Arizona State Retirement System boosted its position in Compass Minerals International, Inc. (NYSE:CMP) by 27.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,349 shares of the basic materials company’s stock after purchasing an additional 5,227 shares during the quarter. Arizona State Retirement System owned about 0.07% of Compass Minerals International worth $1,759,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC bought a new stake in shares of Compass Minerals International during the 4th quarter valued at $103,000. First PREMIER Bank bought a new stake in shares of Compass Minerals International during the 4th quarter valued at $115,000. Verity Asset Management Inc. bought a new stake in shares of Compass Minerals International during the 4th quarter valued at $205,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Compass Minerals International during the 2nd quarter valued at $206,000. Finally, National Planning Corp bought a new stake in shares of Compass Minerals International during the 3rd quarter valued at $208,000.
Compass Minerals International, Inc. (CMP) opened at $62.95 on Tuesday. The company has a current ratio of 2.75, a quick ratio of 1.67 and a debt-to-equity ratio of 1.92. Compass Minerals International, Inc. has a fifty-two week low of $56.50 and a fifty-two week high of $76.65. The company has a market capitalization of $2,130.00, a price-to-earnings ratio of 23.94 and a beta of 0.69.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be issued a dividend of $0.72 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 4.58%. Compass Minerals International’s dividend payout ratio (DPR) is currently 109.51%.
A number of research firms have recently weighed in on CMP. Credit Suisse Group downgraded Compass Minerals International from a “neutral” rating to an “underperform” rating and upped their target price for the company from $59.72 to $60.00 in a research report on Wednesday, February 14th. ValuEngine downgraded Compass Minerals International from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Zacks Investment Research upgraded Compass Minerals International from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. BMO Capital Markets cut their target price on Compass Minerals International from $75.00 to $70.00 and set a “market perform” rating for the company in a research report on Thursday, February 15th. Finally, TheStreet cut Compass Minerals International from a “b” rating to a “c+” rating in a report on Tuesday, February 13th. Four research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Compass Minerals International has a consensus rating of “Hold” and an average price target of $71.00.
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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.
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