Advisor Consultant Network Inc. Purchases New Stake in Compass Minerals International Inc. (CMP)
Advisor Consultant Network Inc. purchased a new stake in Compass Minerals International Inc. (NYSE:CMP) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 113,544 shares of the company’s stock, valued at approximately $8,368,000. Compass Minerals International accounts for approximately 1.2% of Advisor Consultant Network Inc.’s investment portfolio, making the stock its 25th largest position.
A number of other hedge funds and other institutional investors also recently modified their holdings of CMP. Americafirst Capital Management LLC bought a new position in shares of Compass Minerals International during the second quarter valued at about $108,000. Pacad Investment Ltd. bought a new position in shares of Compass Minerals International during the second quarter valued at about $148,000. LS Investment Advisors LLC increased its position in shares of Compass Minerals International by 76.4% in the second quarter. LS Investment Advisors LLC now owns 2,050 shares of the company’s stock valued at $152,000 after buying an additional 888 shares during the period. IFP Advisors Inc increased its position in shares of Compass Minerals International by 53.4% in the second quarter. IFP Advisors Inc now owns 2,494 shares of the company’s stock valued at $185,000 after buying an additional 868 shares during the period. Finally, Highbridge Capital Management LLC bought a new position in shares of Compass Minerals International during the second quarter valued at about $210,000.
Shares of Compass Minerals International Inc. (NYSE:CMP) traded down 0.19% during mid-day trading on Wednesday, hitting $77.85. The stock had a trading volume of 77,217 shares. The stock’s 50-day moving average is $73.93 and its 200-day moving average is $74.26. The firm has a market capitalization of $2.63 billion, a PE ratio of 21.40 and a beta of 0.49. Compass Minerals International Inc. has a 1-year low of $66.30 and a 1-year high of $85.20.
Compass Minerals International (NYSE:CMP) last announced its quarterly earnings results on Monday, October 24th. The company reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.01. Compass Minerals International had a net margin of 12.55% and a return on equity of 18.34%. The firm had revenue of $179.60 million for the quarter, compared to analyst estimates of $207.25 million. During the same period in the previous year, the business posted $0.80 earnings per share. The business’s revenue for the quarter was down 22.8% compared to the same quarter last year. Equities analysts expect that Compass Minerals International Inc. will post $2.95 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be paid a dividend of $0.695 per share. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend is Tuesday, November 29th. Compass Minerals International’s payout ratio is 76.58%.
Several research analysts recently issued reports on the stock. TheStreet upgraded shares of Compass Minerals International from a “hold” rating to a “buy” rating in a research report on Monday, November 21st. Monness Crespi & Hardt upgraded shares of Compass Minerals International from a “sell” rating to a “neutral” rating in a research report on Wednesday, October 26th. Finally, Zacks Investment Research upgraded shares of Compass Minerals International from a “sell” rating to a “hold” rating in a research report on Tuesday, September 27th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Compass Minerals International currently has a consensus rating of “Hold” and a consensus price target of $76.25.
Compass Minerals International Company Profile
Compass Minerals International, Inc is a holding company. The Company, through its subsidiaries, is engaged in producing and marketing essential minerals, including salt, sulfate of potash (SOP) specialty fertilizer, magnesium chloride and micronutrients. It operates through two segments, which include salt and plant nutrition.
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