Lapides Asset Management LLC grew its stake in shares of Compass Minerals International, Inc. (NYSE:CMP) by 18.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 43,200 shares of the basic materials company’s stock after purchasing an additional 6,700 shares during the quarter. Lapides Asset Management LLC owned approximately 0.13% of Compass Minerals International worth $2,804,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Compass Minerals International by 22.8% during the second quarter. BlackRock Inc. now owns 3,532,489 shares of the basic materials company’s stock valued at $230,671,000 after purchasing an additional 656,762 shares during the period. Vanguard Group Inc. boosted its stake in shares of Compass Minerals International by 1.4% during the second quarter. Vanguard Group Inc. now owns 3,040,104 shares of the basic materials company’s stock valued at $198,519,000 after purchasing an additional 41,002 shares during the period. State Street Corp boosted its stake in shares of Compass Minerals International by 23.3% during the second quarter. State Street Corp now owns 1,615,191 shares of the basic materials company’s stock valued at $105,474,000 after purchasing an additional 305,111 shares during the period. Janus Henderson Group PLC purchased a new stake in shares of Compass Minerals International during the second quarter valued at approximately $73,452,000. Finally, Morningstar Investment Services LLC boosted its stake in shares of Compass Minerals International by 28.3% during the second quarter. Morningstar Investment Services LLC now owns 1,065,984 shares of the basic materials company’s stock valued at $69,609,000 after purchasing an additional 235,138 shares during the period.

A number of brokerages recently commented on CMP. Zacks Investment Research lowered Compass Minerals International from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. BidaskClub raised Compass Minerals International from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 23rd. Monness Crespi & Hardt raised Compass Minerals International from a “neutral” rating to a “buy” rating and set a $76.00 price target for the company in a research note on Monday, October 2nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $84.00 price target on shares of Compass Minerals International in a research note on Thursday, September 21st. Finally, J P Morgan Chase & Co raised Compass Minerals International from a “neutral” rating to an “overweight” rating and set a $70.00 price target for the company in a research note on Monday, September 25th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $73.60.

Compass Minerals International, Inc. (NYSE:CMP) traded down $0.95 on Wednesday, reaching $66.50. The company’s stock had a trading volume of 200,700 shares, compared to its average volume of 400,475. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.18 and a current ratio of 2.52. The company has a market capitalization of $2,281.67, a P/E ratio of 27.64 and a beta of 0.49. Compass Minerals International, Inc. has a twelve month low of $59.72 and a twelve month high of $84.40.

Compass Minerals International (NYSE:CMP) last posted its quarterly earnings data on Monday, October 30th. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.20). The firm had revenue of $290.70 million during the quarter, compared to the consensus estimate of $323.76 million. Compass Minerals International had a return on equity of 11.52% and a net margin of 10.72%. Compass Minerals International’s revenue for the quarter was up 61.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.27 EPS. sell-side analysts predict that Compass Minerals International, Inc. will post 2.62 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.72 dividend. The ex-dividend date is Thursday, November 30th. This represents a $2.88 dividend on an annualized basis and a yield of 4.33%. Compass Minerals International’s dividend payout ratio (DPR) is 67.76%.

WARNING: “Lapides Asset Management LLC Has $2.80 Million Stake in Compass Minerals International, Inc. (CMP)” was originally published by Watch List News and is the property of of Watch List News. If you are reading this story on another domain, it was copied illegally and republished in violation of US & international trademark & copyright laws. The legal version of this story can be read at https://www.watchlistnews.com/lapides-asset-management-llc-has-2-80-million-stake-in-compass-minerals-international-inc-cmp/1705267.html.

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.

Want to see what other hedge funds are holding CMP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Compass Minerals International, Inc. (NYSE:CMP).

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

Receive News & Ratings for Compass Minerals International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Compass Minerals International Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.