Bislett Management LLC lowered its stake in Compass Minerals International, Inc. (NYSE:CMP) by 37.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 39,630 shares of the basic materials company’s stock after selling 24,121 shares during the quarter. Compass Minerals International comprises approximately 1.6% of Bislett Management LLC’s holdings, making the stock its 18th largest holding. Bislett Management LLC owned 0.12% of Compass Minerals International worth $2,588,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of CMP. BlackRock Inc. lifted its stake in shares of Compass Minerals International by 5,576.2% in the 1st quarter. BlackRock Inc. now owns 2,875,727 shares of the basic materials company’s stock valued at $195,118,000 after purchasing an additional 2,825,064 shares during the period. Morningstar Investment Services LLC lifted its stake in shares of Compass Minerals International by 28.3% in the 2nd quarter. Morningstar Investment Services LLC now owns 1,065,984 shares of the basic materials company’s stock valued at $69,609,000 after purchasing an additional 235,138 shares during the period. Cove Street Capital LLC lifted its stake in shares of Compass Minerals International by 59.9% in the 1st quarter. Cove Street Capital LLC now owns 477,709 shares of the basic materials company’s stock valued at $32,412,000 after purchasing an additional 178,934 shares during the period. Nuance Investments LLC lifted its stake in shares of Compass Minerals International by 42.4% in the 2nd quarter. Nuance Investments LLC now owns 484,532 shares of the basic materials company’s stock valued at $31,640,000 after purchasing an additional 144,173 shares during the period. Finally, First Trust Advisors LP lifted its stake in shares of Compass Minerals International by 86.1% in the 2nd quarter. First Trust Advisors LP now owns 266,374 shares of the basic materials company’s stock valued at $17,394,000 after purchasing an additional 123,219 shares during the period.

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Compass Minerals International, Inc. (NYSE:CMP) traded down 0.29% on Wednesday, hitting $69.50. The stock had a trading volume of 29,834 shares. Compass Minerals International, Inc. has a 1-year low of $62.70 and a 1-year high of $84.40. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 19.42 and a beta of 0.46. The company’s 50 day moving average is $66.92 and its 200-day moving average is $67.38.

Compass Minerals International (NYSE:CMP) last issued its quarterly earnings data on Monday, August 7th. The basic materials company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.12). Compass Minerals International had a return on equity of 10.01% and a net margin of 9.83%. The business had revenue of $228.00 million during the quarter, compared to the consensus estimate of $261.13 million. During the same period in the prior year, the firm earned $0.18 EPS. The business’s revenue for the quarter was up 34.5% compared to the same quarter last year. On average, analysts forecast that Compass Minerals International, Inc. will post $3.02 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors 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 dividend yield of 4.13%. Compass Minerals International’s dividend payout ratio is 80.45%.

A number of research analysts have recently weighed in on the company. Zacks Investment Research downgraded Compass Minerals International from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. BidaskClub raised 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 target 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 given a hold rating to the stock. The company has an average 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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Institutional Ownership by Quarter for Compass Minerals International (NYSE:CMP)

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