Compass Minerals International (NYSE:CMP) Shares Gap Up to $40.42

Shares of Compass Minerals International, Inc. (NYSE:CMPGet Rating) gapped up before the market opened on Wednesday . The stock had previously closed at $40.42, but opened at $42.19. Compass Minerals International shares last traded at $39.83, with a volume of 1,043 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Compass Minerals International from a “sell” rating to a “hold” rating in a research report on Thursday, August 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $58.83.

Compass Minerals International Stock Down 0.6 %

The company’s 50 day moving average price is $39.21 and its two-hundred day moving average price is $46.32. The company has a current ratio of 2.53, a quick ratio of 1.11 and a debt-to-equity ratio of 2.94. The stock has a market cap of $1.31 billion, a P/E ratio of -17.72 and a beta of 1.40.

Compass Minerals International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 20th. Shareholders of record on Friday, September 9th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend was Thursday, September 8th. Compass Minerals International’s payout ratio is -27.65%.

Institutional Investors Weigh In On Compass Minerals International

A number of institutional investors have recently added to or reduced their stakes in CMP. Bank of America Corp DE grew its holdings in shares of Compass Minerals International by 4.3% in the fourth quarter. Bank of America Corp DE now owns 110,961 shares of the basic materials company’s stock valued at $5,666,000 after purchasing an additional 4,572 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Compass Minerals International by 20.4% in the fourth quarter. Teacher Retirement System of Texas now owns 6,589 shares of the basic materials company’s stock valued at $337,000 after purchasing an additional 1,115 shares in the last quarter. Citigroup Inc. grew its holdings in shares of Compass Minerals International by 19.7% in the fourth quarter. Citigroup Inc. now owns 77,565 shares of the basic materials company’s stock valued at $3,962,000 after purchasing an additional 12,742 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Compass Minerals International by 0.5% in the fourth quarter. Rhumbline Advisers now owns 93,216 shares of the basic materials company’s stock valued at $4,761,000 after purchasing an additional 498 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in Compass Minerals International by 4.3% during the fourth quarter. Bank of Montreal Can now owns 47,872 shares of the basic materials company’s stock worth $2,497,000 after buying an additional 1,984 shares during the period. 94.22% of the stock is owned by hedge funds and other institutional investors.

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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