Shares of Compass Minerals International Inc. (NYSE:CMP) were down 2.3% during mid-day trading on Thursday . The stock traded as low as $72.14 and last traded at $72.64, with a volume of 517,914 shares. The stock had previously closed at $74.37.

Several analysts have issued reports on CMP shares. BB&T Corp. downgraded Compass Minerals International from a “buy” rating to a “hold” rating in a report on Wednesday, March 30th. Goldman Sachs Group Inc. cut their price objective on Compass Minerals International from $60.00 to $57.00 in a report on Tuesday, April 12th. JPMorgan Chase & Co. cut their price objective on Compass Minerals International from $70.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, April 12th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $98.00 target price on shares of Compass Minerals International in a research note on Sunday, June 5th. Finally, KeyCorp cut Compass Minerals International from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, June 15th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. Compass Minerals International currently has a consensus rating of “Hold” and a consensus target price of $74.29.

The company’s 50 day moving average is $77.56 and its 200 day moving average is $73.78. The stock has a market capitalization of $2.46 billion and a price-to-earnings ratio of 16.72.

Compass Minerals International (NYSE:CMP) last released its earnings results on Monday, April 25th. The company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.13. The company earned $345.70 million during the quarter, compared to analyst estimates of $347.69 million. During the same period in the previous year, the company posted $1.79 EPS. The company’s quarterly revenue was down 12.0% compared to the same quarter last year. Equities analysts expect that Compass Minerals International Inc. will post $3.44 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 1st were paid a $0.695 dividend. This represents a $2.78 annualized dividend and a yield of 3.81%. The ex-dividend date was Friday, May 27th.

A number of institutional investors recently added to or reduced their stakes in the stock. Aberdeen Asset Management PLC UK raised its position in Compass Minerals International by 102.8% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 293,000 shares of the company’s stock valued at $24,500,000 after buying an additional 148,500 shares during the last quarter. Victory Capital Management Inc. raised its position in Compass Minerals International by 17.4% in the fourth quarter. Victory Capital Management Inc. now owns 583,725 shares of the company’s stock valued at $43,937,000 after buying an additional 86,642 shares during the last quarter. Comerica Bank raised its position in Compass Minerals International by 12.6% in the fourth quarter. Comerica Bank now owns 68,816 shares of the company’s stock valued at $4,852,000 after buying an additional 7,695 shares during the last quarter. California State Teachers Retirement System raised its position in Compass Minerals International by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 62,406 shares of the company’s stock valued at $4,697,000 after buying an additional 1,021 shares during the last quarter. Finally, Norinchukin Bank The raised its position in Compass Minerals International by 25.8% in the fourth quarter. Norinchukin Bank The now owns 64,009 shares of the company’s stock valued at $4,818,000 after buying an additional 13,109 shares during the last quarter.

Compass Minerals International, Inc (CMP) is a holding company. The Company is a producer and marketer of essential minerals, including salt, sulfate of potash specialty fertilizer (SOP), and magnesium chloride. The Company operates through two segments: salt and plant nutrition. The salt segment produces and markets salt and magnesium chloride for use in road deicing and dust control, food processing, water softeners, and agricultural and industrial applications.

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