Texas Permanent School Fund Grows Holdings in Compass Minerals International, Inc. (NYSE:CMP)

Texas Permanent School Fund grew its holdings in Compass Minerals International, Inc. (NYSE:CMPGet Rating) by 2.0% during the second quarter, HoldingsChannel.com reports. The firm owned 24,623 shares of the basic materials company’s stock after acquiring an additional 472 shares during the quarter. Texas Permanent School Fund’s holdings in Compass Minerals International were worth $871,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Compass Minerals International by 43.0% during the first quarter. BlackRock Inc. now owns 5,518,500 shares of the basic materials company’s stock valued at $346,506,000 after buying an additional 1,660,353 shares during the period. State Street Corp increased its stake in shares of Compass Minerals International by 38.9% during the first quarter. State Street Corp now owns 2,603,210 shares of the basic materials company’s stock valued at $163,456,000 after buying an additional 728,597 shares during the period. Vanguard Group Inc. increased its stake in shares of Compass Minerals International by 11.0% during the first quarter. Vanguard Group Inc. now owns 3,817,935 shares of the basic materials company’s stock valued at $239,729,000 after buying an additional 379,107 shares during the period. Peregrine Capital Management LLC purchased a new position in Compass Minerals International in the second quarter valued at about $8,739,000. Finally, Thompson Siegel & Walmsley LLC grew its stake in Compass Minerals International by 62.7% in the second quarter. Thompson Siegel & Walmsley LLC now owns 463,114 shares of the basic materials company’s stock valued at $16,390,000 after purchasing an additional 178,520 shares during the last quarter. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Compass Minerals International Price Performance

CMP opened at $40.56 on Monday. The business’s 50-day moving average is $40.07 and its two-hundred day moving average is $39.73. Compass Minerals International, Inc. has a 1 year low of $30.67 and a 1 year high of $67.67. The company has a debt-to-equity ratio of 2.94, a current ratio of 2.53 and a quick ratio of 1.11. The firm has a market capitalization of $1.39 billion, a PE ratio of -18.69 and a beta of 1.31.

Compass Minerals International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 20th. Shareholders of record on Friday, December 9th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Thursday, December 8th. Compass Minerals International’s dividend payout ratio is presently -27.65%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Compass Minerals International in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $54.60.

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

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