Stock Traders Buy Large Volume of Compass Minerals International Put Options (CMP)
Compass Minerals International, Inc. (NYSE:CMP) was the target of unusually large options trading on Monday. Stock investors acquired 3,051 put options on the company. This represents an increase of approximately 1,096% compared to the typical daily volume of 255 put options.
A number of hedge funds and other institutional investors have recently modified their holdings of CMP. OppenheimerFunds Inc. boosted its position in Compass Minerals International by 28.6% in the fourth quarter. OppenheimerFunds Inc. now owns 1,912,663 shares of the basic materials company’s stock valued at $138,190,000 after buying an additional 425,753 shares during the last quarter. Janus Henderson Group PLC boosted its position in Compass Minerals International by 32.2% in the third 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 during the last quarter. State Street Corp boosted its position in Compass Minerals International by 23.3% in the second 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 during the last quarter. River Road Asset Management LLC boosted its position in Compass Minerals International by 19.6% in the third 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 during the last quarter. Finally, Deprince Race & Zollo Inc. boosted its position in Compass Minerals International by 19.4% in the third quarter. Deprince Race & Zollo Inc. now owns 692,832 shares of the basic materials company’s stock valued at $44,965,000 after buying an additional 112,783 shares during the last quarter.
A number of equities research analysts have recently weighed in on CMP shares. TheStreet upgraded Compass Minerals International from a “c+” rating to a “b” rating in a research note on Thursday, November 30th. Zacks Investment Research upgraded Compass Minerals International from a “sell” rating to a “hold” rating in a research note on Monday, February 5th. Finally, Stifel Nicolaus restated a “buy” rating and set a $84.00 price target on shares of Compass Minerals International in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Compass Minerals International presently has a consensus rating of “Hold” and a consensus target price of $73.60.
Compass Minerals International (NYSE:CMP) last issued its earnings results on Tuesday, February 13th. The basic materials company reported $1.66 EPS for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.29. The firm had revenue of $457.90 million for the quarter, compared to analyst estimates of $468.52 million. Compass Minerals International had a return on equity of 11.52% and a net margin of 10.72%. sell-side analysts anticipate that Compass Minerals International will post 2.56 earnings per share for the current 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 given a $0.72 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $2.88 dividend on an annualized basis and a yield of 4.25%. Compass Minerals International’s dividend payout ratio is currently 67.76%.
About Compass Minerals International
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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