Compass Minerals International, Inc. (NYSE:CMP) Position Lessened by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. trimmed its position in shares of Compass Minerals International, Inc. (NYSE:CMPGet Rating) by 7.6% in the 1st quarter, Holdings Channel.com reports. The fund owned 43,057 shares of the basic materials company’s stock after selling 3,543 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Compass Minerals International were worth $2,703,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Exchange Capital Management Inc. increased its position in Compass Minerals International by 0.5% during the first quarter. Exchange Capital Management Inc. now owns 38,036 shares of the basic materials company’s stock worth $2,388,000 after buying an additional 188 shares during the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI increased its position in Compass Minerals International by 0.5% during the first quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 65,751 shares of the basic materials company’s stock worth $4,129,000 after buying an additional 312 shares during the last quarter. Teacher Retirement System of Texas increased its position in Compass Minerals International by 6.3% during the first quarter. Teacher Retirement System of Texas now owns 7,007 shares of the basic materials company’s stock worth $440,000 after buying an additional 418 shares during the last quarter. Tcwp LLC acquired a new position in Compass Minerals International during the first quarter worth $27,000. Finally, Meeder Asset Management Inc. acquired a new position in Compass Minerals International during the first quarter worth $28,000. 94.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CMP shares. StockNews.com raised shares of Compass Minerals International from a “sell” rating to a “hold” rating in a research report on Thursday, August 11th. TheStreet downgraded shares of Compass Minerals International from a “c-” rating to a “d+” rating in a research report on Wednesday, May 18th. CL King lowered their price target on Compass Minerals International from $67.00 to $52.00 in a research report on Wednesday, May 11th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Compass Minerals International from $73.00 to $55.00 in a research report on Monday, May 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $58.83.

Compass Minerals International Stock Down 1.6 %

Shares of NYSE:CMP opened at $39.14 on Tuesday. The stock’s 50-day moving average is $37.33 and its 200-day moving average is $48.21. Compass Minerals International, Inc. has a 52-week low of $30.67 and a 52-week high of $75.44. The company has a quick ratio of 1.11, a current ratio of 2.53 and a debt-to-equity ratio of 2.94.

Compass Minerals International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 20th. Investors of record on Friday, September 9th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Thursday, September 8th. Compass Minerals International’s payout ratio is presently -27.65%.

Insider Activity at Compass Minerals International

In related news, CEO Kevin S. Crutchfield bought 1,450 shares of Compass Minerals International stock in a transaction that occurred on Friday, June 17th. The stock was acquired at an average price of $34.21 per share, for a total transaction of $49,604.50. Following the completion of the purchase, the chief executive officer now owns 51,745 shares in the company, valued at $1,770,196.45. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Compass Minerals International news, insider Mary L. Frontczak purchased 1,000 shares of the business’s stock in a transaction on Wednesday, June 15th. The stock was purchased at an average price of $37.03 per share, for a total transaction of $37,030.00. Following the completion of the purchase, the insider now directly owns 4,489 shares in the company, valued at $166,227.67. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Kevin S. Crutchfield purchased 1,450 shares of the business’s stock in a transaction on Friday, June 17th. The shares were acquired at an average price of $34.21 per share, with a total value of $49,604.50. Following the purchase, the chief executive officer now owns 51,745 shares of the company’s stock, valued at $1,770,196.45. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 8,780 shares of company stock worth $303,533. Company insiders own 1.05% of the company’s stock.

Compass Minerals International Profile

(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.

See Also

Want to see what other hedge funds are holding CMP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Compass Minerals International, Inc. (NYSE:CMPGet Rating).

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

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