Compass Minerals International, Inc. (NYSE:CMP) was the recipient of some unusual options trading on Monday. Stock traders acquired 1,531 call options on the stock. This represents an increase of 1,745% compared to the average daily volume of 83 call options.
CMP has been the subject of several recent research reports. Zacks Investment Research upgraded Compass Minerals International from a “sell” rating to a “hold” rating in a report on Tuesday, January 2nd. TheStreet upgraded Compass Minerals International from a “c+” rating to a “b” rating in a report on Thursday, November 30th. Stifel Nicolaus restated a “buy” rating and issued a $84.00 price objective on shares of Compass Minerals International in a report on Wednesday, November 1st. Credit Suisse Group downgraded Compass Minerals International from a “neutral” rating to an “underperform” rating and lifted their price objective for the company from $59.72 to $60.00 in a report on Wednesday, February 14th. Finally, BMO Capital Markets decreased their price objective on Compass Minerals International from $75.00 to $70.00 and set a “market perform” rating for the company in a report on Thursday, February 15th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $71.00.
Institutional investors and hedge funds have recently bought and sold shares of the business. Griffin Asset Management Inc. purchased a new position in Compass Minerals International in the third quarter valued at about $1,298,000. Victory Capital Management Inc. grew its stake in Compass Minerals International by 6.4% in the third quarter. Victory Capital Management Inc. now owns 729,200 shares of the basic materials company’s stock valued at $47,325,000 after purchasing an additional 43,765 shares during the last quarter. Kornitzer Capital Management Inc. KS grew its stake in shares of Compass Minerals International by 3.8% during the third quarter. Kornitzer Capital Management Inc. KS now owns 274,360 shares of the basic materials company’s stock worth $17,806,000 after acquiring an additional 10,050 shares during the last quarter. BB&T Securities LLC grew its stake in shares of Compass Minerals International by 8.8% during the third quarter. BB&T Securities LLC now owns 222,417 shares of the basic materials company’s stock worth $14,434,000 after acquiring an additional 17,899 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Compass Minerals International by 23.3% during the second quarter. State Street Corp now owns 1,615,191 shares of the basic materials company’s stock worth $105,474,000 after acquiring an additional 305,111 shares during the last quarter.
Compass Minerals International (CMP) opened at $62.80 on Tuesday. Compass Minerals International has a 52 week low of $59.72 and a 52 week high of $78.95. The company has a quick ratio of 1.67, a current ratio of 2.75 and a debt-to-equity ratio of 1.92. The stock has a market capitalization of $2,124.37, a PE ratio of 22.84 and a beta of 0.55.
Compass Minerals International (NYSE:CMP) last posted its earnings results on Tuesday, February 13th. The basic materials company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.29. Compass Minerals International had a return on equity of 13.02% and a net margin of 3.13%. The company had revenue of $457.90 million for the quarter, compared to analyst estimates of $468.52 million. equities research analysts expect that Compass Minerals International will post 2.85 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a $0.72 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $2.88 annualized dividend and a yield of 4.59%. Compass Minerals International’s dividend payout ratio (DPR) is presently 230.40%.
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Compass Minerals International Company 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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