Murphy Pohlad Asset Management LLC cut its position in shares of Compass Minerals International Inc. (NYSE:CMP) by 2.2% during the third quarter, Holdings Channel reports. The institutional investor owned 47,445 shares of the company’s stock after selling 1,080 shares during the period. Compass Minerals International makes up approximately 2.6% of Murphy Pohlad Asset Management LLC’s investment portfolio, making the stock its 8th largest position. Murphy Pohlad Asset Management LLC’s holdings in Compass Minerals International were worth $3,496,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of CMP. Americafirst Capital Management LLC acquired a new position in shares of Compass Minerals International during the second quarter worth $108,000. Pacad Investment Ltd. purchased a new stake in shares of Compass Minerals International during the second quarter valued at approximately $148,000. LS Investment Advisors LLC boosted its stake in shares of Compass Minerals International by 76.4% in the second quarter. LS Investment Advisors LLC now owns 2,050 shares of the company’s stock valued at $152,000 after buying an additional 888 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Compass Minerals International by 53.4% in the second quarter. IFP Advisors Inc now owns 2,494 shares of the company’s stock valued at $185,000 after buying an additional 868 shares during the last quarter. Finally, Highbridge Capital Management LLC purchased a new stake in shares of Compass Minerals International during the second quarter valued at approximately $210,000.
Shares of Compass Minerals International Inc. (NYSE:CMP) traded down 0.57% during midday trading on Monday, reaching $78.70. The company’s stock had a trading volume of 200,313 shares. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 21.63 and a beta of 0.49. Compass Minerals International Inc. has a 12 month low of $66.30 and a 12 month high of $85.20. The company has a 50-day moving average price of $73.76 and a 200-day moving average price of $74.29.
Compass Minerals International (NYSE:CMP) last released its quarterly earnings results on Monday, October 24th. The company reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.01. The business had revenue of $179.60 million for the quarter, compared to analyst estimates of $207.25 million. Compass Minerals International had a return on equity of 18.34% and a net margin of 12.55%. The company’s revenue for the quarter was down 22.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.80 EPS. Equities analysts expect that Compass Minerals International Inc. will post $2.95 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be given a $0.695 dividend. This represents a $2.78 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date is Tuesday, November 29th. Compass Minerals International’s dividend payout ratio is presently 76.58%.
CMP has been the subject of several recent research reports. Zacks Investment Research cut Compass Minerals International from a “buy” rating to a “hold” rating in a research note on Friday, October 28th. TheStreet raised Compass Minerals International from a “hold” rating to a “buy” rating in a research note on Monday, November 21st. Finally, Monness Crespi & Hardt raised Compass Minerals International from a “sell” rating to a “neutral” rating in a research note on Wednesday, October 26th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $76.25.
About Compass Minerals International
Compass Minerals International, Inc is a holding company. The Company, through its subsidiaries, is engaged in producing and marketing essential minerals, including salt, sulfate of potash (SOP) specialty fertilizer, magnesium chloride and micronutrients. It operates through two segments, which include salt and plant nutrition.