Nationwide Fund Advisors trimmed its holdings in Compass Minerals International, Inc. (NYSE:CMP) by 2.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 172,061 shares of the basic materials company’s stock after selling 4,612 shares during the quarter. Nationwide Fund Advisors owned approximately 0.51% of Compass Minerals International worth $11,167,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bruderman Asset Management LLC acquired a new position in Compass Minerals International in the 2nd quarter valued at $146,000. LS Investment Advisors LLC increased its stake in Compass Minerals International by 20.3% in the 2nd quarter. LS Investment Advisors LLC now owns 2,786 shares of the basic materials company’s stock valued at $182,000 after buying an additional 470 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in Compass Minerals International in the 2nd quarter valued at $206,000. Legg Mason Asset Management Japan Co. Ltd. acquired a new position in Compass Minerals International in the 2nd quarter valued at $229,000. Finally, CFO4Life Group LLC increased its stake in Compass Minerals International by 20.1% in the 2nd quarter. CFO4Life Group LLC now owns 3,593 shares of the basic materials company’s stock valued at $235,000 after buying an additional 602 shares during the period.

CMP has been the topic of several recent research reports. Stifel Nicolaus reissued a “buy” rating and issued a $84.00 price objective on shares of Compass Minerals International in a research note on Thursday, September 21st. BidaskClub raised shares of Compass Minerals International from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 23rd. Monness Crespi & Hardt raised shares of Compass Minerals International from a “neutral” rating to a “buy” rating and set a $76.00 price objective on the stock in a research note on Monday, October 2nd. Zacks Investment Research raised shares of Compass Minerals International from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Finally, J P Morgan Chase & Co raised shares of Compass Minerals International from a “neutral” rating to an “overweight” rating and set a $70.00 price objective on the stock in a research note on Monday, September 25th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Compass Minerals International presently has a consensus rating of “Hold” and an average target price of $73.60.

Shares of Compass Minerals International, Inc. (CMP) opened at $68.75 on Tuesday. The company has a market cap of $2,339.17, a price-to-earnings ratio of 28.34 and a beta of 0.51. Compass Minerals International, Inc. has a 1 year low of $59.72 and a 1 year high of $84.40. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.18 and a current ratio of 2.52.

Compass Minerals International (NYSE:CMP) last issued its earnings results on Monday, October 30th. The basic materials company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.20). The company had revenue of $290.70 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 earnings per share. sell-side analysts predict that Compass Minerals International, Inc. will post 2.62 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.72 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $2.88 annualized dividend and a dividend yield of 4.19%. Compass Minerals International’s payout ratio is currently 67.76%.

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Compass Minerals International 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.

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

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