Compass Minerals International, Inc. (CMP) Shares Bought by ProVise Management Group LLC

ProVise Management Group LLC raised its position in Compass Minerals International, Inc. (NYSE:CMP) by 12.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 71,693 shares of the basic materials company’s stock after buying an additional 7,994 shares during the period. ProVise Management Group LLC owned about 0.21% of Compass Minerals International worth $4,652,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of CMP. Janus Henderson Group PLC acquired a new stake in Compass Minerals International in the 2nd quarter worth about $73,452,000. BlackRock Inc. boosted its holdings in Compass Minerals International by 22.8% in the 2nd quarter. BlackRock Inc. now owns 3,532,489 shares of the basic materials company’s stock worth $230,671,000 after buying an additional 656,762 shares during the last quarter. State Street Corp boosted its holdings in Compass Minerals International by 23.3% in the 2nd quarter. State Street Corp now owns 1,615,191 shares of the basic materials company’s stock worth $105,474,000 after buying an additional 305,111 shares during the last quarter. Morningstar Investment Services LLC boosted its holdings in Compass Minerals International by 28.3% in the 2nd quarter. Morningstar Investment Services LLC now owns 1,065,984 shares of the basic materials company’s stock worth $69,609,000 after buying an additional 235,138 shares during the last quarter. Finally, Nuance Investments LLC boosted its holdings in Compass Minerals International by 42.4% in the 2nd quarter. Nuance Investments LLC now owns 484,532 shares of the basic materials company’s stock worth $31,640,000 after buying an additional 144,173 shares during the last quarter.

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Compass Minerals International, Inc. (NYSE CMP) traded up $0.90 on Tuesday, reaching $65.60. 232,700 shares of the company’s stock were exchanged, compared to its average volume of 400,074. The company has a debt-to-equity ratio of 1.70, a current ratio of 2.52 and a quick ratio of 1.18. Compass Minerals International, Inc. has a twelve month low of $59.72 and a twelve month high of $84.40. The stock has a market cap of $2,220.00, a price-to-earnings ratio of 26.52 and a beta of 0.49.

Compass Minerals International (NYSE:CMP) last released its earnings results on Monday, October 30th. The basic materials company reported $0.65 earnings per share for the quarter, missing the Zacks’ 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 during the quarter, compared to analysts’ expectations of $323.76 million. During the same period last year, the business earned $0.27 earnings per share. The company’s revenue for the quarter was up 61.9% compared to the same quarter last year. sell-side analysts forecast that Compass Minerals International, Inc. will post 2.62 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 4.39%. The ex-dividend date is Thursday, November 30th. Compass Minerals International’s payout ratio is presently 67.76%.

Several equities research analysts recently issued reports on CMP shares. Zacks Investment Research cut Compass Minerals International from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. BidaskClub cut Compass Minerals International from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Credit Suisse Group set a $63.00 price objective on Compass Minerals International and gave the stock a “hold” rating in a report on Wednesday, August 9th. Stifel Nicolaus reiterated a “buy” rating and issued a $84.00 price objective on shares of Compass Minerals International in a report on Thursday, September 21st. Finally, J P Morgan Chase & Co upgraded Compass Minerals International from a “neutral” rating to an “overweight” rating and set a $70.00 price objective on the stock in a report on Monday, September 25th. Two equities research 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 has an average rating of “Hold” and an average target price of $73.60.

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.

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

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