Morningstar Investment Services LLC boosted its position in shares of Compass Minerals International, Inc. (NYSE:CMP) by 28.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,065,984 shares of the basic materials company’s stock after buying an additional 235,138 shares during the period. Compass Minerals International makes up approximately 1.6% of Morningstar Investment Services LLC’s investment portfolio, making the stock its 14th largest position. Morningstar Investment Services LLC owned approximately 3.15% of Compass Minerals International worth $69,609,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC purchased a new stake in Compass Minerals International during the first quarter worth approximately $780,000. Cardinal Capital Management raised its stake in Compass Minerals International by 1.8% in the first quarter. Cardinal Capital Management now owns 10,732 shares of the basic materials company’s stock worth $728,000 after buying an additional 193 shares in the last quarter. Cubic Asset Management LLC raised its stake in Compass Minerals International by 56.1% in the first quarter. Cubic Asset Management LLC now owns 67,805 shares of the basic materials company’s stock worth $4,601,000 after buying an additional 24,365 shares in the last quarter. Glen Harbor Capital Management LLC raised its stake 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 worth $164,000 after buying an additional 510 shares in the last quarter. Finally, CAPROCK Group Inc. increased its position in shares of Compass Minerals International by 56.7% in the first quarter. CAPROCK Group Inc. now owns 6,290 shares of the basic materials company’s stock worth $427,000 after buying an additional 2,275 shares during the last quarter.

Compass Minerals International, Inc. (NYSE CMP) opened at 63.95 on Monday. The firm’s 50-day moving average is $66.88 and its 200-day moving average is $69.59. The stock has a market capitalization of $2.16 billion, a P/E ratio of 17.87 and a beta of 0.45. Compass Minerals International, Inc. has a 12 month low of $62.70 and a 12 month high of $84.40.

Compass Minerals International (NYSE:CMP) last posted its earnings results on Monday, August 7th. The basic materials company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by $0.12. Compass Minerals International had a net margin of 9.83% and a return on equity of 10.01%. The company had revenue of $228 million during the quarter, compared to analysts’ expectations of $261.13 million. During the same quarter last year, the firm earned $0.18 EPS. Compass Minerals International’s revenue for the quarter was up 34.5% on a year-over-year basis. On average, equities analysts expect that Compass Minerals International, Inc. will post $3.06 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a $0.72 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $2.88 annualized dividend and a yield of 4.50%. Compass Minerals International’s dividend payout ratio (DPR) is presently 80.45%.

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A number of brokerages have issued reports on CMP. Zacks Investment Research downgraded shares of Compass Minerals International from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. BidaskClub raised shares of Compass Minerals International from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Credit Suisse Group set a $63.00 price objective on shares of Compass Minerals International and gave the company a “hold” rating in a research report on Wednesday, August 9th. Finally, BMO Capital Markets reissued a “hold” rating and set a $75.00 price objective on shares of Compass Minerals International in a research report on Monday, May 15th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target 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.

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

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