Bank of Montreal Can lessened its holdings in shares of Compass Minerals International, Inc. (NYSE:CMP) by 29.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,020 shares of the basic materials company’s stock after selling 7,115 shares during the quarter. Bank of Montreal Can owned about 0.05% of Compass Minerals International worth $1,143,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CMP. Advisors Asset Management Inc. bought a new stake in Compass Minerals International in the 2nd quarter worth approximately $21,842,000. BlackRock Inc. increased its stake in Compass Minerals International by 5.3% in the 2nd quarter. BlackRock Inc. now owns 3,821,772 shares of the basic materials company’s stock worth $251,282,000 after acquiring an additional 192,308 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Compass Minerals International by 51.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 392,460 shares of the basic materials company’s stock worth $25,801,000 after acquiring an additional 133,001 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in Compass Minerals International in the 2nd quarter worth approximately $7,359,000. Finally, Wells Fargo & Company MN increased its stake in Compass Minerals International by 6.6% in the 2nd quarter. Wells Fargo & Company MN now owns 614,820 shares of the basic materials company’s stock worth $40,424,000 after acquiring an additional 38,024 shares during the last quarter. 96.36% of the stock is currently owned by institutional investors.

A number of analysts have issued reports on the company. Monness Crespi & Hardt reduced their price objective on Compass Minerals International from $76.00 to $63.00 and set a “buy” rating on the stock in a research note on Friday, November 2nd. BMO Capital Markets reduced their price objective on Compass Minerals International from $65.00 to $60.00 and set a “market perform” rating on the stock in a research note on Friday, November 2nd. Zacks Investment Research downgraded Compass Minerals International from a “hold” rating to a “sell” rating in a research note on Tuesday, October 9th. Credit Suisse Group set a $49.00 price objective on Compass Minerals International and gave the stock a “sell” rating in a research note on Friday, November 2nd. Finally, ValuEngine raised Compass Minerals International from a “sell” rating to a “hold” rating in a research note on Wednesday, September 19th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $65.00.

Shares of Compass Minerals International stock opened at $49.99 on Wednesday. The company has a market capitalization of $1.75 billion, a PE ratio of 18.18 and a beta of 1.05. The company has a debt-to-equity ratio of 2.47, a current ratio of 2.55 and a quick ratio of 1.32. Compass Minerals International, Inc. has a one year low of $45.25 and a one year high of $76.65.

Compass Minerals International (NYSE:CMP) last announced its earnings results on Wednesday, October 31st. The basic materials company reported $0.37 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.03). The company had revenue of $322.50 million during the quarter, compared to analysts’ expectations of $316.49 million. Compass Minerals International had a return on equity of 12.10% and a net margin of 0.91%. Compass Minerals International’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.65 EPS. As a group, research analysts forecast that Compass Minerals International, Inc. will post 2.28 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 5.76%. The ex-dividend date of this dividend is Friday, November 30th. Compass Minerals International’s dividend payout ratio (DPR) is 104.73%.

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Compass Minerals International Profile

Compass Minerals International, Inc, produces and sells salt, and specialty plant nutrition and chemical products primarily in the United States, Canada, Brazil, and the United Kingdom. It operates in three segments: Salt, Plant Nutrition North America, and Plant Nutrition South America. The Salt segment offers sodium chloride and magnesium chloride, including rock salt, mechanically and solar evaporated salt, and brine and flake magnesium chloride products; and purchases potassium chloride and calcium chloride to sell as finished products or to blend with salt to produce specialty products.

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

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