Bbva Compass Bancshares Inc. cut its holdings in Compass Minerals International, Inc. (NYSE:CMP) by 14.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,552 shares of the basic materials company’s stock after selling 1,143 shares during the quarter. Bbva Compass Bancshares Inc.’s holdings in Compass Minerals International were worth $440,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. CWM LLC purchased a new stake in shares of Compass Minerals International in the second quarter valued at approximately $141,000. NEXT Financial Group Inc purchased a new stake in shares of Compass Minerals International during the third quarter worth approximately $171,000. Tower Research Capital LLC TRC increased its position in shares of Compass Minerals International by 80.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,981 shares of the basic materials company’s stock worth $196,000 after purchasing an additional 1,331 shares in the last quarter. Archford Capital Strategies LLC increased its position in shares of Compass Minerals International by 39.5% during the second quarter. Archford Capital Strategies LLC now owns 3,058 shares of the basic materials company’s stock worth $201,000 after purchasing an additional 866 shares in the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Compass Minerals International during the second quarter worth approximately $211,000. Institutional investors and hedge funds own 96.07% of the company’s stock.
Several analysts recently commented on CMP shares. ValuEngine cut Compass Minerals International from a “hold” rating to a “sell” rating in a research report on Tuesday, August 14th. BMO Capital Markets dropped their price target on Compass Minerals International from $70.00 to $65.00 and set a “market perform” rating for the company in a research report on Wednesday, October 24th. Credit Suisse Group set a $49.00 price target on Compass Minerals International and gave the stock a “sell” rating in a research report on Friday, November 2nd. Zacks Investment Research upgraded Compass Minerals International from a “sell” rating to a “hold” rating in a research report on Friday, October 26th. Finally, Monness Crespi & Hardt dropped their price target on Compass Minerals International from $76.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, November 2nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. Compass Minerals International presently has a consensus rating of “Hold” and a consensus target price of $65.00.
Compass Minerals International (NYSE:CMP) last issued its quarterly earnings results on Wednesday, October 31st. The basic materials company reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.03). Compass Minerals International had a return on equity of 12.10% and a net margin of 0.91%. The firm had revenue of $322.50 million for the quarter, compared to analysts’ expectations of $316.49 million. During the same quarter in the previous year, the firm posted $0.65 earnings per share. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, equities analysts predict that Compass Minerals International, Inc. will post 2.28 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 5.56%. The ex-dividend date is Friday, November 30th. Compass Minerals International’s dividend payout ratio (DPR) is currently 104.73%.
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About Compass Minerals International
Compass Minerals International, Inc, produces and sells salt, and specialty plant nutrition and chemical products primarily in the United States, Canada, Brazil, and the United Kingdom. It operates in 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.
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