Bank of New York Mellon Corp cut its stake in Compass Minerals International, Inc. (NYSE:CMP) by 0.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 632,028 shares of the basic materials company’s stock after selling 4,908 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.87% of Compass Minerals International worth $41,555,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Rhumbline Advisers boosted its holdings in Compass Minerals International by 1.6% during the second quarter. Rhumbline Advisers now owns 61,295 shares of the basic materials company’s stock valued at $4,030,000 after acquiring an additional 991 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Compass Minerals International during the second quarter valued at about $601,000. Flippin Bruce & Porter Inc. boosted its holdings in Compass Minerals International by 4.8% during the second quarter. Flippin Bruce & Porter Inc. now owns 55,815 shares of the basic materials company’s stock valued at $3,670,000 after acquiring an additional 2,534 shares during the period. Kornitzer Capital Management Inc. KS boosted its holdings in Compass Minerals International by 0.6% during the second quarter. Kornitzer Capital Management Inc. KS now owns 309,955 shares of the basic materials company’s stock valued at $20,380,000 after acquiring an additional 1,905 shares during the period. Finally, Fiera Capital Corp bought a new stake in Compass Minerals International during the second quarter valued at about $526,000. 97.31% of the stock is currently owned by institutional investors and hedge funds.
NYSE CMP opened at $61.70 on Thursday. The company has a debt-to-equity ratio of 2.28, a current ratio of 2.66 and a quick ratio of 1.46. Compass Minerals International, Inc. has a twelve month low of $56.50 and a twelve month high of $76.65. The stock has a market capitalization of $2.12 billion, a P/E ratio of 22.38 and a beta of 0.68.
Compass Minerals International (NYSE:CMP) last released its earnings results on Monday, August 6th. The basic materials company reported ($0.23) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.09). Compass Minerals International had a net margin of 2.27% and a return on equity of 12.50%. The company had revenue of $246.70 million during the quarter, compared to the consensus estimate of $243.24 million. During the same quarter in the previous year, the business posted ($0.19) EPS. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. sell-side analysts anticipate that Compass Minerals International, Inc. will post 2.86 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 17th. Investors of record on Friday, August 31st will be paid a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 4.67%. The ex-dividend date is Thursday, August 30th. Compass Minerals International’s payout ratio is presently 104.73%.
Separately, ValuEngine cut shares of Compass Minerals International from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $71.50.
Compass Minerals International Profile
Compass Minerals International, Inc, produces and sells salt, and specialty plant nutrition and chemical products primarily in the United States, Canada, Brazil, and the United Kingdom. It operates in three segments: Salt, Plant Nutrition North America, and Plant Nutrition South America. The Salt segment offers sodium chloride and magnesium chloride, including rock salt, mechanically and solar evaporated salt, and brine and flake magnesium chloride products; and purchases potassium chloride and calcium chloride to sell as finished products or to blend with salt to produce specialty products.
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