Compass Minerals International, Inc. (CMP) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its position in Compass Minerals International, Inc. (NYSE:CMP) by 1.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 680,659 shares of the basic materials company’s stock after selling 10,576 shares during the quarter. Bank of New York Mellon Corp owned about 2.01% of Compass Minerals International worth $44,174,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bruderman Asset Management LLC purchased a new stake in shares of Compass Minerals International during the second quarter valued at $146,000. IFP Advisors Inc lifted its holdings in shares of Compass Minerals International by 93.6% during 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 last quarter. LS Investment Advisors LLC raised its position in Compass Minerals International by 20.3% during the second quarter. LS Investment Advisors LLC now owns 2,786 shares of the basic materials company’s stock valued at $182,000 after buying an additional 470 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in Compass Minerals International during the second quarter valued at $206,000. Finally, Legg Mason Asset Management Japan Co. Ltd. acquired a new position in Compass Minerals International during the second quarter valued at $229,000.

Several research analysts recently weighed in on CMP shares. Zacks Investment Research lowered Compass Minerals International from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. BidaskClub raised Compass Minerals International from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 23rd. Monness Crespi & Hardt raised Compass Minerals International from a “neutral” rating to a “buy” rating and set a $76.00 target price on the stock in a research report on Monday, October 2nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $84.00 target price on shares of Compass Minerals International in a research report on Thursday, September 21st. Finally, J P Morgan Chase & Co raised 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 research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $73.60.

Shares of Compass Minerals International, Inc. (NYSE CMP) traded down $0.45 during trading hours on Wednesday, reaching $68.30. The company had a trading volume of 210,600 shares, compared to its average volume of 394,281. Compass Minerals International, Inc. has a 1 year low of $59.72 and a 1 year high of $84.40. The company has a market cap of $2,325.64, a P/E ratio of 28.18 and a beta of 0.51. 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 (NYSE:CMP) last announced its quarterly earnings data on Monday, October 30th. The basic materials company reported $0.65 EPS 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 firm had revenue of $290.70 million during the quarter, compared to the consensus estimate of $323.76 million. During the same quarter in the prior year, the business posted $0.27 EPS. Compass Minerals International’s revenue was up 61.9% compared to the same quarter last year. research analysts predict that Compass Minerals International, Inc. will post 2.62 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.72 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 4.22%. Compass Minerals International’s dividend payout ratio is currently 67.76%.

TRADEMARK VIOLATION NOTICE: “Compass Minerals International, Inc. (CMP) Shares Sold by Bank of New York Mellon Corp” was first reported by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this piece on another site, it was stolen and republished in violation of U.S. & international trademark and copyright law. The legal version of this piece can be viewed at https://sportsperspectives.com/2017/12/06/compass-minerals-international-inc-cmp-shares-sold-by-bank-of-new-york-mellon-corp.html.

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)

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

Latest News

Leave a Reply