RS Investment Management Co. LLC increased its position in Compass Minerals International Inc. (NYSE:CMP) by 106.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 500,093 shares of the company’s stock after buying an additional 257,312 shares during the period. RS Investment Management Co. LLC’s holdings in Compass Minerals International were worth $37,102,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. IBM Retirement Fund boosted its position in Compass Minerals International by 0.9% in the second quarter. IBM Retirement Fund now owns 3,402 shares of the company’s stock worth $252,000 after buying an additional 32 shares in the last quarter. Capstone Asset Management Co. boosted its position in Compass Minerals International by 1.3% in the second quarter. Capstone Asset Management Co. now owns 3,096 shares of the company’s stock worth $230,000 after buying an additional 40 shares in the last quarter. Raymond James Trust N.A. boosted its position in Compass Minerals International by 2.6% in the second quarter. Raymond James Trust N.A. now owns 5,763 shares of the company’s stock worth $427,000 after buying an additional 145 shares in the last quarter. Aston Asset Management LLC boosted its stake in shares of Compass Minerals International by 0.7% in the first quarter. Aston Asset Management LLC now owns 22,112 shares of the company’s stock worth $1,567,000 after buying an additional 153 shares during the period. Finally, State of Alaska Department of Revenue boosted its stake in shares of Compass Minerals International by 3.1% in the second quarter. State of Alaska Department of Revenue now owns 5,691 shares of the company’s stock worth $421,000 after buying an additional 169 shares during the period. 97.03% of the stock is owned by institutional investors and hedge funds.

Compass Minerals International Inc. (NYSE:CMP) traded up 1.72% during midday trading on Thursday, reaching $74.06. 370,112 shares of the company were exchanged. The firm has a market capitalization of $2.50 billion, a PE ratio of 17.81 and a beta of 0.71. The company has a 50-day moving average of $72.57 and a 200 day moving average of $73.95. Compass Minerals International Inc. has a 52 week low of $66.30 and a 52 week high of $86.41.

Compass Minerals International (NYSE:CMP) last released its earnings results on Monday, July 25th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. Compass Minerals International had a net margin of 13.63% and a return on equity of 21.37%. The company had revenue of $169.50 million for the quarter, compared to analysts’ expectations of $177.56 million. During the same quarter last year, the business earned $0.39 EPS. The firm’s revenue was down 7.7% compared to the same quarter last year. Equities analysts predict that Compass Minerals International Inc. will post $2.79 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were given a dividend of $0.695 per share. This represents a $2.78 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend was Tuesday, August 30th. Compass Minerals International’s payout ratio is currently 66.83%.

A number of equities research analysts have recently issued reports on CMP shares. Stifel Nicolaus started coverage on shares of Compass Minerals International in a research note on Tuesday, July 12th. They issued a “buy” rating and a $90.00 price objective for the company. KeyCorp cut shares of Compass Minerals International from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, June 15th. Zacks Investment Research raised shares of Compass Minerals International from a “sell” rating to a “hold” rating in a research note on Tuesday, June 28th. TheStreet cut shares of Compass Minerals International from a “buy” rating to a “hold” rating in a research note on Monday, July 25th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued a $98.00 price objective on shares of Compass Minerals International in a research note on Sunday, June 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. Compass Minerals International presently has a consensus rating of “Hold” and an average target price of $76.25.

Compass Minerals International Company Profile

Compass Minerals International, Inc is a holding company. The Company, through its subsidiaries, is engaged in producing and marketing essential minerals, including salt, sulfate of potash (SOP) specialty fertilizer, magnesium chloride and micronutrients. It operates through two segments, which include salt and plant nutrition.

5 Day Chart for NYSE:CMP

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