Compass Minerals International (NYSE:CMP) Shares Gap Up to $39.31

Compass Minerals International, Inc. (NYSE:CMPGet Rating)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $39.31, but opened at $41.50. Compass Minerals International shares last traded at $40.25, with a volume of 7,309 shares.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Compass Minerals International from $73.00 to $55.00 in a report on Monday, May 23rd. StockNews.com upgraded shares of Compass Minerals International from a “sell” rating to a “hold” rating in a report on Thursday, August 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $58.83.

Compass Minerals International Stock Down 4.7 %

The company has a quick ratio of 1.11, a current ratio of 2.53 and a debt-to-equity ratio of 2.94. The company’s fifty day simple moving average is $38.47 and its 200 day simple moving average is $47.01. The firm has a market capitalization of $1.35 billion, a PE ratio of -18.16 and a beta of 1.40.

Compass Minerals International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 20th. Shareholders of record on Friday, September 9th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend is Thursday, September 8th. Compass Minerals International’s dividend payout ratio is -27.65%.

Hedge Funds Weigh In On Compass Minerals International

Institutional investors and hedge funds have recently made changes to their positions in the business. Exchange Capital Management Inc. grew its position in Compass Minerals International by 0.5% in the 1st quarter. Exchange Capital Management Inc. now owns 38,036 shares of the basic materials company’s stock worth $2,388,000 after purchasing an additional 188 shares during the period. Maryland State Retirement & Pension System grew its position in Compass Minerals International by 2.0% in the 2nd quarter. Maryland State Retirement & Pension System now owns 13,932 shares of the basic materials company’s stock worth $493,000 after purchasing an additional 272 shares during the period. Private Advisor Group LLC grew its position in Compass Minerals International by 2.7% in the 1st quarter. Private Advisor Group LLC now owns 10,615 shares of the basic materials company’s stock worth $667,000 after purchasing an additional 284 shares during the period. Insight Folios Inc boosted its stake in shares of Compass Minerals International by 3.7% during the 2nd quarter. Insight Folios Inc now owns 8,663 shares of the basic materials company’s stock worth $307,000 after acquiring an additional 310 shares during the last quarter. Finally, Schaper Benz & Wise Investment Counsel Inc. WI boosted its stake in shares of Compass Minerals International by 0.5% during the 1st 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 acquiring an additional 312 shares during the last quarter. Institutional investors own 94.22% of the company’s stock.

About Compass Minerals International

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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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