts predict that Compass Minerals International, Inc. will post 2.28 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 17th. Stockholders of record on Monday, December 3rd were paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 6.53%. The ex-dividend date was Friday, November 30th. Compass Minerals International’s dividend payout ratio (DPR) is 104.73%.
In other Compass Minerals International news, CFO James D. Standen acquired 750 shares of the company’s stock in a transaction dated Friday, December 7th. The stock was purchased at an average price of $47.75 per share, with a total value of $35,812.50. Following the completion of the purchase, the chief financial officer now directly owns 2,090 shares in the company, valued at approximately $99,797.50. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.94% of the company’s stock.
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About Compass Minerals International
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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