Compass Minerals International (NYSE:CMP) Reaches New 12-Month Low at $13.10

Compass Minerals International, Inc. (NYSE:CMP)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as $13.10 and last traded at $13.26, with a volume of 35536 shares trading hands. The stock had previously closed at $13.72.

Analysts Set New Price Targets

Several research firms have recently weighed in on CMP. JPMorgan Chase & Co. cut their target price on shares of Compass Minerals International from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, February 9th. Loop Capital lowered shares of 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. Stifel Nicolaus cut 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 report on Thursday, January 11th. Finally, BMO Capital Markets cut their price target on shares of Compass Minerals International from $25.00 to $20.00 and set a “market perform” rating for the company in a report on Tuesday, March 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $34.40.

Compass Minerals International Stock Performance

The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.15 and a current ratio of 3.07. The firm’s 50 day simple moving average is $18.65 and its 200-day simple moving average is $22.44. The company has a market cap of $550.68 million, a price-to-earnings ratio of -9.13, a PEG ratio of 2.07 and a beta of 1.13.

Compass Minerals International (NYSE:CMP) last announced its earnings results on Wednesday, February 7th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.19). The business had revenue of $341.70 million for 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 revenue was down 3.0% on a year-over-year basis. On average, sell-side analysts predict that Compass Minerals International, Inc. will post 0.11 EPS for the current year.

Compass Minerals International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Monday, March 11th were given a dividend of $0.15 per share. The ex-dividend date was Friday, March 8th. This represents a $0.60 annualized dividend and a dividend yield of 4.50%. Compass Minerals International’s payout ratio is -41.10%.

Insider Activity

In other news, Director Joseph E. Reece purchased 5,000 shares of the stock in a transaction dated Monday, January 22nd. The shares were purchased at an average price of $21.24 per share, with a total value of $106,200.00. Following the transaction, the director now owns 16,000 shares in the company, valued at approximately $339,840. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.52% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Wellington Management Group LLP boosted its position in shares of Compass Minerals International by 22.8% during the 3rd quarter. Wellington Management Group LLP now owns 120,642 shares of the basic materials company’s stock valued at $3,372,000 after acquiring an additional 22,439 shares during the last quarter. Nordea Investment Management AB lifted its position in Compass Minerals International by 44.8% in 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 during the last quarter. Algert Global LLC lifted its position in Compass Minerals International by 423.2% in the third quarter. Algert Global LLC now owns 36,507 shares of the basic materials company’s stock valued at $1,020,000 after buying an additional 29,530 shares during the last quarter. First Foundation Advisors acquired a new position in Compass Minerals International in the third quarter valued at about $1,344,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Compass Minerals International by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 515,299 shares of the basic materials company’s stock valued at $14,403,000 after buying an additional 10,039 shares during the last quarter. Institutional investors and hedge funds own 99.78% of the company’s stock.

Compass Minerals International Company Profile

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.