Van ECK Associates Corp Has $29.44 Million Holdings in Compass Minerals International, Inc. (CMP)

Van ECK Associates Corp grew its position in Compass Minerals International, Inc. (NYSE:CMP) by 32.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 450,780 shares of the basic materials company’s stock after acquiring an additional 109,506 shares during the period. Van ECK Associates Corp owned about 1.33% of Compass Minerals International worth $29,436,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Bernzott Capital Advisors raised its position in shares of Compass Minerals International by 19.8% in the first quarter. Bernzott Capital Advisors now owns 206,901 shares of the basic materials company’s stock worth $14,038,000 after acquiring an additional 34,170 shares during the period. Viking Fund Management LLC raised its position in shares of Compass Minerals International by 45.0% in the second quarter. Viking Fund Management LLC now owns 29,000 shares of the basic materials company’s stock worth $1,894,000 after acquiring an additional 9,000 shares during the period. Victory Capital Management Inc. raised its position in shares of Compass Minerals International by 6.4% in the second quarter. Victory Capital Management Inc. now owns 685,435 shares of the basic materials company’s stock worth $44,758,000 after acquiring an additional 41,119 shares during the period. Capstone Asset Management Co. raised its position in shares of Compass Minerals International by 3.4% in the first quarter. Capstone Asset Management Co. now owns 3,026 shares of the basic materials company’s stock worth $205,000 after acquiring an additional 100 shares during the period. Finally, CFO4Life Group LLC acquired a new position in shares of Compass Minerals International in the first quarter worth about $203,000.

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Compass Minerals International, Inc. (CMP) opened at 69.65 on Thursday. The firm has a 50 day moving average of $67.05 and a 200-day moving average of $67.16. The firm has a market cap of $2.36 billion, a P/E ratio of 19.46 and a beta of 0.46. Compass Minerals International, Inc. has a 12 month low of $62.70 and a 12 month high of $84.40.

Compass Minerals International (NYSE:CMP) last issued its earnings results on Monday, August 7th. The basic materials company reported ($0.19) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.12). The firm had revenue of $228.00 million during the quarter, compared to analysts’ expectations of $261.13 million. Compass Minerals International had a net margin of 9.83% and a return on equity of 10.01%. The firm’s revenue was up 34.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.18 EPS. On average, equities research analysts forecast that Compass Minerals International, Inc. will post $3.02 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were issued a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend was Wednesday, August 30th. Compass Minerals International’s payout ratio is 80.45%.

A number of research analysts have weighed in on the stock. BidaskClub downgraded shares of Compass Minerals International from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Credit Suisse Group set a $63.00 price objective on shares of Compass Minerals International and gave the stock a “hold” rating in a research report on Wednesday, August 9th. Finally, Zacks Investment Research upgraded shares of Compass Minerals International from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Compass Minerals International has an average rating of “Hold” and an average price target of $73.50.

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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