Compass Minerals International, Inc. (NYSE:CMP) Insider Acquires $37,030.00 in Stock

Compass Minerals International, Inc. (NYSE:CMPGet Rating) insider Mary L. Frontczak bought 1,000 shares of the company’s stock in a transaction dated Wednesday, June 15th. The stock was bought at an average cost of $37.03 per share, with a total value of $37,030.00. Following the completion of the transaction, the insider now owns 4,489 shares in the company, valued at approximately $166,227.67. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of CMP opened at $32.61 on Friday. Compass Minerals International, Inc. has a 12-month low of $31.85 and a 12-month high of $75.44. The firm has a fifty day moving average price of $50.78 and a 200-day moving average price of $54.06. The company has a debt-to-equity ratio of 3.22, a current ratio of 2.33 and a quick ratio of 1.39.

Compass Minerals International (NYSE:CMPGet Rating) last released its quarterly earnings results on Thursday, May 5th. The basic materials company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.60). The firm had revenue of $448.50 million for the quarter, compared to analysts’ expectations of $422.32 million. Compass Minerals International had a negative net margin of 0.72% and a positive return on equity of 1.42%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.95 earnings per share. On average, sell-side analysts anticipate that Compass Minerals International, Inc. will post 0.25 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 20th. Stockholders of record on Friday, June 10th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, June 9th. This represents a $0.60 annualized dividend and a dividend yield of 1.84%. Compass Minerals International’s dividend payout ratio (DPR) is currently -193.54%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Tcwp LLC acquired a new position in shares of Compass Minerals International during the first quarter valued at about $27,000. Meeder Asset Management Inc. acquired a new position in shares of Compass Minerals International during the first quarter valued at about $28,000. EverSource Wealth Advisors LLC acquired a new position in shares of Compass Minerals International during the first quarter valued at about $37,000. Pittenger & Anderson Inc. acquired a new position in Compass Minerals International in the 1st quarter worth approximately $38,000. Finally, Ellevest Inc. increased its holdings in Compass Minerals International by 1,673.7% in the 1st quarter. Ellevest Inc. now owns 674 shares of the basic materials company’s stock worth $42,000 after buying an additional 636 shares during the period. Hedge funds and other institutional investors own 94.99% of the company’s stock.

Several research firms have recently commented on CMP. StockNews.com initiated coverage on shares of Compass Minerals International in a research report on Thursday, March 31st. They issued a “hold” rating for the company. BMO Capital Markets raised their price objective on shares of Compass Minerals International from $60.00 to $63.00 and gave the company a “market perform” rating in a research note on Monday, April 18th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Compass Minerals International from $73.00 to $55.00 in a research note on Monday, May 23rd. CL King dropped their price objective on shares of Compass Minerals International from $67.00 to $52.00 in a report on Wednesday, May 11th. Finally, TheStreet downgraded shares of Compass Minerals International from a “c-” rating to a “d+” rating in a report on Wednesday, May 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Compass Minerals International currently has an average rating of “Hold” and a consensus price target of $58.83.

About Compass Minerals International (Get Rating)

Compass Minerals International, Inc, produces and sells essential minerals primarily in the United States, Canada, Brazil, the United Kingdom, and internationally. 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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