River Road Asset Management LLC lowered its stake in shares of Compass Minerals International, Inc. (NYSE:CMP) by 2.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 728,644 shares of the basic materials company’s stock after selling 16,267 shares during the period. River Road Asset Management LLC owned about 2.15% of Compass Minerals International worth $47,580,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Elkfork Partners LLC raised its position in Compass Minerals International by 26.8% in the first quarter. Elkfork Partners LLC now owns 1,562 shares of the basic materials company’s stock valued at $106,000 after buying an additional 330 shares during the last quarter. Meadow Creek Investment Management LLC raised its position in Compass Minerals International by 26.8% in the first quarter. Meadow Creek Investment Management LLC now owns 1,988 shares of the basic materials company’s stock valued at $135,000 after buying an additional 420 shares during the last quarter. Glen Harbor Capital Management LLC raised 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 during the last quarter. NEXT Financial Group Inc raised its position in Compass Minerals International by 122.2% in the first quarter. NEXT Financial Group Inc now owns 2,666 shares of the basic materials company’s stock valued at $176,000 after buying an additional 1,466 shares during the last quarter. Finally, Archford Capital Strategies LLC raised its position in Compass Minerals International by 42.4% in the first quarter. Archford Capital Strategies LLC now owns 2,612 shares of the basic materials company’s stock valued at $177,000 after buying an additional 778 shares during the last quarter.

Compass Minerals International, Inc. (NYSE CMP) opened at 68.06 on Monday. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 19.02 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. The firm has a 50-day moving average price of $66.71 and a 200 day moving average price of $68.36.

Compass Minerals International (NYSE:CMP) last announced its quarterly earnings results on Monday, August 7th. The basic materials company reported ($0.19) earnings per share for the quarter, missing the Thomson Reuters’ 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 business had revenue of $228 million during the quarter, compared to the consensus estimate of $261.13 million. During the same period in the previous year, the business posted $0.18 EPS. Compass Minerals International’s revenue was up 34.5% compared to the same quarter last year. On average, equities analysts forecast that Compass Minerals International, Inc. will post $3.02 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a $0.72 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $2.88 annualized dividend and a yield of 4.26%. Compass Minerals International’s payout ratio is 80.45%.

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CMP has been the topic of several recent analyst reports. Zacks Investment Research raised Compass Minerals International from a “sell” rating to a “hold” rating in a research report on Tuesday, May 16th. BMO Capital Markets reissued a “hold” rating and set a $75.00 price target on shares of Compass Minerals International in a research report on Monday, May 15th. BidaskClub raised Compass Minerals International from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Credit Suisse Group set a $63.00 price target on Compass Minerals International and gave the company a “hold” rating in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $73.50.

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

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