ING Groep NV purchased a new position in Compass Minerals International, Inc. (NYSE:CMP) during the second quarter, Holdings Channel reports. The firm purchased 4,115 shares of the basic materials company’s stock, valued at approximately $269,000.

Other hedge funds have also modified their holdings of the company. Elkfork Partners LLC raised its stake in shares of Compass Minerals International by 26.8% in the first quarter. Elkfork Partners LLC now owns 1,562 shares of the basic materials company’s stock worth $106,000 after buying an additional 330 shares during the period. Meadow Creek Investment Management LLC raised its stake in shares of Compass Minerals International by 26.8% in the first quarter. Meadow Creek Investment Management LLC now owns 1,988 shares of the basic materials company’s stock worth $135,000 after buying an additional 420 shares during the period. Glen Harbor Capital Management LLC raised its stake in shares of Compass Minerals International by 26.8% in the first quarter. Glen Harbor Capital Management LLC now owns 2,414 shares of the basic materials company’s stock worth $164,000 after buying an additional 510 shares during the period. Archford Capital Strategies LLC raised its stake in shares of Compass Minerals International by 42.4% in the first quarter. Archford Capital Strategies LLC now owns 2,612 shares of the basic materials company’s stock worth $177,000 after buying an additional 778 shares during the period. Finally, NEXT Financial Group Inc raised its stake in shares of Compass Minerals International by 122.2% in the first quarter. NEXT Financial Group Inc now owns 2,666 shares of the basic materials company’s stock worth $176,000 after buying an additional 1,466 shares during the period.

Shares of Compass Minerals International, Inc. (NYSE:CMP) traded down 0.2780% during trading on Friday, hitting $63.5728. The stock had a trading volume of 213,383 shares. Compass Minerals International, Inc. has a one year low of $62.70 and a one year high of $84.40. The stock’s 50-day moving average price is $66.92 and its 200-day moving average price is $69.71. The company has a market cap of $2.15 billion, a P/E ratio of 17.7627 and a beta of 0.45.

Compass Minerals International (NYSE:CMP) last released its quarterly earnings data on Monday, August 7th. The basic materials company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.12. The firm had revenue of $228 million during the quarter, compared to analysts’ expectations of $261.13 million. Compass Minerals International had a return on equity of 10.01% and a net margin of 9.83%. The business’s revenue for the quarter was up 34.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.18 earnings per share. On average, equities research analysts forecast that Compass Minerals International, Inc. will post $3.06 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a $0.72 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 4.52%. Compass Minerals International’s dividend payout ratio (DPR) is 80.45%.

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A number of analysts have issued reports on the stock. BidaskClub lowered shares of Compass Minerals International from a “hold” rating to a “sell” rating in a research note on Wednesday. Credit Suisse Group set a $63.00 price target on shares of Compass Minerals International and gave the stock a “hold” rating in a research note on Wednesday. Zacks Investment Research lowered shares of Compass Minerals International from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, BMO Capital Markets reiterated a “hold” rating and set a $75.00 price target on shares of Compass Minerals International in a research note on Monday, May 15th. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Compass Minerals International presently has a consensus rating of “Hold” and an average price target of $73.50.

About Compass Minerals International

Compass Minerals International, Inc (CMI) is a provider of essential minerals that solve nature’s challenges, including salt for winter roadway safety and other consumer, industrial and agricultural uses; specialty plant nutrition minerals for the quality and yield of crops, and specialty chemicals for water treatment and other industrial processes.

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

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