Edgemoor Investment Advisors Inc. Takes Position in Compass Minerals International, Inc. (CMP)

Edgemoor Investment Advisors Inc. bought a new stake in Compass Minerals International, Inc. (NYSE:CMP) during the first quarter, HoldingsChannel.com reports. The fund bought 49,535 shares of the basic materials company’s stock, valued at approximately $2,693,000.

A number of other institutional investors have also recently made changes to their positions in CMP. BlackRock Inc. grew its stake in Compass Minerals International by 0.9% in the fourth quarter. BlackRock Inc. now owns 3,922,568 shares of the basic materials company’s stock valued at $163,532,000 after purchasing an additional 33,948 shares in the last quarter. Deprince Race & Zollo Inc. grew its stake in Compass Minerals International by 23.6% in the fourth quarter. Deprince Race & Zollo Inc. now owns 1,230,684 shares of the basic materials company’s stock valued at $51,307,000 after purchasing an additional 234,982 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Compass Minerals International by 22.6% in the fourth quarter. Bank of New York Mellon Corp now owns 1,123,458 shares of the basic materials company’s stock valued at $46,838,000 after purchasing an additional 207,072 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Compass Minerals International by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 935,385 shares of the basic materials company’s stock valued at $38,996,000 after purchasing an additional 45,945 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in Compass Minerals International by 31.5% in the fourth quarter. Van ECK Associates Corp now owns 799,795 shares of the basic materials company’s stock valued at $33,343,000 after purchasing an additional 191,418 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE CMP opened at $53.31 on Tuesday. The company has a quick ratio of 1.37, a current ratio of 2.16 and a debt-to-equity ratio of 2.27. Compass Minerals International, Inc. has a 12 month low of $38.19 and a 12 month high of $70.40. The company has a market cap of $1.84 billion, a PE ratio of 27.62 and a beta of 1.36.



Compass Minerals International (NYSE:CMP) last issued its earnings results on Tuesday, April 30th. The basic materials company reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.21. Compass Minerals International had a return on equity of 11.26% and a net margin of 4.37%. The company had revenue of $403.70 million during the quarter, compared to the consensus estimate of $417.50 million. During the same period in the previous year, the company posted $0.37 EPS. The firm’s revenue for the quarter was down 7.8% compared to the same quarter last year. On average, research analysts expect that Compass Minerals International, Inc. will post 2.55 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.72 per share. The ex-dividend date is Thursday, May 30th. This represents a $2.88 annualized dividend and a dividend yield of 5.40%. Compass Minerals International’s dividend payout ratio is currently 149.22%.

In other Compass Minerals International news, CFO James D. Standen bought 692 shares of Compass Minerals International stock in a transaction dated Monday, May 13th. The stock was bought at an average cost of $52.05 per share, for a total transaction of $36,018.60. Following the purchase, the chief financial officer now owns 3,000 shares of the company’s stock, valued at approximately $156,150. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Richard S. Grant bought 2,000 shares of Compass Minerals International stock in a transaction dated Thursday, March 28th. The shares were acquired at an average price of $52.54 per share, with a total value of $105,080.00. Following the completion of the purchase, the chairman now directly owns 25,194 shares in the company, valued at approximately $1,323,692.76. The disclosure for this purchase can be found here. Insiders have bought a total of 4,697 shares of company stock valued at $247,613 over the last quarter. 0.60% of the stock is currently owned by corporate insiders.

A number of research analysts have weighed in on the company. BMO Capital Markets set a $60.00 price target on Compass Minerals International and gave the company a “hold” rating in a research note on Thursday, May 2nd. Zacks Investment Research upgraded Compass Minerals International from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 13th. Finally, ValuEngine upgraded Compass Minerals International from a “sell” rating to a “hold” rating in a research note on Friday, February 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Compass Minerals International has an average rating of “Hold” and an average price target of $59.02.

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

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