National Planning Corp Invests $208,000 in Compass Minerals International, Inc. (CMP)

National Planning Corp acquired a new position in Compass Minerals International, Inc. (NYSE:CMP) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,137 shares of the basic materials company’s stock, valued at approximately $208,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. BlackRock Inc. increased its stake in shares of Compass Minerals International by 22.8% in the second quarter. BlackRock Inc. now owns 3,532,489 shares of the basic materials company’s stock worth $230,671,000 after purchasing an additional 656,762 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Compass Minerals International by 1.4% in the second quarter. Vanguard Group Inc. now owns 3,040,104 shares of the basic materials company’s stock worth $198,519,000 after purchasing an additional 41,002 shares in the last quarter. State Street Corp increased its stake in shares of Compass Minerals International by 23.3% in the second quarter. State Street Corp now owns 1,615,191 shares of the basic materials company’s stock worth $105,474,000 after purchasing an additional 305,111 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in shares of Compass Minerals International in the second quarter worth $73,452,000. Finally, Morningstar Investment Services LLC increased its stake in shares of Compass Minerals International by 28.3% in the second quarter. Morningstar Investment Services LLC now owns 1,065,984 shares of the basic materials company’s stock worth $69,609,000 after purchasing an additional 235,138 shares in the last quarter.

A number of analysts have recently issued reports on the stock. BidaskClub cut shares of Compass Minerals International from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. TheStreet raised shares of Compass Minerals International from a “c+” rating to a “b” rating in a research note on Thursday, November 30th. Credit Suisse Group set a $63.00 price objective on shares of Compass Minerals International and gave the company a “hold” rating in a research report on Wednesday, August 9th. Stifel Nicolaus reiterated a “buy” rating and set a $84.00 price objective on shares of Compass Minerals International in a research report on Wednesday, November 1st. Finally, J P Morgan Chase & Co upgraded shares of Compass Minerals International from a “neutral” rating to an “overweight” rating and set a $70.00 price objective for the company in a research report on Monday, September 25th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $73.60.

Compass Minerals International, Inc. (CMP) traded down $0.45 during trading on Wednesday, hitting $68.30. 210,600 shares of the stock traded hands, compared to its average volume of 394,281. The company has a market cap of $2,325.64, a price-to-earnings ratio of 28.18 and a beta of 0.51. The company has a quick ratio of 1.18, a current ratio of 2.52 and a debt-to-equity ratio of 1.70. Compass Minerals International, Inc. has a 12-month low of $59.72 and a 12-month high of $84.40.

Compass Minerals International (NYSE:CMP) last released its earnings results on Monday, October 30th. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.20). The firm had revenue of $290.70 million during the quarter, compared to the consensus estimate of $323.76 million. Compass Minerals International had a return on equity of 11.52% and a net margin of 10.72%. Compass Minerals International’s revenue was up 61.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 EPS. equities analysts forecast that Compass Minerals International, Inc. will post 2.62 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.72 per share. The ex-dividend date is Thursday, November 30th. This represents a $2.88 dividend on an annualized basis and a yield of 4.22%. Compass Minerals International’s payout ratio is 67.76%.

ILLEGAL ACTIVITY NOTICE: “National Planning Corp Invests $208,000 in Compass Minerals International, Inc. (CMP)” was first published by Community Financial News and is the sole property of of Community Financial News. If you are reading this news story on another website, it was stolen and reposted in violation of US and international copyright & trademark laws. The correct version of this news story can be accessed at https://www.com-unik.info/2017/12/06/national-planning-corp-invests-208000-in-compass-minerals-international-inc-cmp.html.

About Compass Minerals International

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.

Want to see what other hedge funds are holding CMP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Compass Minerals International, Inc. (NYSE:CMP).

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

What are top analysts saying about Compass Minerals International Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Compass Minerals International Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit