MetLife Investment Advisors LLC grew its stake in shares of Compass Minerals International, Inc. (NYSE:CMP) by 4.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 36,931 shares of the basic materials company’s stock after purchasing an additional 1,542 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Compass Minerals International were worth $2,428,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its position in Compass Minerals International by 80.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,981 shares of the basic materials company’s stock valued at $196,000 after buying an additional 1,331 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new stake in Compass Minerals International in the second quarter valued at approximately $238,000. Measured Wealth Private Client Group LLC purchased a new stake in Compass Minerals International in the second quarter valued at approximately $364,000. Voya Investment Management LLC boosted its position in Compass Minerals International by 2.8% in the second quarter. Voya Investment Management LLC now owns 446,470 shares of the basic materials company’s stock valued at $29,355,000 after buying an additional 12,041 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Compass Minerals International in the second quarter valued at approximately $328,000. Hedge funds and other institutional investors own 96.25% of the company’s stock.

Shares of NYSE CMP opened at $69.90 on Monday. The company has a market capitalization of $2.37 billion, a P/E ratio of 28.53 and a beta of 0.68. Compass Minerals International, Inc. has a 52 week low of $56.50 and a 52 week high of $76.65. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.46 and a current ratio of 2.66.

Compass Minerals International (NYSE:CMP) last issued its earnings results on Monday, August 6th. The basic materials company reported ($0.23) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.09). Compass Minerals International had a net margin of 2.27% and a return on equity of 12.50%. The firm had revenue of $246.70 million during the quarter, compared to analysts’ expectations of $243.24 million. During the same quarter in the prior year, the company earned ($0.19) EPS. Compass Minerals International’s quarterly revenue was up 8.2% on a year-over-year basis. sell-side analysts predict that Compass Minerals International, Inc. will post 2.83 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 17th. Shareholders of record on Friday, August 31st were given a $0.72 dividend. The ex-dividend date of this dividend was Thursday, August 30th. This represents a $2.88 annualized dividend and a yield of 4.12%. Compass Minerals International’s dividend payout ratio is presently 104.73%.

Separately, ValuEngine upgraded Compass Minerals International from a “sell” rating to a “hold” rating in a research report on Wednesday, September 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. Compass Minerals International presently has a consensus rating of “Hold” and an average target price of $71.50.

Compass Minerals International Company Profile

Compass Minerals International, Inc, produces and sells salt, and specialty plant nutrition and chemical products primarily in the United States, Canada, Brazil, and the United Kingdom. It operates in three segments: Salt, Plant Nutrition North America, and Plant Nutrition South America. The Salt segment offers 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 salt to produce specialty products.

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

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