Cambridge Investment Research Advisors Inc. boosted its position in shares of Compass Minerals International, Inc. (NYSE:CMP) by 50.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,449 shares of the basic materials company’s stock after buying an additional 13,490 shares during the period. Cambridge Investment Research Advisors Inc. owned approximately 0.12% of Compass Minerals International worth $2,641,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Teachers Advisors LLC increased its position in shares of Compass Minerals International by 7.8% in the fourth quarter. Teachers Advisors LLC now owns 42,003 shares of the basic materials company’s stock valued at $3,291,000 after buying an additional 3,040 shares during the last quarter. Capstone Asset Management Co. increased its position in Compass Minerals International by 3.4% in the first quarter. Capstone Asset Management Co. now owns 3,026 shares of the basic materials company’s stock valued at $205,000 after buying an additional 100 shares in the last quarter. Louisiana State Employees Retirement System increased its position in Compass Minerals International by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 8,500 shares of the basic materials company’s stock valued at $577,000 after buying an additional 100 shares in the last quarter. CGOV Asset Management increased its position in Compass Minerals International by 40.0% in the first quarter. CGOV Asset Management now owns 7,000 shares of the basic materials company’s stock valued at $633,000 after buying an additional 2,000 shares in the last quarter. Finally, Glen Harbor Capital Management LLC increased its position in Compass Minerals International by 26.8% in the first quarter. Glen Harbor Capital Management LLC now owns 2,414 shares of the basic materials company’s stock valued at $164,000 after buying an additional 510 shares in the last quarter.

Compass Minerals International, Inc. (NYSE:CMP) opened at 66.35 on Thursday. The firm’s 50-day moving average price is $66.71 and its 200 day moving average price is $68.36. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 18.54 and a beta of 0.45. Compass Minerals International, Inc. has a 52-week low of $62.70 and a 52-week high of $84.40.

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. Compass Minerals International had a return on equity of 10.01% and a net margin of 9.83%. The firm had revenue of $228 million for the quarter, compared to analyst estimates of $261.13 million. The firm’s quarterly revenue was up 34.5% compared to the same quarter last year. During the same period last year, the business earned $0.18 earnings per share. On average, equities research analysts forecast that Compass Minerals International, Inc. will post $3.02 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 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 4.34%. The ex-dividend date of this dividend is Wednesday, August 30th. Compass Minerals International’s payout ratio is 80.45%.

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

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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Institutional Ownership by Quarter for Compass Minerals International (NYSE:CMP)

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