Tdam USA Inc. Boosts Position in Compass Minerals International, Inc. (CMP)

Tdam USA Inc. boosted its stake in shares of Compass Minerals International, Inc. (NYSE:CMP) by 37.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,694 shares of the basic materials company’s stock after buying an additional 5,334 shares during the period. Tdam USA Inc. owned about 0.06% of Compass Minerals International worth $1,286,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of CMP. Sei Investments Co. increased its stake in Compass Minerals International by 32.2% in the second quarter. Sei Investments Co. now owns 8,686 shares of the basic materials company’s stock valued at $567,000 after buying an additional 2,115 shares during the last quarter. Texas Permanent School Fund increased its stake in Compass Minerals International by 0.9% in the second quarter. Texas Permanent School Fund now owns 24,694 shares of the basic materials company’s stock valued at $1,613,000 after buying an additional 226 shares during the last quarter. Cardinal Capital Management increased its stake in Compass Minerals International by 21.9% in the second quarter. Cardinal Capital Management now owns 13,078 shares of the basic materials company’s stock valued at $854,000 after buying an additional 2,346 shares during the last quarter. Kornitzer Capital Management Inc. KS increased its stake in Compass Minerals International by 24.2% in the second quarter. Kornitzer Capital Management Inc. KS now owns 264,310 shares of the basic materials company’s stock valued at $17,259,000 after buying an additional 51,420 shares during the last quarter. Finally, Bbva Compass Bancshares Inc. increased its stake in Compass Minerals International by 53.5% in the second quarter. Bbva Compass Bancshares Inc. now owns 12,317 shares of the basic materials company’s stock valued at $804,000 after buying an additional 4,293 shares during the last quarter.

Compass Minerals International, Inc. (NYSE CMP) traded up 0.16% during trading on Friday, reaching $64.10. The company had a trading volume of 314,351 shares. Compass Minerals International, Inc. has a 1-year low of $62.70 and a 1-year high of $84.40. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of 17.91 and a beta of 0.45. The firm has a 50-day moving average of $66.65 and a 200-day moving average of $68.93.

Compass Minerals International (NYSE:CMP) last announced its quarterly earnings data on Monday, August 7th. The basic materials company reported ($0.19) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by $0.12. Compass Minerals International had a net margin of 9.83% and a return on equity of 10.01%. The business had revenue of $228 million during the quarter, compared to analysts’ expectations of $261.13 million. During the same period in the prior year, the firm posted $0.18 EPS. Compass Minerals International’s revenue for the quarter was up 34.5% compared to the same quarter last year. On average, analysts anticipate that Compass Minerals International, Inc. will post $3.02 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date of this dividend is Wednesday, August 30th. Compass Minerals International’s dividend payout ratio is presently 80.45%.

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Several research firms have weighed in on CMP. BidaskClub downgraded Compass Minerals International from a “sell” rating to a “strong sell” rating in a research note on Thursday. Zacks Investment Research raised Compass Minerals International from a “sell” rating to a “hold” rating in a report on Monday. Credit Suisse Group set a $63.00 price objective on Compass Minerals International and gave the company a “hold” rating in a report on Wednesday, August 9th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $75.00 price objective on shares of Compass Minerals International in a report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $73.50.

Compass Minerals International Company Profile

Compass Minerals International, Inc (CMI) is a provider of essential minerals that solve nature’s challenges, including salt for winter roadway safety and other consumer, industrial and agricultural uses; specialty plant nutrition minerals for the quality and yield of crops, and specialty chemicals for water treatment and other industrial processes.

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

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