Crossmark Global Holdings Inc. bought a new stake in shares of Compass Minerals International, Inc. (NYSE:CMP) in the second quarter, Holdings Channel reports. The fund bought 3,206 shares of the basic materials company’s stock, valued at approximately $211,000.
Several other institutional investors and hedge funds also recently modified their holdings of CMP. Millennium Management LLC acquired a new stake in Compass Minerals International in the 4th quarter valued at approximately $3,572,000. Cobblestone Capital Advisors LLC NY acquired a new stake in Compass Minerals International in the 1st quarter valued at approximately $256,000. Dynamic Advisor Solutions LLC increased its position in Compass Minerals International by 9.2% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 29,434 shares of the basic materials company’s stock valued at $1,775,000 after acquiring an additional 2,469 shares during the period. Oppenheimer & Co. Inc. increased its position in Compass Minerals International by 42.8% in the 1st quarter. Oppenheimer & Co. Inc. now owns 19,681 shares of the basic materials company’s stock valued at $1,187,000 after acquiring an additional 5,899 shares during the period. Finally, Comerica Bank increased its position in Compass Minerals International by 16.2% in the 1st quarter. Comerica Bank now owns 110,894 shares of the basic materials company’s stock valued at $7,469,000 after acquiring an additional 15,449 shares during the period.
Shares of NYSE CMP opened at $61.85 on Wednesday. The company has a debt-to-equity ratio of 2.28, a current ratio of 2.66 and a quick ratio of 1.46. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 22.49 and a beta of 0.71. Compass Minerals International, Inc. has a 1 year low of $56.50 and a 1 year high of $76.65.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 17th. Shareholders of record on Friday, August 31st will be paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date of this dividend is Thursday, August 30th. Compass Minerals International’s payout ratio is currently 104.73%.
Several analysts recently commented on CMP shares. ValuEngine upgraded Compass Minerals International from a “sell” rating to a “hold” rating in a research report on Tuesday, April 17th. Zacks Investment Research upgraded Compass Minerals International from a “sell” rating to a “hold” rating in a research report on Thursday, May 3rd. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. Compass Minerals International currently has a consensus rating of “Hold” and an average price target of $71.50.
Compass Minerals International 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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