Oppenheimer Asset Management Inc. Lowers Stake in Compass Minerals International, Inc. (CMP)
Oppenheimer Asset Management Inc. cut its position in shares of Compass Minerals International, Inc. (NYSE:CMP) by 4.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,214 shares of the basic materials company’s stock after selling 866 shares during the period. Oppenheimer Asset Management Inc. owned about 0.06% of Compass Minerals International worth $1,312,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bruderman Asset Management LLC bought a new stake in shares of Compass Minerals International during the second quarter valued at approximately $146,000. IFP Advisors Inc increased its position in shares of Compass Minerals International by 93.6% during the third quarter. IFP Advisors Inc now owns 2,431 shares of the basic materials company’s stock valued at $158,000 after purchasing an additional 1,175 shares during the period. National Planning Corp acquired a new stake in Compass Minerals International in the 3rd quarter valued at $208,000. Raymond James Financial Services Advisors Inc. acquired a new stake in Compass Minerals International in the 2nd quarter valued at $206,000. Finally, Legg Mason Asset Management Japan Co. Ltd. acquired a new stake in Compass Minerals International in the 2nd quarter valued at $229,000.
Shares of Compass Minerals International, Inc. (CMP) opened at $68.70 on Thursday. The company has a debt-to-equity ratio of 1.70, a current ratio of 2.52 and a quick ratio of 1.18. The company has a market capitalization of $2,322.26, a price-to-earnings ratio of 28.14 and a beta of 0.51. Compass Minerals International, Inc. has a one year low of $59.72 and a one year high of $84.40.
Compass Minerals International (NYSE:CMP) last announced its quarterly earnings results on Monday, October 30th. The basic materials company reported $0.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.20). The company had revenue of $290.70 million during the quarter, compared to analyst estimates of $323.76 million. Compass Minerals International had a net margin of 10.72% and a return on equity of 11.52%. Compass Minerals International’s quarterly revenue was up 61.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 EPS. equities analysts forecast that Compass Minerals International, Inc. will post 2.62 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date of this dividend is Thursday, November 30th. Compass Minerals International’s dividend payout ratio is currently 67.76%.
Several brokerages recently commented on CMP. J P Morgan Chase & Co raised Compass Minerals International from a “neutral” rating to an “overweight” rating and set a $70.00 price target on the stock in a research note on Monday, September 25th. BidaskClub lowered Compass Minerals International from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. Zacks Investment Research lowered Compass Minerals International from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. Monness Crespi & Hardt raised Compass Minerals International from a “neutral” rating to a “buy” rating and set a $76.00 price target on the stock in a research note on Monday, October 2nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $84.00 price target on shares of Compass Minerals International in a research note on Thursday, September 21st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $73.60.
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Compass Minerals International 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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