Semmax Financial Advisors Inc. grew its position in Compass Minerals International, Inc. (NYSE:CMP) by 118.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,485 shares of the basic materials company’s stock after purchasing an additional 12,173 shares during the period. Semmax Financial Advisors Inc. owned about 0.07% of Compass Minerals International worth $1,236,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of CMP. Norges Bank acquired a new position in Compass Minerals International in the 4th quarter worth about $10,894,000. Wells Fargo & Company MN boosted its stake in shares of Compass Minerals International by 31.7% during the 2nd quarter. Wells Fargo & Company MN now owns 458,686 shares of the basic materials company’s stock worth $25,206,000 after acquiring an additional 110,302 shares in the last quarter. Edgemoor Investment Advisors Inc. bought a new stake in shares of Compass Minerals International during the 1st quarter worth about $2,693,000. Goelzer Investment Management Inc. boosted its stake in shares of Compass Minerals International by 92.3% during the 1st quarter. Goelzer Investment Management Inc. now owns 101,918 shares of the basic materials company’s stock worth $5,541,000 after acquiring an additional 48,924 shares in the last quarter. Finally, Frontier Capital Management Co. LLC boosted its stake in shares of Compass Minerals International by 27.8% during the 1st quarter. Frontier Capital Management Co. LLC now owns 212,773 shares of the basic materials company’s stock worth $11,568,000 after acquiring an additional 46,332 shares in the last quarter. 93.09% of the stock is currently owned by institutional investors.
In other Compass Minerals International news, insider Kevin S. Crutchfield bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was purchased at an average price of $49.46 per share, for a total transaction of $98,920.00. Following the purchase, the insider now directly owns 2,000 shares in the company, valued at $98,920. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is owned by corporate insiders.
Several analysts have recently issued reports on CMP shares. Zacks Investment Research upgraded Compass Minerals International from a “sell” rating to a “hold” rating in a research note on Monday, August 19th. Deutsche Bank decreased their price target on Compass Minerals International from $60.00 to $55.00 and set a “hold” rating for the company in a research note on Tuesday, August 13th. Finally, BMO Capital Markets set a $60.00 price target on Compass Minerals International and gave the stock a “hold” rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Compass Minerals International presently has a consensus rating of “Hold” and an average price target of $57.21.
Shares of CMP traded down $1.91 during trading hours on Friday, hitting $48.39. 288,440 shares of the company were exchanged, compared to its average volume of 389,196. The company has a market cap of $1.70 billion, a PE ratio of 29.42 and a beta of 1.33. The firm’s 50 day moving average is $53.46 and its 200-day moving average is $54.16. Compass Minerals International, Inc. has a 52 week low of $38.19 and a 52 week high of $70.40. The company has a debt-to-equity ratio of 2.44, a quick ratio of 1.14 and a current ratio of 2.26.
Compass Minerals International (NYSE:CMP) last released its quarterly earnings results on Tuesday, August 6th. The basic materials company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.13). Compass Minerals International had a return on equity of 11.01% and a net margin of 4.09%. The company had revenue of $245.20 million for the quarter, compared to the consensus estimate of $250.99 million. During the same quarter last year, the company posted ($0.23) EPS. The business’s revenue was down .6% compared to the same quarter last year. As a group, equities analysts forecast that Compass Minerals International, Inc. will post 2.61 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a dividend of $0.72 per share. The ex-dividend date is Thursday, August 29th. This represents a $2.88 annualized dividend and a yield of 5.95%. Compass Minerals International’s payout ratio is 149.22%.
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 through 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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