Comerica Bank boosted its position in Compass Minerals International, Inc. (NYSE:CMP) by 10.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 95,445 shares of the basic materials company’s stock after purchasing an additional 8,766 shares during the quarter. Comerica Bank owned about 0.28% of Compass Minerals International worth $7,125,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Compass Minerals International by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 3,040,104 shares of the basic materials company’s stock valued at $198,519,000 after purchasing an additional 41,002 shares during the last quarter. State Street Corp grew 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 valued at $105,474,000 after buying an additional 305,111 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Compass Minerals International by 32.2% in the 3rd quarter. Janus Henderson Group PLC now owns 1,486,825 shares of the basic materials company’s stock valued at $96,495,000 after buying an additional 361,985 shares in the last quarter. River Road Asset Management LLC grew its holdings in Compass Minerals International by 19.6% in the 3rd quarter. River Road Asset Management LLC now owns 871,528 shares of the basic materials company’s stock valued at $56,562,000 after buying an additional 142,884 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Compass Minerals International by 3.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 871,464 shares of the basic materials company’s stock valued at $56,557,000 after buying an additional 25,177 shares in the last quarter.
Several analysts have issued reports on CMP shares. TheStreet upgraded Compass Minerals International from a “c+” rating to a “b” rating in a report on Thursday, November 30th. Stifel Nicolaus dropped their target price on Compass Minerals International from $85.00 to $79.00 and set a “buy” rating for the company in a report on Friday. Zacks Investment Research upgraded Compass Minerals International from a “sell” rating to a “hold” rating in a report on Monday, February 5th. BMO Capital Markets dropped their target price on Compass Minerals International from $75.00 to $70.00 and set a “market perform” rating for the company in a report on Thursday. Finally, Credit Suisse Group reiterated an “underperform” rating on shares of Compass Minerals International in a report on Thursday. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Compass Minerals International currently has a consensus rating of “Hold” and a consensus price target of $71.00.
Compass Minerals International (NYSE:CMP) last released its quarterly earnings results on Tuesday, February 13th. The basic materials company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.29. Compass Minerals International had a return on equity of 13.02% and a net margin of 3.13%. The business had revenue of $457.90 million during the quarter, compared to analysts’ expectations of $468.52 million. analysts expect that Compass Minerals International, Inc. will post 3.2 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date is Wednesday, February 28th. Compass Minerals International’s dividend payout ratio (DPR) is 230.40%.
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Compass Minerals International Company 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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