Compass Minerals International Target of Unusually Large Options Trading (CMP)

Compass Minerals International, Inc. (NYSE:CMP) was the target of unusually large options trading activity on Monday. Traders purchased 3,051 put options on the stock. This represents an increase of approximately 1,096% compared to the average volume of 255 put options.

A number of institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. raised its stake in shares of Compass Minerals International by 6.7% during the second quarter. PNC Financial Services Group Inc. now owns 6,007 shares of the basic materials company’s stock valued at $391,000 after acquiring an additional 379 shares during the last quarter. Thrivent Financial For Lutherans raised its stake in shares of Compass Minerals International by 7.9% during the second quarter. Thrivent Financial For Lutherans now owns 6,820 shares of the basic materials company’s stock valued at $445,000 after acquiring an additional 500 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Compass Minerals International by 1.4% during the second quarter. Vanguard Group Inc. now owns 3,040,104 shares of the basic materials company’s stock valued at $198,519,000 after acquiring an additional 41,002 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of Compass Minerals International by 2.1% during the second quarter. California Public Employees Retirement System now owns 59,700 shares of the basic materials company’s stock valued at $3,898,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in shares of Compass Minerals International by 1.1% during the second quarter. Parametric Portfolio Associates LLC now owns 115,598 shares of the basic materials company’s stock valued at $7,549,000 after acquiring an additional 1,258 shares during the last quarter.

Several analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Compass Minerals International from a “sell” rating to a “hold” rating in a research report on Tuesday. Stifel Nicolaus restated a “buy” rating and issued a $84.00 target price on shares of Compass Minerals International in a research report on Wednesday, November 1st. Finally, TheStreet upgraded shares of Compass Minerals International from a “c+” rating to a “b” rating in a research report on Thursday, November 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $73.60.

Shares of Compass Minerals International (NYSE:CMP) traded down $1.50 during trading on Wednesday, reaching $67.75. 803,666 shares of the company’s stock were exchanged, compared to its average volume of 355,353. Compass Minerals International has a 1 year low of $59.72 and a 1 year high of $80.40. The company has a debt-to-equity ratio of 1.70, a current ratio of 2.52 and a quick ratio of 1.18. The firm has a market capitalization of $2,340.00, a price-to-earnings ratio of 15.52 and a beta of 0.54.

Compass Minerals International (NYSE:CMP) last issued its earnings results on Tuesday, February 13th. The basic materials company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.29. Compass Minerals International had a net margin of 10.72% and a return on equity of 11.52%. The firm had revenue of $457.90 million for the quarter, compared to analyst estimates of $468.52 million. research analysts expect that Compass Minerals International will post 2.56 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a $0.72 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $2.88 dividend on an annualized basis and a yield of 4.25%. Compass Minerals International’s dividend payout ratio is currently 67.76%.

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About Compass Minerals International

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.

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