Trade Report: Today: Bislett Management LLC Maintains Stake in Compass Minerals International Inc. (CMP)

Today: Bislett Management LLC Maintains Stake in Compass Minerals International Inc. (CMP)

Bislett Management LLC held its position in shares of Compass Minerals International Inc. (NYSE:CMP) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 63,751 shares of the company’s stock at the end of the third quarter. Compass Minerals International accounts for about 3.1% of Bislett Management LLC’s investment portfolio, making the stock its 14th largest position. Bislett Management LLC owned approximately 0.19% of Compass Minerals International worth $4,698,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Independent Portfolio Consultants Inc. increased its stake in Compass Minerals International by 24.2% in the second quarter. Independent Portfolio Consultants Inc. now owns 8,754 shares of the company’s stock valued at $649,000 after buying an additional 1,705 shares during the last quarter. Nisa Investment Advisors LLC acquired a new stake in Compass Minerals International during the second quarter valued at approximately $371,000. GWM Advisors LLC acquired a new stake in Compass Minerals International during the second quarter valued at approximately $588,000. Kelman Lazarov Inc. increased its stake in Compass Minerals International by 2.0% in the second quarter. Kelman Lazarov Inc. now owns 17,465 shares of the company’s stock valued at $1,303,000 after buying an additional 350 shares during the last quarter. Finally, Capstone Asset Management Co. increased its stake in Compass Minerals International by 1.3% in the second quarter. Capstone Asset Management Co. now owns 3,096 shares of the company’s stock valued at $230,000 after buying an additional 40 shares during the last quarter.

Shares of Compass Minerals International Inc. (NYSE:CMP) traded down 0.69% during midday trading on Monday, reaching $78.60. The company’s stock had a trading volume of 19,031 shares. Compass Minerals International Inc. has a 1-year low of $66.30 and a 1-year high of $85.20. The firm has a market capitalization of $2.66 billion, a PE ratio of 21.61 and a beta of 0.49. The company’s 50-day moving average price is $73.76 and its 200 day moving average price is $74.29.

Compass Minerals International (NYSE:CMP) last posted its earnings results on Monday, October 24th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by $0.01. Compass Minerals International had a net margin of 12.55% and a return on equity of 18.34%. The company earned $179.60 million during the quarter, compared to analyst estimates of $207.25 million. During the same quarter last year, the business posted $0.80 EPS. Compass Minerals International’s quarterly revenue was down 22.8% compared to the same quarter last year. On average, equities research analysts forecast that Compass Minerals International Inc. will post $2.95 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be paid a dividend of $0.695 per share. The ex-dividend date is Tuesday, November 29th. This represents a $2.78 dividend on an annualized basis and a yield of 3.51%. Compass Minerals International’s dividend payout ratio (DPR) is presently 76.58%.

A number of brokerages have issued reports on CMP. TheStreet raised shares of Compass Minerals International from a “hold” rating to a “buy” rating in a research report on Monday, November 21st. Zacks Investment Research raised shares of Compass Minerals International from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research report on Tuesday, October 4th. Finally, Monness Crespi & Hardt raised shares of Compass Minerals International from a “sell” rating to a “neutral” rating in a research report on Wednesday, October 26th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus 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.

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