Royce & Associates LP boosted its stake in shares of Compass Minerals International, Inc. (NYSE:CMP) by 25.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 335,727 shares of the basic materials company’s stock after buying an additional 67,301 shares during the period. Royce & Associates LP owned about 0.99% of Compass Minerals International worth $21,923,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Elkfork Partners LLC raised its stake in Compass Minerals International by 26.8% in the first quarter. Elkfork Partners LLC now owns 1,562 shares of the basic materials company’s stock valued at $106,000 after buying an additional 330 shares during the last quarter. Meadow Creek Investment Management LLC increased its stake in Compass Minerals International by 26.8% in the first quarter. Meadow Creek Investment Management LLC now owns 1,988 shares of the basic materials company’s stock valued at $135,000 after buying an additional 420 shares during the period. Glen Harbor Capital Management LLC increased its stake in 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 valued at $164,000 after buying an additional 510 shares during the period. NEXT Financial Group Inc increased its stake in Compass Minerals International by 122.2% in the first quarter. NEXT Financial Group Inc now owns 2,666 shares of the basic materials company’s stock valued at $176,000 after buying an additional 1,466 shares during the period. Finally, Archford Capital Strategies LLC increased its stake in Compass Minerals International by 42.4% in the first quarter. Archford Capital Strategies LLC now owns 2,612 shares of the basic materials company’s stock valued at $177,000 after buying an additional 778 shares during the period.

Shares of Compass Minerals International, Inc. (NYSE:CMP) opened at 68.20 on Tuesday. The company has a 50-day moving average of $66.71 and a 200 day moving average of $68.36. The firm has a market cap of $2.31 billion, a P/E ratio of 19.06 and a beta of 0.45. Compass Minerals International, Inc. has a 12-month low of $62.70 and a 12-month high of $84.40.

Compass Minerals International (NYSE:CMP) last issued its quarterly earnings data 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 return on equity of 10.01% and a net margin of 9.83%. The firm had revenue of $228 million during the quarter, compared to analyst estimates of $261.13 million. During the same quarter in the previous year, the firm posted $0.18 earnings per share. Compass Minerals International’s quarterly revenue was up 34.5% compared to the same quarter last year. Equities research analysts anticipate that Compass Minerals International, Inc. will post $3.02 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date of this dividend is Wednesday, August 30th. Compass Minerals International’s payout ratio is 80.45%.

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Several analysts recently weighed in on CMP shares. Zacks Investment Research upgraded shares of Compass Minerals International from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. BidaskClub upgraded shares of Compass Minerals International from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. BMO Capital Markets reiterated a “hold” rating and issued a $75.00 target price on shares of Compass Minerals International in a report on Friday, May 5th. Finally, Credit Suisse Group set a $63.00 target price 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 issued a hold rating to the company. The company presently has an average rating of “Hold” and a consensus 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.

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

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