Wedbush Securities Inc. boosted its stake in Compass Minerals International, Inc. (NYSE:CMP) by 24.0% during the second quarter, Holdings Channel reports. The fund owned 6,033 shares of the basic materials company’s stock after buying an additional 1,168 shares during the period. Wedbush Securities Inc.’s holdings in Compass Minerals International were worth $394,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CMP. Elkfork Partners LLC boosted its position 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 last quarter. Meadow Creek Investment Management LLC boosted its position 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 last quarter. Glen Harbor Capital Management LLC boosted its position 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 last quarter. Archford Capital Strategies LLC boosted its position 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 last quarter. Finally, NEXT Financial Group Inc boosted its position 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 last quarter.

Compass Minerals International, Inc. (NYSE:CMP) opened at 64.20 on Thursday. The company has a 50 day moving average price of $66.73 and a 200-day moving average price of $69.10. Compass Minerals International, Inc. has a 12 month low of $62.70 and a 12 month high of $84.40. The company has a market cap of $2.17 billion, a PE ratio of 17.94 and a beta of 0.45.

Compass Minerals International (NYSE:CMP) last issued its quarterly earnings data on Monday, August 7th. The basic materials company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.12. The company had revenue of $228 million for 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% on a year-over-year basis. During the same period last year, the company posted $0.18 EPS. Equities analysts predict that Compass Minerals International, Inc. will post $3.02 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a $0.72 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $2.88 dividend on an annualized basis and a yield of 4.49%. Compass Minerals International’s dividend payout ratio is currently 80.45%.

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CMP has been the topic of a number of recent analyst reports. BMO Capital Markets restated a “hold” rating and issued a $75.00 price target on shares of Compass Minerals International in a research report on Monday, May 15th. Credit Suisse Group set a $63.00 price target on Compass Minerals International and gave the stock a “hold” rating in a research report on Wednesday, August 9th. BidaskClub upgraded Compass Minerals International from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Finally, Zacks Investment Research upgraded Compass Minerals International from a “sell” rating to a “hold” rating in a research report on Tuesday, May 16th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Compass Minerals International presently has a consensus rating of “Hold” and an average price target of $73.50.

Compass Minerals International Company Profile

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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