Russell Investments Group Ltd. boosted its stake in Compass Minerals International, Inc. (NYSE:CMP) by 9.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 353,739 shares of the basic materials company’s stock after purchasing an additional 31,440 shares during the quarter. Russell Investments Group Ltd. owned about 1.05% of Compass Minerals International worth $22,957,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Bruderman Asset Management LLC purchased a new stake in Compass Minerals International in the second quarter valued at approximately $146,000. IFP Advisors Inc grew its holdings in Compass Minerals International by 93.6% in the third quarter. IFP Advisors Inc now owns 2,431 shares of the basic materials company’s stock valued at $158,000 after purchasing an additional 1,175 shares during the period. LS Investment Advisors LLC grew its holdings in Compass Minerals International by 20.3% in the second quarter. LS Investment Advisors LLC now owns 2,786 shares of the basic materials company’s stock valued at $182,000 after purchasing an additional 470 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new stake in Compass Minerals International in the second quarter valued at approximately $206,000. Finally, Legg Mason Asset Management Japan Co. Ltd. purchased a new stake in Compass Minerals International in the second quarter valued at approximately $229,000.
Shares of Compass Minerals International, Inc. (CMP) opened at $67.40 on Friday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.18 and a current ratio of 2.52. Compass Minerals International, Inc. has a 52 week low of $59.72 and a 52 week high of $84.40. The stock has a market cap of $2,279.94, a P/E ratio of 27.62 and a beta of 0.49.
Compass Minerals International (NYSE:CMP) last released its quarterly earnings data on Monday, October 30th. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.20). Compass Minerals International had a return on equity of 11.52% and a net margin of 10.72%. The business had revenue of $290.70 million for the quarter, compared to analysts’ expectations of $323.76 million. During the same quarter in the prior year, the firm earned $0.27 earnings per share. Compass Minerals International’s quarterly revenue was up 61.9% compared to the same quarter last year. sell-side analysts predict that Compass Minerals International, Inc. will post 2.62 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.72 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $2.88 annualized dividend and a yield of 4.27%. Compass Minerals International’s dividend payout ratio is currently 67.76%.
CMP has been the subject of a number of recent analyst reports. Stifel Nicolaus restated a “buy” rating and issued a $84.00 target price on shares of Compass Minerals International in a report on Wednesday, November 1st. Monness Crespi & Hardt upgraded shares of Compass Minerals International from a “neutral” rating to a “buy” rating and set a $76.00 target price for the company in a report on Monday, October 2nd. Zacks Investment Research upgraded shares of Compass Minerals International from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Credit Suisse Group set a $63.00 price objective on shares of Compass Minerals International and gave the stock a “hold” rating in a research note on Wednesday, August 9th. Finally, J P Morgan Chase & Co upgraded shares of Compass Minerals International from a “neutral” rating to an “overweight” rating and set a $70.00 price objective for the company in a research note on Monday, September 25th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $73.60.
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Compass Minerals International Profile
Compass Minerals International, Inc (CMI) is a provider of essential minerals that solve nature’s challenges, including salt for winter roadway safety and other consumer, industrial and agricultural uses; specialty plant nutrition minerals for the quality and yield of crops, and specialty chemicals for water treatment and other industrial processes.
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