Compass Minerals International, Inc. (NYSE:CMP – Get Rating) Director Joseph E. Reece acquired 5,000 shares of the stock in a transaction dated Thursday, June 16th. The shares were bought at an average cost of $33.41 per share, for a total transaction of $167,050.00. Following the completion of the transaction, the director now owns 11,000 shares in the company, valued at $367,510. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
NYSE CMP opened at $32.61 on Friday. The company has a debt-to-equity ratio of 3.22, a current ratio of 2.33 and a quick ratio of 1.39. The business’s 50 day moving average price is $50.78 and its 200-day moving average price is $54.06. Compass Minerals International, Inc. has a fifty-two week low of $31.85 and a fifty-two week high of $75.44.
Compass Minerals International (NYSE:CMP – Get Rating) last announced its quarterly earnings data on Thursday, May 5th. The basic materials company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.60). The business had revenue of $448.50 million during the quarter, compared to the consensus estimate of $422.32 million. Compass Minerals International had a negative net margin of 0.72% and a positive return on equity of 1.42%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same period last year, the company earned $0.95 EPS. On average, equities research analysts expect that Compass Minerals International, Inc. will post 0.25 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 20th. Shareholders of record on Friday, June 10th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.84%. The ex-dividend date is Thursday, June 9th. Compass Minerals International’s dividend payout ratio (DPR) is presently -193.54%.
A number of institutional investors have recently made changes to their positions in CMP. BlackRock Inc. grew its position in Compass Minerals International by 43.0% in the 1st quarter. BlackRock Inc. now owns 5,518,500 shares of the basic materials company’s stock valued at $346,506,000 after acquiring an additional 1,660,353 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in Compass Minerals International in the 4th quarter valued at $39,457,000. State Street Corp grew its position in Compass Minerals International by 38.9% in the 1st quarter. State Street Corp now owns 2,603,210 shares of the basic materials company’s stock valued at $163,456,000 after acquiring an additional 728,597 shares during the last quarter. Select Equity Group L.P. bought a new position in Compass Minerals International in the 4th quarter valued at $27,536,000. Finally, Segall Bryant & Hamill LLC lifted its holdings in shares of Compass Minerals International by 34.7% in the 4th quarter. Segall Bryant & Hamill LLC now owns 1,772,704 shares of the basic materials company’s stock worth $90,550,000 after buying an additional 456,247 shares during the period. 94.99% of the stock is currently owned by institutional investors.
A number of research firms recently commented on CMP. BMO Capital Markets boosted their price target on Compass Minerals International from $60.00 to $63.00 and gave the stock a “market perform” rating in a report on Monday, April 18th. Deutsche Bank Aktiengesellschaft lowered their price target on Compass Minerals International from $73.00 to $55.00 in a report on Monday, May 23rd. CL King lowered their price target on Compass Minerals International from $67.00 to $52.00 in a report on Wednesday, May 11th. TheStreet cut Compass Minerals International from a “c-” rating to a “d+” rating in a report on Wednesday, May 18th. Finally, StockNews.com started coverage on Compass Minerals International in a report on Thursday, March 31st. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Compass Minerals International has a consensus rating of “Hold” and an average target price of $58.83.
About Compass Minerals International (Get Rating)
Compass Minerals International, Inc, produces and sells essential minerals primarily in the United States, Canada, Brazil, the United Kingdom, and internationally. It operates through 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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