Massmutual Trust Co. FSB ADV boosted its holdings in shares of Compass Minerals International, Inc. (NYSE:CMP) by 4.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,387 shares of the basic materials company’s stock after acquiring an additional 1,247 shares during the quarter. Massmutual Trust Co. FSB ADV owned about 0.09% of Compass Minerals International worth $1,832,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of CMP. SG Americas Securities LLC acquired a new stake in Compass Minerals International during the fourth quarter worth $459,000. US Bancorp DE increased its stake in Compass Minerals International by 5.9% during the fourth quarter. US Bancorp DE now owns 17,003 shares of the basic materials company’s stock worth $1,229,000 after acquiring an additional 942 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in Compass Minerals International during the fourth quarter worth $218,000. ING Groep NV increased its stake in Compass Minerals International by 23.2% during the fourth quarter. ING Groep NV now owns 5,104 shares of the basic materials company’s stock worth $369,000 after acquiring an additional 962 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in Compass Minerals International during the fourth quarter worth $842,000.
Several equities research analysts have issued reports on CMP shares. ValuEngine raised Compass Minerals International from a “sell” rating to a “hold” rating in a research note on Tuesday, April 17th. Zacks Investment Research lowered Compass Minerals International from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 21st. Finally, Stephens assumed coverage on Compass Minerals International in a research report on Monday, April 2nd. They set an “overweight” rating and a $74.00 price target for the company. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $71.50.
Compass Minerals International opened at $65.55 on Wednesday, according to Marketbeat Ratings. The company has a quick ratio of 1.51, a current ratio of 2.38 and a debt-to-equity ratio of 1.82. The firm has a market cap of $2.29 billion, a PE ratio of 23.84 and a beta of 0.60. Compass Minerals International, Inc. has a 52 week low of $56.50 and a 52 week high of $76.65.
Compass Minerals International (NYSE:CMP) last issued its quarterly earnings results on Tuesday, May 1st. The basic materials company reported $0.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.28). The company had revenue of $437.90 million during the quarter, compared to analysts’ expectations of $431.82 million. Compass Minerals International had a return on equity of 12.03% and a net margin of 2.39%. Compass Minerals International’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period last year, the firm posted $0.63 earnings per share. equities research analysts predict that Compass Minerals International, Inc. will post 2.92 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 15th. Investors of record on Friday, June 1st were issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date of this dividend was Thursday, May 31st. Compass Minerals International’s dividend payout ratio (DPR) is currently 104.73%.
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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