Compass Minerals International, Inc. (CMP) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lessened its holdings in Compass Minerals International, Inc. (NYSE:CMP) by 54.2% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,502 shares of the basic materials company’s stock after selling 15,985 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Compass Minerals International were worth $888,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rowland & Co. Investment Counsel ADV raised its holdings in shares of Compass Minerals International by 3.0% in the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 36,735 shares of the basic materials company’s stock worth $2,414,000 after purchasing an additional 1,058 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Compass Minerals International by 6.6% in the 2nd quarter. Wells Fargo & Company MN now owns 614,820 shares of the basic materials company’s stock worth $40,424,000 after purchasing an additional 38,024 shares during the period. Motley Fool Wealth Management LLC raised its holdings in shares of Compass Minerals International by 2.8% in the 2nd quarter. Motley Fool Wealth Management LLC now owns 81,672 shares of the basic materials company’s stock worth $5,370,000 after purchasing an additional 2,196 shares during the period. CIBC World Markets Inc. bought a new stake in shares of Compass Minerals International in the 1st quarter worth approximately $314,000. Finally, BlackRock Inc. raised its holdings in shares of Compass Minerals International by 0.6% in the 1st quarter. BlackRock Inc. now owns 3,629,464 shares of the basic materials company’s stock worth $218,858,000 after purchasing an additional 20,931 shares during the period. Hedge funds and other institutional investors own 97.29% of the company’s stock.

NYSE:CMP opened at $63.65 on Friday. The company has a current ratio of 2.66, a quick ratio of 1.46 and a debt-to-equity ratio of 2.28. The company has a market capitalization of $2.12 billion, a P/E ratio of 25.61 and a beta of 0.68. Compass Minerals International, Inc. has a 12 month low of $56.50 and a 12 month high of $76.65.

Compass Minerals International (NYSE:CMP) last issued its earnings results on Monday, August 6th. The basic materials company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $246.70 million for the quarter, compared to the consensus estimate of $243.24 million. During the same period in the previous year, the firm earned ($0.19) EPS. The company’s revenue was up 8.2% compared to the same quarter last year. sell-side analysts expect that Compass Minerals International, Inc. will post 2.83 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 17th. Shareholders of record on Friday, August 31st will be issued a dividend of $0.72 per share. The ex-dividend date is Thursday, August 30th. This represents a $2.88 dividend on an annualized basis and a yield of 4.52%. Compass Minerals International’s payout ratio is 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 investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $71.50.

Compass Minerals International Company 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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Institutional Ownership by Quarter for Compass Minerals International (NYSE:CMP)

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