Oppenheimer & Co. Inc. Has $882,000 Position in Compass Minerals International, Inc. (CMP)

Oppenheimer & Co. Inc. boosted its position in shares of Compass Minerals International, Inc. (NYSE:CMP) by 1.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,502 shares of the basic materials company’s stock after purchasing an additional 163 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Compass Minerals International were worth $882,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CMP. BlackRock Inc. grew its holdings in Compass Minerals International by 5,576.2% during the first quarter. BlackRock Inc. now owns 2,875,727 shares of the basic materials company’s stock valued at $195,118,000 after purchasing an additional 2,825,064 shares during the period. Morningstar Investment Services LLC grew its holdings in Compass Minerals International by 28.3% during the second quarter. Morningstar Investment Services LLC now owns 1,065,984 shares of the basic materials company’s stock valued at $69,609,000 after purchasing an additional 235,138 shares during the period. Cove Street Capital LLC grew its holdings in Compass Minerals International by 59.9% during the first quarter. Cove Street Capital LLC now owns 477,709 shares of the basic materials company’s stock valued at $32,412,000 after purchasing an additional 178,934 shares during the period. Nuance Investments LLC grew its holdings in Compass Minerals International by 42.4% during the second quarter. Nuance Investments LLC now owns 484,532 shares of the basic materials company’s stock valued at $31,640,000 after purchasing an additional 144,173 shares during the period. Finally, First Trust Advisors LP grew its holdings in Compass Minerals International by 86.1% during the second quarter. First Trust Advisors LP now owns 266,374 shares of the basic materials company’s stock valued at $17,394,000 after purchasing an additional 123,219 shares during the period.

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Compass Minerals International, Inc. (NYSE:CMP) opened at 67.60 on Monday. Compass Minerals International, Inc. has a one year low of $62.70 and a one year high of $84.40. The company’s 50-day moving average is $66.93 and its 200-day moving average is $67.58. The firm has a market cap of $2.29 billion, a PE ratio of 18.89 and a beta of 0.46.

Compass Minerals International (NYSE:CMP) last released its earnings results on Monday, August 7th. The basic materials company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.12. The firm had revenue of $228 million for the quarter, compared to analyst estimates of $261.13 million. Compass Minerals International had a net margin of 9.83% and a return on equity of 10.01%. The business’s revenue for the quarter was up 34.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.18 EPS. On average, analysts forecast that Compass Minerals International, Inc. will post $3.02 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date is Wednesday, August 30th. Compass Minerals International’s dividend payout ratio is presently 80.45%.

A number of research analysts recently issued reports on CMP shares. BidaskClub upgraded shares of Compass Minerals International from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 23rd. BMO Capital Markets restated a “hold” rating and set a $75.00 price objective on shares of Compass Minerals International in a report on Monday, May 15th. Credit Suisse Group set a $63.00 price objective on shares of Compass Minerals International and gave the company a “hold” rating in a report on Wednesday, August 9th. Finally, Zacks Investment Research upgraded shares of Compass Minerals International from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. The stock has a consensus rating of “Hold” and an average target price of $73.50.

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)

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