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.
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%.
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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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