California State Teachers Retirement System Decreases Position in Compass Minerals International, Inc. (CMP)

California State Teachers Retirement System lowered its position in shares of Compass Minerals International, Inc. (NYSE:CMP) by 9.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,271 shares of the basic materials company’s stock after selling 5,767 shares during the quarter. California State Teachers Retirement System’s holdings in Compass Minerals International were worth $3,522,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. People s United Financial Inc. boosted its stake in Compass Minerals International by 1.6% during the second quarter. People s United Financial Inc. now owns 8,399 shares of the basic materials company’s stock valued at $549,000 after buying an additional 133 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in Compass Minerals International by 1.2% during the second quarter. Oppenheimer & Co. Inc. now owns 13,502 shares of the basic materials company’s stock valued at $882,000 after buying an additional 163 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake in Compass Minerals International by 0.7% during the second quarter. Mutual of America Capital Management LLC now owns 27,052 shares of the basic materials company’s stock valued at $1,766,000 after buying an additional 186 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Compass Minerals International by 6.7% during the second quarter. PNC Financial Services Group Inc. now owns 6,007 shares of the basic materials company’s stock valued at $391,000 after buying an additional 379 shares in the last quarter. Finally, Thrivent Financial For Lutherans boosted its stake in Compass Minerals International by 7.9% during the second quarter. Thrivent Financial For Lutherans now owns 6,820 shares of the basic materials company’s stock valued at $445,000 after buying an additional 500 shares in the last quarter.

Compass Minerals International, Inc. (CMP) opened at $74.55 on Tuesday. The company has a debt-to-equity ratio of 1.70, a current ratio of 2.52 and a quick ratio of 1.18. Compass Minerals International, Inc. has a 1 year low of $59.72 and a 1 year high of $84.40. The firm has a market capitalization of $2,520.00, a price-to-earnings ratio of 17.54 and a beta of 0.51.

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

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a $0.72 dividend. The ex-dividend date was Thursday, November 30th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.86%. Compass Minerals International’s dividend payout ratio (DPR) is 67.76%.

Several brokerages recently weighed in on CMP. Zacks Investment Research raised Compass Minerals International from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $84.00 target price on shares of Compass Minerals International in a research note on Thursday, September 21st. TheStreet raised Compass Minerals International from a “c+” rating to a “b” rating in a research note on Thursday, November 30th. Monness Crespi & Hardt raised Compass Minerals International from a “neutral” rating to a “buy” rating and set a $76.00 target price for the company in a research note on Monday, October 2nd. Finally, JPMorgan Chase & Co. upgraded Compass Minerals International from a “neutral” rating to an “overweight” rating and set a $70.00 price target for the company in a research report on Monday, September 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Compass Minerals International presently has a consensus rating of “Hold” and an average target price of $73.60.

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

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