Texas Permanent School Fund increased its stake in Compass Minerals International, Inc. (NYSE:CMP) by 0.9% during the second quarter, Holdings Channel reports. The firm owned 24,694 shares of the basic materials company’s stock after buying an additional 226 shares during the period. Texas Permanent School Fund’s holdings in Compass Minerals International were worth $1,613,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CMP. Bernzott Capital Advisors increased its stake in shares of Compass Minerals International by 19.8% in the first quarter. Bernzott Capital Advisors now owns 206,901 shares of the basic materials company’s stock valued at $14,038,000 after buying an additional 34,170 shares during the period. Viking Fund Management LLC increased its stake in shares of Compass Minerals International by 33.3% in the first quarter. Viking Fund Management LLC now owns 20,000 shares of the basic materials company’s stock valued at $1,357,000 after buying an additional 5,000 shares during the period. Capstone Asset Management Co. increased its stake in shares of Compass Minerals International by 3.4% in the first quarter. Capstone Asset Management Co. now owns 3,026 shares of the basic materials company’s stock valued at $205,000 after buying an additional 100 shares during the period. CFO4Life Group LLC bought a new stake in shares of Compass Minerals International during the first quarter valued at approximately $203,000. Finally, CGOV Asset Management increased its stake in shares of Compass Minerals International by 40.0% in the first quarter. CGOV Asset Management now owns 7,000 shares of the basic materials company’s stock valued at $633,000 after buying an additional 2,000 shares during the period.

Shares of Compass Minerals International, Inc. (CMP) opened at 64.10 on Tuesday. The stock has a 50 day moving average of $66.85 and a 200-day moving average of $69.27. Compass Minerals International, Inc. has a 12-month low of $62.70 and a 12-month high of $84.40. The firm has a market capitalization of $2.17 billion, a P/E ratio of 17.91 and a beta of 0.45.

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

The company 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 is Wednesday, August 30th. Compass Minerals International’s payout ratio is 80.45%.

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Several analysts have commented on CMP shares. Zacks Investment Research downgraded shares of Compass Minerals International from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. BMO Capital Markets reiterated a “hold” rating and issued a $75.00 price objective on shares of Compass Minerals International in a report on Friday, May 5th. BidaskClub upgraded shares of 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 shares of Compass Minerals International and gave the company 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 stock. Compass Minerals International presently has a consensus rating of “Hold” and an average target price of $73.50.

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.

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

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