Insider Selling: Compass Minerals International CFO Sells 8,453 Shares of Stock (CMP)
Compass Minerals International (NYSE:CMP) CFO Rodney L. Underdown sold 8,453 shares of Compass Minerals International stock on the open market in a transaction dated Thursday, August 7th. The stock was sold at an average price of $86.90, for a total value of $734,565.70. Following the sale, the chief financial officer now directly owns 31,429 shares of the company’s stock, valued at approximately $2,731,180. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Compass Minerals International (NYSE:CMP) traded down 1.11% during mid-day trading on Friday, hitting $86.06. 219,262 shares of the company’s stock traded hands. Compass Minerals International has a 52 week low of $70.54 and a 52 week high of $97.50. The stock has a 50-day moving average of $92.5 and a 200-day moving average of $88.04. The company has a market cap of $2.889 billion and a price-to-earnings ratio of 23.80.
Compass Minerals International (NYSE:CMP) last announced its earnings results on Monday, July 28th. The company reported $0.13 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.28 by $0.15. The company had revenue of $186.60 million for the quarter, compared to the consensus estimate of $194.13 million. During the same quarter in the prior year, the company posted $0.31 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. On average, analysts predict that Compass Minerals International will post $4.48 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 12th. Investors of record on Friday, August 29th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Wednesday, August 27th.
A number of research firms have recently commented on CMP. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Compass Minerals International in a research note on Tuesday, July 29th. They now have a $100.00 price target on the stock, up previously from $99.00. Separately, analysts at BMO Capital Markets raised their price target on shares of Compass Minerals International from $79.00 to $87.00 in a research note on Thursday, June 5th. They now have a “market perform” rating on the stock. Finally, analysts at Ned Davis Research upgraded shares of Compass Minerals International from a “neutral” rating to a “buy” rating in a research note on Monday, May 12th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $93.17.
Compass Minerals International, Inc (NYSE:CMP) is a producer of minerals, including salt, sulfate of potash specialty fertilizer (SOP) and magnesium chloride.
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