Global X Management Co. LLC boosted its position in Compass Minerals International, Inc. (NYSE:CMP) by 27.0% during the second quarter, Holdings Channel reports. The institutional investor owned 14,439 shares of the basic materials company’s stock after buying an additional 3,074 shares during the period. Global X Management Co. LLC’s holdings in Compass Minerals International were worth $943,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. IFP Advisors Inc boosted its stake in shares of Compass Minerals International by 4.8% in the first quarter. IFP Advisors Inc now owns 3,409 shares of the basic materials company’s stock worth $231,000 after buying an additional 155 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Compass Minerals International during the first quarter worth about $780,000. Cardinal Capital Management boosted its stake in shares of Compass Minerals International by 1.8% in the first quarter. Cardinal Capital Management now owns 10,732 shares of the basic materials company’s stock worth $728,000 after buying an additional 193 shares in the last quarter. Cubic Asset Management LLC boosted its stake in shares of Compass Minerals International by 56.1% in the first quarter. Cubic Asset Management LLC now owns 67,805 shares of the basic materials company’s stock worth $4,601,000 after buying an additional 24,365 shares in the last quarter. Finally, Glen Harbor Capital Management LLC boosted its stake in shares of Compass Minerals International by 26.8% in the first quarter. Glen Harbor Capital Management LLC now owns 2,414 shares of the basic materials company’s stock worth $164,000 after buying an additional 510 shares in the last quarter.

Shares of Compass Minerals International, Inc. (CMP) opened at 64.10 on Tuesday. The stock’s 50 day moving average price is $66.85 and its 200-day moving average price is $69.27. The company has a market cap of $2.17 billion, a PE ratio of 17.91 and a beta of 0.45. Compass Minerals International, Inc. has a one year low of $62.70 and a one year high of $84.40.

Compass Minerals International (NYSE:CMP) last released its earnings results on Monday, August 7th. The basic materials company reported ($0.19) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by $0.12. Compass Minerals International had a net margin of 9.83% and a return on equity of 10.01%. The company had revenue of $228 million for the quarter, compared to the consensus estimate of $261.13 million. During the same period in the prior year, the company earned $0.18 earnings per share. The firm’s revenue was up 34.5% on a year-over-year basis. On average, analysts expect that Compass Minerals International, Inc. will post $3.06 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date of this dividend is Wednesday, August 30th. Compass Minerals International’s dividend payout ratio is currently 80.45%.

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A number of brokerages have recently issued reports on CMP. Zacks Investment Research cut Compass Minerals International from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. BMO Capital Markets restated a “hold” rating and set a $75.00 price objective on shares of Compass Minerals International in a report on Monday, May 15th. BidaskClub upgraded Compass Minerals International from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Credit Suisse Group set a $63.00 price objective on Compass Minerals International and gave the stock a “hold” rating in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Compass Minerals International has a consensus rating of “Hold” and an average target price of $73.50.

Compass Minerals International Company 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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