Compass Minerals International (NYSE:CMP) Sets New 1-Year Low at $13.10

Compass Minerals International, Inc. (NYSE:CMP - Get Free Report)'s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as $13.10 and last traded at $13.26, with a volume of 35536 shares changing hands. The stock had previously closed at $13.72.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CMP. JPMorgan Chase & Co. dropped their price target on Compass Minerals International from $24.00 to $21.00 and set a "neutral" rating on the stock in a research report on Friday, February 9th. Stifel Nicolaus dropped their price target on Compass Minerals International from $75.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday, January 11th. BMO Capital Markets decreased their price objective on Compass Minerals International from $25.00 to $20.00 and set a "market perform" rating for the company in a research note on Tuesday, March 26th. Finally, Loop Capital cut Compass Minerals International from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $29.00 to $26.00 in a research note on Monday, March 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, Compass Minerals International presently has an average rating of "Hold" and an average price target of $34.40.

Compass Minerals International Stock Performance

The company has a debt-to-equity ratio of 1.98, a current ratio of 3.07 and a quick ratio of 1.15. The firm has a fifty day simple moving average of $18.84 and a 200 day simple moving average of $22.51. The company has a market capitalization of $562.02 million, a price-to-earnings ratio of -9.32, a price-to-earnings-growth ratio of 2.16 and a beta of 1.13.

Compass Minerals International (NYSE:CMP - Get Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The basic materials company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.19). Compass Minerals International had a negative net margin of 4.97% and a positive return on equity of 4.56%. The business had revenue of $341.70 million during the quarter, compared to analyst estimates of $352.84 million. Compass Minerals International's quarterly revenue was down 3.0% compared to the same quarter last year. On average, analysts anticipate that Compass Minerals International, Inc. will post 0.11 earnings per share for the current fiscal year.

Compass Minerals International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Monday, March 11th were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.60 annualized dividend and a dividend yield of 4.41%. Compass Minerals International's dividend payout ratio (DPR) is presently -41.10%.

Insider Activity

In related news, Director Joseph E. Reece acquired 5,000 shares of Compass Minerals International stock in a transaction that occurred on Monday, January 22nd. The shares were purchased at an average price of $21.24 per share, for a total transaction of $106,200.00. Following the completion of the transaction, the director now owns 16,000 shares in the company, valued at approximately $339,840. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.52% of the company's stock.

Institutional Investors Weigh In On Compass Minerals International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Peoples Bank KS purchased a new stake in Compass Minerals International in the third quarter valued at $30,000. Allspring Global Investments Holdings LLC raised its position in Compass Minerals International by 156.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,239 shares of the basic materials company's stock valued at $35,000 after purchasing an additional 756 shares during the period. Quarry LP acquired a new stake in shares of Compass Minerals International in the first quarter valued at $39,000. Ulland Investment Advisors LLC acquired a new stake in shares of Compass Minerals International in the third quarter valued at $58,000. Finally, Dark Forest Capital Management LP acquired a new stake in shares of Compass Minerals International in the first quarter valued at $64,000. Hedge funds and other institutional investors own 99.78% of the company's stock.

Compass Minerals International Company Profile

Compass Minerals International, Inc, provides essential minerals in the United States, Canada, the United Kingdom, and internationally. It operates through two segments, Salt and Plant Nutrition. The Salt segment produces, markets, and sells 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 sodium chloride to produce specialty products.