Compass Minerals International (NYSE:CMP – Free Report) had its price objective trimmed by JPMorgan Chase & Co. from $24.00 to $21.00 in a research note released on Friday, Benzinga reports. The firm currently has a neutral rating on the basic materials company’s stock.
Several other equities analysts have also commented on the company. StockNews.com lowered Compass Minerals International from a hold rating to a sell rating in a research note on Friday, November 17th. Stifel Nicolaus reduced their target price on shares of Compass Minerals International from $75.00 to $60.00 and set a buy rating for the company in a report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Compass Minerals International currently has an average rating of Hold and a consensus price target of $46.20.
Compass Minerals International Stock Up 10.0 %
Compass Minerals International (NYSE:CMP – Get Free Report) last released its earnings results on Wednesday, February 7th. The basic materials company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.19). Compass Minerals International had a positive return on equity of 4.56% and a negative net margin of 4.97%. The business had revenue of $341.70 million during the quarter, compared to analysts’ expectations of $352.84 million. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. As a group, equities analysts predict that Compass Minerals International will post 0.8 EPS for the current fiscal year.
Compass Minerals International Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Monday, December 11th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, December 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.63%. Compass Minerals International’s payout ratio is -41.10%.
Insider Transactions at Compass Minerals International
In other news, Director Joseph E. Reece bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The shares were purchased at an average price of $21.24 per share, for a total transaction of $106,200.00. Following the completion of the transaction, the director now directly owns 16,000 shares in the company, valued at $339,840. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.52% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of CMP. BlackRock Inc. raised its stake in Compass Minerals International by 43.0% in the 1st quarter. BlackRock Inc. now owns 5,518,500 shares of the basic materials company’s stock valued at $346,506,000 after purchasing an additional 1,660,353 shares during the last quarter. State Street Corp boosted its holdings in shares of Compass Minerals International by 38.9% in the 1st quarter. State Street Corp now owns 2,603,210 shares of the basic materials company’s stock valued at $163,456,000 after buying an additional 728,597 shares in the last quarter. Ararat Capital Management LP acquired a new stake in Compass Minerals International during the 2nd quarter worth $21,890,000. Magnolia Group LLC boosted its stake in Compass Minerals International by 105.8% during the 4th quarter. Magnolia Group LLC now owns 849,490 shares of the basic materials company’s stock worth $21,509,000 after purchasing an additional 436,660 shares during the period. Finally, Vanguard Group Inc. raised its position in Compass Minerals International by 11.0% during the 1st quarter. Vanguard Group Inc. now owns 3,817,935 shares of the basic materials company’s stock worth $239,729,000 after buying an additional 379,107 shares during the last quarter. 92.79% of the stock is owned by institutional investors and hedge funds.
About Compass Minerals International
Compass Minerals International, Inc, provides essential minerals in the United States, Canada, the United Kingdom, and internationally. It operates through two segments, Salt and Plant Nutrition. The Salt segment produces, markets, and sells 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 sodium chloride to produce specialty products.
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