Compass Minerals International, Inc. (CMP) Stake Lessened by First Trust Advisors LP

First Trust Advisors LP cut its holdings in Compass Minerals International, Inc. (NYSE:CMP) by 57.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,497 shares of the basic materials company’s stock after selling 152,877 shares during the period. First Trust Advisors LP owned about 0.34% of Compass Minerals International worth $7,366,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Bruderman Asset Management LLC bought a new position in shares of Compass Minerals International in the second quarter valued at approximately $146,000. LS Investment Advisors LLC grew its holdings in shares of Compass Minerals International by 20.3% in the second quarter. LS Investment Advisors LLC now owns 2,786 shares of the basic materials company’s stock valued at $182,000 after acquiring an additional 470 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in shares of Compass Minerals International in the second quarter valued at approximately $206,000. Legg Mason Asset Management Japan Co. Ltd. bought a new position in shares of Compass Minerals International in the second quarter valued at approximately $229,000. Finally, CFO4Life Group LLC grew its holdings in shares of Compass Minerals International by 20.1% in the second quarter. CFO4Life Group LLC now owns 3,593 shares of the basic materials company’s stock valued at $235,000 after acquiring an additional 602 shares in the last quarter.

ILLEGAL ACTIVITY NOTICE: “Compass Minerals International, Inc. (CMP) Stake Lessened by First Trust Advisors LP” was published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this story on another domain, it was stolen and republished in violation of United States and international copyright law. The original version of this story can be accessed at https://www.chaffeybreeze.com/2017/11/14/compass-minerals-international-inc-cmp-stake-lessened-by-first-trust-advisors-lp.html.

Compass Minerals International, Inc. (CMP) opened at $67.45 on Tuesday. Compass Minerals International, Inc. has a twelve month low of $59.72 and a twelve month high of $84.40. The firm has a market capitalization of $2,234.31, a price-to-earnings ratio of 27.07 and a beta of 0.49. The company has a current ratio of 2.52, a quick ratio of 1.18 and a debt-to-equity ratio of 1.70.

Compass Minerals International (NYSE:CMP) last announced its quarterly earnings data on Monday, October 30th. The basic materials company reported $0.65 earnings per share for the quarter, missing the 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 firm had revenue of $290.70 million for the quarter, compared to the consensus estimate of $323.76 million. During the same period last year, the company posted $0.27 earnings per share. Compass Minerals International’s revenue for the quarter was up 61.9% on a year-over-year basis. equities research analysts predict that Compass Minerals International, Inc. will post 2.62 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.72 per share. The ex-dividend date is Thursday, November 30th. This represents a $2.88 annualized dividend and a dividend yield of 4.27%. Compass Minerals International’s dividend payout ratio is currently 67.76%.

CMP has been the subject of several recent analyst reports. Zacks Investment Research lowered Compass Minerals International from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. BidaskClub lowered Compass Minerals International from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Credit Suisse Group set a $63.00 price objective on Compass Minerals International and gave the company a “hold” rating in a report on Wednesday, August 9th. Stifel Nicolaus reissued a “buy” rating and set a $84.00 price objective on shares of Compass Minerals International in a report on Thursday, September 21st. Finally, J P Morgan Chase & Co raised Compass Minerals International from a “neutral” rating to an “overweight” rating and set a $70.00 price objective for the company in a report on Monday, September 25th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $73.60.

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.

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

Receive News & Ratings for Compass Minerals International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Compass Minerals International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply