Cadence Capital Management LLC Lifted Holding in Compass Minerals International, Inc. (CMP)

Cadence Capital Management LLC Lifted Holding in Compass Minerals International, Inc. (CMP)

Cadence Capital Management LLC raised its position in shares of Compass Minerals International, Inc. (NYSE:CMP) by 47.2% during the first quarter, Holdings Channel reports. The firm owned 7,642 shares of the basic materials company’s stock after buying an additional 2,451 shares during the period. Cadence Capital Management LLC’s holdings in Compass Minerals International were worth $519,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Asset Management One Co. Ltd. purchased a new stake in Compass Minerals International during the first quarter worth $2,512,000. ProVise Management Group LLC increased its stake in Compass Minerals International by 6.3% in the first quarter. ProVise Management Group LLC now owns 57,383 shares of the basic materials company’s stock worth $3,894,000 after buying an additional 3,381 shares during the last quarter. American International Group Inc. increased its stake in Compass Minerals International by 3.6% in the first quarter. American International Group Inc. now owns 67,564 shares of the basic materials company’s stock worth $4,584,000 after buying an additional 2,360 shares during the last quarter. Cipher Capital LP purchased a new stake in Compass Minerals International during the first quarter worth $215,000. Finally, SG Americas Securities LLC purchased a new stake in Compass Minerals International during the first quarter worth $631,000.

Shares of Compass Minerals International, Inc. (NYSE CMP) traded up 0.23% during mid-day trading on Friday, reaching $65.50. The company’s stock had a trading volume of 258,399 shares. Compass Minerals International, Inc. has a 52-week low of $62.70 and a 52-week high of $84.40. The company has a 50-day moving average price of $66.72 and a 200 day moving average price of $74.09. The company has a market cap of $2.22 billion, a PE ratio of 16.54 and a beta of 0.51.

Compass Minerals International (NYSE:CMP) last posted its quarterly earnings data on Wednesday, May 3rd. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.20. The business had revenue of $387.80 million during the quarter, compared to analyst estimates of $386.97 million. Compass Minerals International had a return on equity of 16.02% and a net margin of 14.30%. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the company earned $1.46 EPS. Equities analysts expect that Compass Minerals International, Inc. will post $3.10 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be paid a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 4.41%. The ex-dividend date is Tuesday, May 30th. Compass Minerals International’s payout ratio is 58.16%.

A number of analysts recently weighed in on CMP shares. Zacks Investment Research downgraded Compass Minerals International from a “hold” rating to a “sell” rating in a research report on Tuesday, March 21st. BMO Capital Markets restated a “hold” rating and issued a $75.00 target price on shares of Compass Minerals International in a research report on Monday, May 15th. Finally, TheStreet downgraded Compass Minerals International from a “b” rating to a “c+” rating in a research report on Wednesday, March 29th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $83.80.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CMP”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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