Compass Minerals International, Inc. (NYSE:CMP) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP boosted its stake in Compass Minerals International, Inc. (NYSE:CMPFree Report) by 22.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 120,642 shares of the basic materials company’s stock after buying an additional 22,439 shares during the period. Wellington Management Group LLP’s holdings in Compass Minerals International were worth $3,372,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Nordea Investment Management AB raised its stake in Compass Minerals International by 44.8% during the third quarter. Nordea Investment Management AB now owns 131,497 shares of the basic materials company’s stock valued at $3,662,000 after buying an additional 40,676 shares in the last quarter. Algert Global LLC lifted its stake in Compass Minerals International by 423.2% during the third quarter. Algert Global LLC now owns 36,507 shares of the basic materials company’s stock worth $1,020,000 after purchasing an additional 29,530 shares during the last quarter. First Foundation Advisors acquired a new position in Compass Minerals International in the third quarter worth $1,344,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Compass Minerals International by 2.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 515,299 shares of the basic materials company’s stock worth $14,403,000 after purchasing an additional 10,039 shares during the period. Finally, Shapiro Capital Management LLC lifted its position in shares of Compass Minerals International by 17.9% in the 3rd quarter. Shapiro Capital Management LLC now owns 1,278,722 shares of the basic materials company’s stock worth $35,740,000 after buying an additional 193,725 shares during the last quarter. 99.78% of the stock is currently owned by institutional investors.

Insider Activity at Compass Minerals International

In other news, Director Joseph E. Reece bought 5,000 shares of the business’s stock in a transaction on Monday, January 22nd. The stock was purchased at an average cost of $21.24 per share, for a total transaction of $106,200.00. Following the completion of the transaction, the director now directly owns 16,000 shares of the company’s stock, valued at approximately $339,840. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.52% of the company’s stock.

Compass Minerals International Trading Down 5.9 %

Shares of CMP stock opened at $13.70 on Wednesday. Compass Minerals International, Inc. has a 1 year low of $13.60 and a 1 year high of $39.78. The firm has a market capitalization of $565.74 million, a PE ratio of -9.38, a price-to-earnings-growth ratio of 1.00 and a beta of 1.17. The stock has a fifty day moving average of $21.08 and a two-hundred day moving average of $23.92. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.15 and a current ratio of 3.07.

Compass Minerals International (NYSE:CMPGet Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The basic materials company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.19). The company had revenue of $341.70 million during the quarter, compared to analyst estimates of $352.84 million. Compass Minerals International had a positive return on equity of 4.56% and a negative net margin of 4.97%. The firm’s quarterly revenue was down 3.0% compared to the same quarter last year. As a group, research analysts expect that Compass Minerals International, Inc. will post 0.3 EPS for the current year.

Compass Minerals International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Monday, March 11th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.38%. The ex-dividend date was Friday, March 8th. Compass Minerals International’s dividend payout ratio (DPR) is presently -41.10%.

Analyst Ratings Changes

CMP has been the topic of several research reports. BMO Capital Markets dropped their price objective on shares of Compass Minerals International from $25.00 to $20.00 and set a “market perform” rating on the stock in a research note on Tuesday. Loop Capital downgraded Compass Minerals International from a “buy” rating to a “hold” rating and cut their price target for the stock from $29.00 to $26.00 in a report on Monday, March 4th. JPMorgan Chase & Co. cut their target price on Compass Minerals International from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, February 9th. Finally, Stifel Nicolaus lowered their price target on shares of Compass Minerals International from $75.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $34.40.

Get Our Latest Stock Report on Compass Minerals International

Compass Minerals International Company Profile

(Free Report)

Compass Minerals International, Inc, provides essential minerals in the United States, Canada, the United Kingdom, and internationally. It operates through two segments, Salt and Plant Nutrition. The Salt segment produces, markets, and sells 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 sodium chloride to produce specialty products.

Further Reading

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

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