Kennedy Capital Management Inc. cut its holdings in shares of Compass Minerals International, Inc. (NYSE:CMP) by 2.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,025 shares of the basic materials company’s stock after selling 946 shares during the period. Kennedy Capital Management Inc. owned about 0.11% of Compass Minerals International worth $2,483,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of CMP. BlackRock Inc. increased its stake in Compass Minerals International by 5,576.2% during the first quarter. BlackRock Inc. now owns 2,875,727 shares of the basic materials company’s stock worth $195,118,000 after purchasing an additional 2,825,064 shares during the period. Morningstar Investment Services LLC increased its stake in shares of Compass Minerals International by 28.3% during the second quarter. Morningstar Investment Services LLC now owns 1,065,984 shares of the basic materials company’s stock worth $69,609,000 after buying an additional 235,138 shares during the period. Cove Street Capital LLC increased its stake in shares of Compass Minerals International by 59.9% during the first quarter. Cove Street Capital LLC now owns 477,709 shares of the basic materials company’s stock worth $32,412,000 after buying an additional 178,934 shares during the period. Nuance Investments LLC increased its stake in shares of Compass Minerals International by 42.4% during the second quarter. Nuance Investments LLC now owns 484,532 shares of the basic materials company’s stock worth $31,640,000 after buying an additional 144,173 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of Compass Minerals International by 86.1% during the second quarter. First Trust Advisors LP now owns 266,374 shares of the basic materials company’s stock worth $17,394,000 after buying an additional 123,219 shares during the period.

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A number of research firms recently weighed in on CMP. BidaskClub lowered shares of Compass Minerals International from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Credit Suisse Group set a $63.00 target price on shares of Compass Minerals International and gave the stock a “hold” rating in a research note on Wednesday, August 9th. Finally, Zacks Investment Research lowered shares of Compass Minerals International from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The stock has an average rating of “Hold” and a consensus target price of $73.50.

Shares of Compass Minerals International, Inc. (NYSE CMP) opened at 70.60 on Tuesday. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 19.73 and a beta of 0.46. Compass Minerals International, Inc. has a 1-year low of $62.70 and a 1-year high of $84.40. The company’s 50 day moving average is $67.02 and its 200-day moving average is $67.18.

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

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a dividend of $0.72 per share. The ex-dividend date was Wednesday, August 30th. This represents a $2.88 annualized dividend and a dividend yield of 4.08%. Compass Minerals International’s payout ratio is currently 80.45%.

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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