South Dakota Investment Council Has $2.01 Million Position in Compass Minerals International, Inc. (CMP)
South Dakota Investment Council increased its stake in shares of Compass Minerals International, Inc. (NYSE:CMP) by 93.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,800 shares of the basic materials company’s stock after acquiring an additional 14,900 shares during the period. South Dakota Investment Council owned about 0.09% of Compass Minerals International worth $2,011,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bernzott Capital Advisors raised its stake in Compass Minerals International by 19.8% in the first quarter. Bernzott Capital Advisors now owns 206,901 shares of the basic materials company’s stock valued at $14,038,000 after buying an additional 34,170 shares during the period. Viking Fund Management LLC raised its stake in Compass Minerals International by 45.0% in the second quarter. Viking Fund Management LLC now owns 29,000 shares of the basic materials company’s stock valued at $1,894,000 after buying an additional 9,000 shares during the period. Capstone Asset Management Co. raised its stake 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 during the period. CFO4Life Group LLC bought a new stake in Compass Minerals International in the first quarter valued at approximately $203,000. Finally, CGOV Asset Management raised its stake 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 during the period.
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Compass Minerals International, Inc. (NYSE:CMP) opened at 68.30 on Tuesday. The firm has a market cap of $2.31 billion, a P/E ratio of 19.08 and a beta of 0.46. Compass Minerals International, Inc. has a 52-week low of $62.70 and a 52-week high of $84.40. The stock has a 50 day moving average price of $66.88 and a 200 day moving average price of $67.37.
Compass Minerals International (NYSE:CMP) last posted its quarterly earnings results on Monday, August 7th. The basic materials company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.12. The company had revenue of $228 million during the quarter, compared to the consensus estimate of $261.13 million. Compass Minerals International had a return on equity of 10.01% and a net margin of 9.83%. The company’s revenue for the quarter was up 34.5% compared to the same quarter last year. During the same period last year, the firm posted $0.18 EPS. Equities analysts predict that Compass Minerals International, Inc. will post $3.02 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a $0.72 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 4.22%. Compass Minerals International’s dividend payout ratio (DPR) is presently 80.45%.
CMP has been the topic of several research analyst reports. Zacks Investment Research upgraded Compass Minerals International from a “sell” rating to a “hold” rating in a research note on Tuesday, May 16th. BMO Capital Markets restated a “hold” rating and issued a $75.00 price objective on shares of Compass Minerals International in a research note on Monday, May 15th. BidaskClub upgraded Compass Minerals International from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Credit Suisse Group set a $63.00 price objective on Compass Minerals International and gave the company a “hold” rating in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Compass Minerals International presently has a consensus rating of “Hold” and an average target price 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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