Amica Mutual Insurance Co. Invests $1.20 Million in Compass Minerals International, Inc. (NYSE:CMP)

Amica Mutual Insurance Co. bought a new stake in shares of Compass Minerals International, Inc. (NYSE:CMP) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 47,180 shares of the basic materials company’s stock, valued at approximately $1,195,000. Amica Mutual Insurance Co. owned about 0.11% of Compass Minerals International at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CMP. Raymond James Financial Services Advisors Inc. raised its holdings in Compass Minerals International by 1.0% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 40,819 shares of the basic materials company’s stock worth $1,141,000 after purchasing an additional 410 shares during the period. Equitable Trust Co. increased its holdings in Compass Minerals International by 8.9% in the 3rd quarter. Equitable Trust Co. now owns 7,270 shares of the basic materials company’s stock worth $203,000 after acquiring an additional 594 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Compass Minerals International by 6.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 10,600 shares of the basic materials company’s stock worth $296,000 after acquiring an additional 603 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Compass Minerals International by 4.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,731 shares of the basic materials company’s stock valued at $398,000 after purchasing an additional 700 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Compass Minerals International by 156.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,239 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 756 shares during the period. 99.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CMP shares. Loop Capital raised shares of Compass Minerals International from a “hold” rating to a “buy” rating and dropped their target price for the stock from $26.00 to $23.00 in a report on Friday. Stifel Nicolaus dropped their price objective on shares of Compass Minerals International from $75.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, January 11th. JPMorgan Chase & Co. decreased their target price on Compass Minerals International from $24.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, February 9th. Finally, BMO Capital Markets cut their price target on Compass Minerals International from $25.00 to $20.00 and set a “market perform” rating for the company in a report on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $33.80.

Compass Minerals International Trading Up 2.3 %

Shares of CMP traded up $0.30 during midday trading on Monday, hitting $13.34. The stock had a trading volume of 587,314 shares, compared to its average volume of 696,221. Compass Minerals International, Inc. has a 1 year low of $11.85 and a 1 year high of $39.78. The company has a debt-to-equity ratio of 1.98, a current ratio of 3.07 and a quick ratio of 1.15. The stock’s 50 day moving average is $17.44 and its 200 day moving average is $21.73. The firm has a market cap of $551.08 million, a PE ratio of -9.27, a price-to-earnings-growth ratio of 4.08 and a beta of 1.13.

Compass Minerals International (NYSE:CMP) last announced its quarterly earnings data on Wednesday, February 7th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.19). The firm had revenue of $341.70 million during the quarter, compared to the consensus estimate of $352.84 million. Compass Minerals International had a positive return on equity of 4.56% and a negative net margin of 4.97%. Compass Minerals International’s quarterly revenue was down 3.0% compared to the same quarter last year. As a group, analysts forecast that Compass Minerals International, Inc. will post 0.07 EPS for the current fiscal year.

Compass Minerals International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Monday, March 11th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date of this dividend was Friday, March 8th. Compass Minerals International’s dividend payout ratio (DPR) is presently -41.10%.

Compass Minerals International Company Profile

Compass Minerals International, Inc, provides essential minerals in the United States, Canada, the United Kingdom, and internationally. It operates through two segments, Salt and Plant Nutrition. The Salt segment produces, markets, and sells sodium chloride and magnesium chloride, including rock salt, mechanically and solar evaporated salt, and brine and flake magnesium chloride products; and purchases potassium chloride and calcium chloride to sell as finished products or to blend with sodium chloride to produce specialty products.