Epoch Investment Partners Inc. Sells 190,124 Shares of Compass Minerals International, Inc. (CMP)

Epoch Investment Partners Inc. lowered its position in shares of Compass Minerals International, Inc. (NYSE:CMP) by 34.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 357,156 shares of the basic materials company’s stock after selling 190,124 shares during the period. Epoch Investment Partners Inc. owned 1.06% of Compass Minerals International worth $24,001,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Archford Capital Strategies LLC increased its stake in shares of Compass Minerals International by 39.5% during the second quarter. Archford Capital Strategies LLC now owns 3,058 shares of the basic materials company’s stock worth $201,000 after purchasing an additional 866 shares during the period. Rhumbline Advisers increased its stake in shares of Compass Minerals International by 1.6% during the second quarter. Rhumbline Advisers now owns 61,295 shares of the basic materials company’s stock worth $4,030,000 after purchasing an additional 991 shares during the period. US Bancorp DE increased its stake in shares of Compass Minerals International by 6.3% during the second quarter. US Bancorp DE now owns 18,505 shares of the basic materials company’s stock worth $1,216,000 after purchasing an additional 1,099 shares during the period. American International Group Inc. increased its stake in shares of Compass Minerals International by 1.2% during the third quarter. American International Group Inc. now owns 90,816 shares of the basic materials company’s stock worth $6,103,000 after purchasing an additional 1,110 shares during the period. Finally, Prudential Financial Inc. increased its stake in shares of Compass Minerals International by 5.2% during the third quarter. Prudential Financial Inc. now owns 24,519 shares of the basic materials company’s stock worth $1,648,000 after purchasing an additional 1,210 shares during the period. Institutional investors own 96.31% of the company’s stock.

Compass Minerals International stock opened at $47.88 on Friday. Compass Minerals International, Inc. has a one year low of $45.25 and a one year high of $76.65. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.32 and a current ratio of 2.55. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 22.41 and a beta of 1.08.

Compass Minerals International (NYSE:CMP) last posted its quarterly earnings data on Wednesday, October 31st. The basic materials company reported $0.37 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.03). Compass Minerals International had a return on equity of 12.10% and a net margin of 0.91%. The company had revenue of $322.50 million for the quarter, compared to the consensus estimate of $316.49 million. During the same quarter last year, the business earned $0.65 EPS. Compass Minerals International’s revenue was up 10.9% on a year-over-year basis. Equities research analysts expect that Compass Minerals International, Inc. will post 2.28 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be paid a dividend of $0.72 per share. The ex-dividend date is Friday, November 30th. This represents a $2.88 dividend on an annualized basis and a yield of 6.02%. Compass Minerals International’s dividend payout ratio (DPR) is presently 104.73%.

CMP has been the topic of a number of recent research reports. Monness Crespi & Hardt lowered their target price on Compass Minerals International from $76.00 to $63.00 and set a “buy” rating on the stock in a research note on Friday, November 2nd. ValuEngine upgraded Compass Minerals International from a “sell” rating to a “hold” rating in a research note on Wednesday, September 19th. Zacks Investment Research upgraded Compass Minerals International from a “sell” rating to a “hold” rating in a research note on Friday, October 26th. BMO Capital Markets lowered their price objective on Compass Minerals International from $65.00 to $60.00 and set a “market perform” rating on the stock in a research note on Friday, November 2nd. Finally, Credit Suisse Group upgraded Compass Minerals International from an “underperform” rating to a “neutral” rating and set a $49.00 price objective on the stock in a research note on Tuesday, November 27th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $64.81.

TRADEMARK VIOLATION NOTICE: “Epoch Investment Partners Inc. Sells 190,124 Shares of Compass Minerals International, Inc. (CMP)” was published by American Banking News and is the property of of American Banking News. If you are reading this piece on another domain, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The legal version of this piece can be read at https://www.americanbankingnews.com/2018/12/08/epoch-investment-partners-inc-sells-190124-shares-of-compass-minerals-international-inc-cmp.html.

Compass Minerals International Company Profile

Compass Minerals International, Inc, produces and sells salt, and specialty plant nutrition and chemical products primarily in the United States, Canada, Brazil, and the United Kingdom. It operates in three segments: Salt, Plant Nutrition North America, and Plant Nutrition South America. The Salt segment offers sodium chloride and magnesium chloride, including rock salt, mechanically and solar evaporated salt, and brine and flake magnesium chloride products; and purchases potassium chloride and calcium chloride to sell as finished products or to blend with salt to produce specialty products.

See Also: Dollar Cost Averaging

Want to see what other hedge funds are holding CMP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Compass Minerals International, Inc. (NYSE:CMP).

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

Receive News & Ratings for Compass Minerals International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Compass Minerals International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply