Alliancebernstein L.P. grew its stake in shares of Compass Minerals International, Inc. (NYSE:CMP) by 121.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 57,291 shares of the basic materials company’s stock after buying an additional 31,373 shares during the quarter. Alliancebernstein L.P. owned 0.17% of Compass Minerals International worth $3,741,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Compass Minerals International by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 2,999,102 shares of the basic materials company’s stock valued at $203,488,000 after buying an additional 56,469 shares in the last quarter. BlackRock Inc. raised its position in shares of Compass Minerals International by 5,576.2% during the 1st quarter. BlackRock Inc. now owns 2,875,727 shares of the basic materials company’s stock valued at $195,118,000 after buying an additional 2,825,064 shares in the last quarter. Morningstar Investment Services LLC raised its position in shares of Compass Minerals International by 28.3% during 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 buying an additional 235,138 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Compass Minerals International by 3.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 849,679 shares of the basic materials company’s stock valued at $57,651,000 after buying an additional 25,692 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Compass Minerals International by 4.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 691,235 shares of the basic materials company’s stock valued at $45,138,000 after buying an additional 27,176 shares in the last quarter.

Several analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Compass Minerals International from a “hold” rating to a “sell” rating in a research report on Thursday. Monness Crespi & Hardt raised shares of Compass Minerals International from a “neutral” rating to a “buy” rating and set a $76.00 target price on the stock in a report on Monday, October 2nd. J P Morgan Chase & Co raised shares of Compass Minerals International from a “neutral” rating to an “overweight” rating and set a $70.00 target price on the stock in a report on Monday, September 25th. Stifel Nicolaus reaffirmed a “buy” rating and set a $84.00 target price on shares of Compass Minerals International in a report on Thursday, September 21st. Finally, BidaskClub raised shares of Compass Minerals International from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 23rd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Compass Minerals International has an average rating of “Hold” and an average target price of $73.60.

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Shares of Compass Minerals International, Inc. (NYSE:CMP) opened at 66.30 on Friday. The firm has a 50-day moving average of $66.83 and a 200-day moving average of $66.71. Compass Minerals International, Inc. has a one year low of $59.72 and a one year high of $84.40. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 18.52 and a beta of 0.44.

Compass Minerals International (NYSE:CMP) last announced its 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 firm had revenue of $228.00 million during the quarter, compared to analysts’ expectations of $261.13 million. During the same period in the prior year, the company posted $0.18 EPS. The company’s revenue was up 34.5% compared to the same quarter last year. Equities research analysts forecast that Compass Minerals International, Inc. will post $2.62 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were paid a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 4.34%. The ex-dividend date was Wednesday, August 30th. Compass Minerals International’s dividend payout ratio is currently 80.45%.

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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