Credit Agricole S A raised its position in Compass Minerals International, Inc. (NYSE:CMP) by 78.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,983 shares of the company’s stock after buying an additional 3,069 shares during the period. Credit Agricole S A’s holdings in Compass Minerals International were worth $547,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Synovus Financial Corp purchased a new stake in shares of Compass Minerals International during the third quarter worth about $155,000. LS Investment Advisors LLC boosted its stake in shares of Compass Minerals International by 5.7% in the third quarter. LS Investment Advisors LLC now owns 2,166 shares of the company’s stock worth $160,000 after buying an additional 116 shares during the period. Integrated Wealth Management boosted its stake in shares of Compass Minerals International by 8.0% in the third quarter. Integrated Wealth Management now owns 3,503 shares of the company’s stock worth $258,000 after buying an additional 260 shares during the period. HL Financial Services LLC purchased a new stake in shares of Compass Minerals International during the third quarter worth about $270,000. Finally, Trexquant Investment LP boosted its stake in shares of Compass Minerals International by 6.5% in the fourth quarter. Trexquant Investment LP now owns 3,824 shares of the company’s stock worth $300,000 after buying an additional 234 shares during the period.
Shares of Compass Minerals International, Inc. (NYSE:CMP) opened at 68.60 on Tuesday. Compass Minerals International, Inc. has a 52-week low of $67.05 and a 52-week high of $84.40. The firm has a 50-day moving average of $76.63 and a 200 day moving average of $76.23. The firm has a market cap of $2.32 billion, a PE ratio of 14.32 and a beta of 0.51.
Compass Minerals International (NYSE:CMP) last released its quarterly earnings data on Wednesday, February 8th. The company reported $1.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.24. Compass Minerals International had a net margin of 14.30% and a return on equity of 16.02%. The firm had revenue of $443.20 million for the quarter, compared to the consensus estimate of $399.66 million. During the same period in the previous year, the company earned $1.72 earnings per share. The company’s quarterly revenue was up 53.2% on a year-over-year basis. On average, equities analysts predict that Compass Minerals International, Inc. will post $3.41 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st were issued a $0.72 dividend. This is an increase from Compass Minerals International’s previous quarterly dividend of $0.70. This represents a $2.88 annualized dividend and a dividend yield of 4.20%. The ex-dividend date was Monday, February 27th. Compass Minerals International’s payout ratio is currently 58.16%.
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CMP has been the subject of a number of recent analyst reports. TheStreet upgraded shares of Compass Minerals International from a “hold” rating to a “buy” rating in a research report on Monday, November 21st. Zacks Investment Research cut shares of Compass Minerals International from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 13th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $77.67.
About Compass Minerals International
Compass Minerals International, Inc is a holding company. The Company, through its subsidiaries, is engaged in producing and marketing essential minerals, including salt, sulfate of potash (SOP) specialty fertilizer, magnesium chloride and micronutrients. It operates through two segments, which include salt and plant nutrition.
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