Compass Minerals International, Inc. (NYSE:CMP) Shares Sold by Cubic Asset Management LLC

Cubic Asset Management LLC lessened its stake in shares of Compass Minerals International, Inc. (NYSE:CMPGet Rating) by 50.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,633 shares of the basic materials company’s stock after selling 19,175 shares during the period. Cubic Asset Management LLC owned 0.05% of Compass Minerals International worth $1,170,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CMP. Concord Wealth Partners grew its stake in Compass Minerals International by 13.8% during the 4th quarter. Concord Wealth Partners now owns 1,828 shares of the basic materials company’s stock valued at $93,000 after acquiring an additional 222 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Compass Minerals International by 23.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,284 shares of the basic materials company’s stock worth $117,000 after purchasing an additional 434 shares during the period. Mutual of America Capital Management LLC boosted its position in shares of Compass Minerals International by 1.4% during the 4th quarter. Mutual of America Capital Management LLC now owns 30,451 shares of the basic materials company’s stock worth $1,555,000 after purchasing an additional 435 shares during the period. ProVise Management Group LLC boosted its position in shares of Compass Minerals International by 11.3% during the 4th quarter. ProVise Management Group LLC now owns 4,589 shares of the basic materials company’s stock worth $234,000 after purchasing an additional 467 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Compass Minerals International by 13.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,882 shares of the basic materials company’s stock worth $198,000 after purchasing an additional 474 shares during the period. Hedge funds and other institutional investors own 94.99% of the company’s stock.

Shares of CMP opened at $32.85 on Wednesday. Compass Minerals International, Inc. has a twelve month low of $31.78 and a twelve month high of $75.44. The firm’s fifty day simple moving average is $43.40 and its 200-day simple moving average is $52.60. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of -105.96 and a beta of 1.49. The company has a current ratio of 2.33, a quick ratio of 1.39 and a debt-to-equity ratio of 3.22.

Compass Minerals International (NYSE:CMPGet Rating) last posted its earnings results on Thursday, May 5th. The basic materials company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.60). Compass Minerals International had a negative net margin of 0.72% and a positive return on equity of 1.42%. The company had revenue of $448.50 million during the quarter, compared to analysts’ expectations of $422.32 million. During the same period last year, the business earned $0.95 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. On average, analysts predict that Compass Minerals International, Inc. will post 0.21 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 20th. Shareholders of record on Friday, June 10th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.83%. The ex-dividend date was Thursday, June 9th. Compass Minerals International’s payout ratio is currently -193.54%.

In other news, CEO Kevin S. Crutchfield bought 1,330 shares of the stock in a transaction dated Wednesday, June 15th. The shares were acquired at an average price of $37.48 per share, with a total value of $49,848.40. Following the completion of the acquisition, the chief executive officer now directly owns 50,295 shares in the company, valued at $1,885,056.60. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Mary L. Frontczak bought 1,000 shares of the stock in a transaction dated Wednesday, June 15th. The stock was purchased at an average cost of $37.03 per share, for a total transaction of $37,030.00. Following the acquisition, the insider now owns 4,489 shares of the company’s stock, valued at $166,227.67. The disclosure for this purchase can be found here. Insiders have acquired a total of 8,780 shares of company stock worth $303,533 over the last three months. 1.05% of the stock is currently owned by insiders.

A number of equities research analysts have issued reports on CMP shares. StockNews.com started coverage on shares of Compass Minerals International in a report on Thursday, March 31st. They set a “hold” rating on the stock. CL King reduced their target price on shares of Compass Minerals International from $67.00 to $52.00 in a report on Wednesday, May 11th. TheStreet lowered shares of Compass Minerals International from a “c-” rating to a “d+” rating in a report on Wednesday, May 18th. BMO Capital Markets increased their target price on shares of Compass Minerals International from $60.00 to $63.00 and gave the stock a “market perform” rating in a report on Monday, April 18th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Compass Minerals International from $73.00 to $55.00 in a report on Monday, May 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $58.83.

Compass Minerals International Company Profile (Get Rating)

Compass Minerals International, Inc, produces and sells essential minerals primarily in the United States, Canada, Brazil, the United Kingdom, and internationally. It operates through 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.

Further Reading

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

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