First Trust Advisors LP Has $13,415,000 Stake in Compass Minerals International Inc. (CMP)
First Trust Advisors LP raised its stake in shares of Compass Minerals International Inc. (NYSE:CMP) by 113.3% during the third quarter, Holdings Channel reports. The firm owned 182,028 shares of the company’s stock after buying an additional 96,697 shares during the period. First Trust Advisors LP’s holdings in Compass Minerals International were worth $13,415,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the stock. Americafirst Capital Management LLC purchased a new position in Compass Minerals International during the second quarter valued at about $108,000. Pacad Investment Ltd. bought a new stake in Compass Minerals International during the second quarter worth about $148,000. LS Investment Advisors LLC raised its stake in Compass Minerals International by 76.4% in the second quarter. LS Investment Advisors LLC now owns 2,050 shares of the company’s stock worth $152,000 after buying an additional 888 shares in the last quarter. Synovus Financial Corp bought a new stake in Compass Minerals International during the third quarter worth about $155,000. Finally, IFP Advisors Inc raised its stake in Compass Minerals International by 53.4% in the second quarter. IFP Advisors Inc now owns 2,494 shares of the company’s stock worth $185,000 after buying an additional 868 shares in the last quarter.
Compass Minerals International Inc. (NYSE:CMP) traded down 0.06% on Wednesday, reaching $77.95. The company had a trading volume of 54,823 shares. The firm has a market capitalization of $2.63 billion, a PE ratio of 21.43 and a beta of 0.49. Compass Minerals International Inc. has a 12 month low of $66.30 and a 12 month high of $85.20. The stock has a 50 day moving average of $73.93 and a 200 day moving average of $74.26.
Compass Minerals International (NYSE:CMP) last posted its quarterly earnings results on Monday, October 24th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.01. Compass Minerals International had a net margin of 12.55% and a return on equity of 18.34%. The firm had revenue of $179.60 million for the quarter, compared to analysts’ expectations of $207.25 million. During the same period last year, the firm posted $0.80 EPS. Compass Minerals International’s revenue was down 22.8% on a year-over-year basis. On average, analysts anticipate that Compass Minerals International Inc. will post $2.95 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be given a dividend of $0.695 per share. This represents a $2.78 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date is Tuesday, November 29th. Compass Minerals International’s dividend payout ratio (DPR) is presently 76.58%.
CMP has been the topic of a number of analyst reports. Zacks Investment Research raised Compass Minerals International from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research report on Tuesday, October 4th. Monness Crespi & Hardt set a $63.00 price target on Compass Minerals International and gave the company a “sell” rating in a research report on Wednesday, October 5th. Finally, TheStreet raised Compass Minerals International from a “hold” rating to a “buy” rating in a research report on Monday, November 21st. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $76.25.
About Compass Minerals International
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.
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