Compass Minerals International, Inc. (NYSE:CMP) CFO James D. Standen Buys 2,500 Shares

Compass Minerals International, Inc. (NYSE:CMP) CFO James D. Standen bought 2,500 shares of the company’s stock in a transaction on Wednesday, March 25th. The shares were acquired at an average price of $38.82 per share, with a total value of $97,050.00.

Shares of CMP traded up $0.84 during trading hours on Thursday, reaching $39.66. The stock had a trading volume of 180,177 shares, compared to its average volume of 457,757. The company has a quick ratio of 1.60, a current ratio of 2.65 and a debt-to-equity ratio of 2.58. Compass Minerals International, Inc. has a 52 week low of $36.24 and a 52 week high of $66.14. The firm has a 50-day moving average of $53.72 and a 200 day moving average of $56.25. The company has a market cap of $1.37 billion, a P/E ratio of 22.03 and a beta of 1.32.

Compass Minerals International (NYSE:CMP) last announced its earnings results on Monday, February 10th. The basic materials company reported $1.63 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.88 by ($0.25). The company had revenue of $500.30 million during the quarter, compared to analyst estimates of $521.09 million. Compass Minerals International had a return on equity of 12.93% and a net margin of 4.19%. Compass Minerals International’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.41 earnings per share. As a group, equities analysts expect that Compass Minerals International, Inc. will post 3.37 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 7.26%. The ex-dividend date of this dividend was Friday, February 28th. Compass Minerals International’s payout ratio is presently 150.00%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp boosted its stake in Compass Minerals International by 7.1% in the 4th quarter. State Street Corp now owns 1,822,003 shares of the basic materials company’s stock worth $111,069,000 after purchasing an additional 120,323 shares during the period. Van ECK Associates Corp boosted its stake in shares of Compass Minerals International by 28.1% during the 4th quarter. Van ECK Associates Corp now owns 1,451,495 shares of the basic materials company’s stock worth $88,483,000 after buying an additional 317,968 shares during the last quarter. Cove Street Capital LLC boosted its stake in shares of Compass Minerals International by 13.9% during the 4th quarter. Cove Street Capital LLC now owns 817,330 shares of the basic materials company’s stock worth $49,824,000 after buying an additional 99,577 shares during the last quarter. Bernzott Capital Advisors boosted its stake in shares of Compass Minerals International by 9.3% during the 4th quarter. Bernzott Capital Advisors now owns 674,837 shares of the basic materials company’s stock worth $41,138,000 after buying an additional 57,305 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Compass Minerals International by 5.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 516,628 shares of the basic materials company’s stock worth $31,494,000 after buying an additional 25,957 shares during the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have commented on CMP. TheStreet cut shares of Compass Minerals International from a “b-” rating to a “c” rating in a research report on Friday, March 20th. Credit Suisse Group upped their price objective on shares of Compass Minerals International from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Stifel Nicolaus lowered their price objective on shares of Compass Minerals International from $75.00 to $65.00 and set a “buy” rating for the company in a research report on Tuesday. Stephens lowered their price objective on shares of Compass Minerals International from $73.00 to $70.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Monness Crespi & Hardt upped their price objective on shares of Compass Minerals International from $63.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $64.29.

About Compass Minerals International

Compass Minerals International, Inc, produces and sells salt, and specialty plant nutrition and chemical products primarily in the United States, Canada, Brazil, and the United Kingdom. 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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