Beacon Financial Group grew its position in shares of Compass Minerals International, Inc. (NYSE:CMP) by 31.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 68,375 shares of the basic materials company’s stock after buying an additional 16,430 shares during the quarter. Beacon Financial Group’s holdings in Compass Minerals International were worth $2,813,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. NEXT Financial Group Inc purchased a new position in Compass Minerals International during the 3rd quarter worth $171,000. Tower Research Capital LLC TRC raised its position in Compass Minerals International by 80.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,981 shares of the basic materials company’s stock worth $196,000 after buying an additional 1,331 shares during the last quarter. Hsbc Holdings PLC purchased a new position in Compass Minerals International during the 3rd quarter worth $201,000. Laurel Wealth Advisors Inc. purchased a new position in Compass Minerals International during the 3rd quarter worth $201,000. Finally, Bell Rock Capital LLC purchased a new position in Compass Minerals International during the 3rd quarter worth $213,000. Institutional investors own 96.09% of the company’s stock.
A number of research firms have recently weighed in on CMP. Zacks Investment Research raised shares of Compass Minerals International from a “sell” rating to a “hold” rating in a research note on Friday, October 26th. ValuEngine cut shares of Compass Minerals International from a “hold” rating to a “sell” rating in a research note on Tuesday, October 23rd. Monness Crespi & Hardt lowered their price target on shares of Compass Minerals International from $76.00 to $63.00 and set a “buy” rating on the stock in a research note on Friday, November 2nd. BMO Capital Markets lowered their price target on shares of Compass Minerals International from $65.00 to $60.00 and set a “market perform” rating on the stock in a research note on Friday, November 2nd. Finally, Credit Suisse Group raised shares of Compass Minerals International from an “underperform” rating to a “neutral” rating and set a $49.00 price target on the stock in a research note on Tuesday, November 27th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $62.34.
Shares of NYSE:CMP traded up $0.63 on Wednesday, reaching $46.14. 13,208 shares of the company were exchanged, compared to its average volume of 555,284. The company has a quick ratio of 1.32, a current ratio of 2.55 and a debt-to-equity ratio of 2.47. Compass Minerals International, Inc. has a 1-year low of $38.19 and a 1-year high of $75.55. The stock has a market cap of $1.50 billion, a PE ratio of 16.74 and a beta of 1.15.
Compass Minerals International (NYSE:CMP) last posted its quarterly earnings results on Wednesday, October 31st. The basic materials company reported $0.37 earnings per share for the quarter, missing the Zacks’ 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 company had revenue of $322.50 million for the quarter, compared to analyst estimates of $316.49 million. During the same period last year, the company earned $0.65 earnings per share. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. Equities analysts anticipate that Compass Minerals International, Inc. will post 2.22 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, December 17th. Stockholders of record on Monday, December 3rd were paid a dividend of $0.72 per share. The ex-dividend date of this dividend was Friday, November 30th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 6.24%. Compass Minerals International’s dividend payout ratio (DPR) is presently 104.73%.
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Compass Minerals International Company Profile
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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