American Century Companies Inc. bought a new position in Compass Minerals International, Inc. (NYSE:CMP) during the first quarter, HoldingsChannel.com reports. The fund bought 4,930 shares of the basic materials company’s stock, valued at approximately $297,000.
A number of other institutional investors also recently made changes to their positions in CMP. OppenheimerFunds Inc. raised its holdings in Compass Minerals International by 28.6% in the 4th quarter. OppenheimerFunds Inc. now owns 1,912,663 shares of the basic materials company’s stock worth $138,190,000 after purchasing an additional 425,753 shares during the period. Cooper Creek Partners Management LLC purchased a new stake in Compass Minerals International in the 4th quarter worth $6,814,000. Millennium Management LLC purchased a new stake in Compass Minerals International in the 4th quarter worth $3,572,000. BlackRock Inc. increased its stake in Compass Minerals International by 1.3% in the 4th quarter. BlackRock Inc. now owns 3,608,533 shares of the basic materials company’s stock worth $260,716,000 after buying an additional 47,863 shares in the last quarter. Finally, MetLife Investment Advisors LLC purchased a new stake in Compass Minerals International in the 4th quarter worth $2,700,000.
CMP has been the subject of a number of analyst reports. Stifel Nicolaus cut their price target on Compass Minerals International from $85.00 to $79.00 and set a “buy” rating for the company in a research note on Friday, February 16th. TheStreet lowered Compass Minerals International from a “b” rating to a “c+” rating in a research note on Tuesday, February 13th. Zacks Investment Research upgraded Compass Minerals International from a “sell” rating to a “hold” rating in a research note on Tuesday, February 13th. ValuEngine upgraded Compass Minerals International from a “sell” rating to a “hold” rating in a research note on Tuesday, April 17th. Finally, BMO Capital Markets cut their price target on Compass Minerals International from $75.00 to $70.00 and set a “market perform” rating for the company in a research note on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $71.50.
Compass Minerals International (NYSE:CMP) last issued its quarterly earnings data on Tuesday, May 1st. The basic materials company reported $0.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.28). The firm had revenue of $437.90 million for the quarter, compared to analysts’ expectations of $431.82 million. Compass Minerals International had a net margin of 2.39% and a return on equity of 12.03%. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.63 EPS. analysts expect that Compass Minerals International, Inc. will post 2.92 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be given a dividend of $0.72 per share. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $2.88 dividend on an annualized basis and a dividend yield of 4.40%. Compass Minerals International’s payout ratio is 104.73%.
In other news, insider Francis Joseph Malecha sold 1,572 shares of the firm’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $63.21, for a total transaction of $99,366.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Amy Yoder sold 600 shares of the firm’s stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $69.04, for a total value of $41,424.00. Following the transaction, the director now owns 496 shares of the company’s stock, valued at approximately $34,243.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,829 shares of company stock valued at $182,319. Company insiders own 0.94% of the company’s stock.
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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