New York State Common Retirement Fund increased its position in shares of Compass Minerals International, Inc. (NYSE:CMP) by 19.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 149,252 shares of the basic materials company’s stock after purchasing an additional 24,182 shares during the period. New York State Common Retirement Fund owned approximately 0.44% of Compass Minerals International worth $6,222,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in the stock. Verity & Verity LLC lifted its holdings in Compass Minerals International by 4.3% during the 4th quarter. Verity & Verity LLC now owns 6,095 shares of the basic materials company’s stock worth $254,000 after purchasing an additional 250 shares during the last quarter. Arizona State Retirement System lifted its holdings in Compass Minerals International by 1.1% during the 4th quarter. Arizona State Retirement System now owns 24,297 shares of the basic materials company’s stock worth $1,013,000 after purchasing an additional 261 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Compass Minerals International by 2.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 13,512 shares of the basic materials company’s stock worth $563,000 after purchasing an additional 274 shares during the last quarter. ETF Managers Group LLC lifted its holdings in Compass Minerals International by 19.4% during the 4th quarter. ETF Managers Group LLC now owns 2,229 shares of the basic materials company’s stock worth $93,000 after purchasing an additional 362 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in Compass Minerals International by 2.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 14,826 shares of the basic materials company’s stock worth $618,000 after purchasing an additional 414 shares during the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have weighed in on CMP shares. Zacks Investment Research raised Compass Minerals International from a “sell” rating to a “buy” rating and set a $50.00 price objective for the company in a report on Tuesday, January 15th. ValuEngine raised Compass Minerals International from a “sell” rating to a “hold” rating in a report on Friday, February 15th. Finally, Credit Suisse Group cut Compass Minerals International from a “neutral” rating to an “underperform” rating and set a $48.06 price objective for the company. in a report on Sunday, December 2nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $59.01.
Shares of NYSE CMP opened at $51.62 on Friday. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 26.75 and a beta of 1.34. The company has a quick ratio of 1.60, a current ratio of 2.55 and a debt-to-equity ratio of 2.45. Compass Minerals International, Inc. has a fifty-two week low of $38.19 and a fifty-two week high of $71.25.
Compass Minerals International (NYSE:CMP) last announced its quarterly earnings data on Monday, February 11th. The basic materials company reported $1.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.79 by ($0.38). The company had revenue of $486.50 million during the quarter, compared to analyst estimates of $501.10 million. Compass Minerals International had a net margin of 4.61% and a return on equity of 11.49%. As a group, equities research analysts forecast that Compass Minerals International, Inc. will post 2.47 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be issued a $0.72 dividend. The ex-dividend date is Thursday, February 28th. This represents a $2.88 annualized dividend and a yield of 5.58%. Compass Minerals International’s dividend payout ratio is presently 149.22%.
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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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