Mary L. Frontczak Purchases 1,000 Shares of Compass Minerals International, Inc. (NYSE:CMP) Stock
Compass Minerals International, Inc. (NYSE:CMP – Get Rating) insider Mary L. Frontczak bought 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 15th. The stock was bought at an average price of $37.03 per share, with a total value of $37,030.00. Following the transaction, the insider now directly owns 4,489 shares in the company, valued at $166,227.67. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of NYSE:CMP traded down $4.14 during trading on Thursday, hitting $32.61. 1,103,097 shares of the company were exchanged, compared to its average volume of 433,992. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of -105.13 and a beta of 1.44. Compass Minerals International, Inc. has a fifty-two week low of $31.85 and a fifty-two week high of $75.44. The firm has a fifty day moving average price of $51.37 and a two-hundred day moving average price of $54.18. The company has a current ratio of 2.33, a quick ratio of 1.39 and a debt-to-equity ratio of 3.22.
Compass Minerals International (NYSE:CMP – Get Rating) last posted its earnings results on Thursday, May 5th. The basic materials company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.60). Compass Minerals International had a positive return on equity of 1.42% and a negative net margin of 0.72%. The business had revenue of $448.50 million for the quarter, compared to analyst estimates of $422.32 million. During the same period in the previous year, the firm posted $0.95 earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year. As a group, research analysts predict that Compass Minerals International, Inc. will post 0.25 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 20th. Shareholders of record on Friday, June 10th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Thursday, June 9th. Compass Minerals International’s dividend payout ratio is -193.54%.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Rovin Capital UT ADV grew its holdings in Compass Minerals International by 10.4% in the 1st quarter. Rovin Capital UT ADV now owns 10,515 shares of the basic materials company’s stock valued at $660,000 after buying an additional 993 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in shares of Compass Minerals International by 65.2% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 9,800 shares of the basic materials company’s stock valued at $615,000 after acquiring an additional 3,867 shares during the period. EverSource Wealth Advisors LLC bought a new stake in shares of Compass Minerals International during the 1st quarter valued at $37,000. EP Wealth Advisors LLC bought a new stake in shares of Compass Minerals International during the 1st quarter valued at $225,000. Finally, Auxier Asset Management bought a new stake in shares of Compass Minerals International during the 1st quarter valued at $227,000. 94.99% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have commented on CMP. TheStreet lowered shares of Compass Minerals International from a “c-” rating to a “d+” rating in a research note on Wednesday, May 18th. StockNews.com assumed coverage on Compass Minerals International in a research report on Thursday, March 31st. They issued a “hold” rating for the company. CL King reduced their target price on Compass Minerals International from $67.00 to $52.00 in a research report on Wednesday, May 11th. BMO Capital Markets lifted their price objective on Compass Minerals International from $60.00 to $63.00 and gave the company a “market perform” rating in a report on Monday, April 18th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Compass Minerals International from $73.00 to $55.00 in a research report on Monday, May 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $58.83.
Compass Minerals International Company 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.
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