Perkins Investment Management Lowers stake in Compass Minerals International (CMP)

Compass Minerals International (CMP) : Perkins Investment Management reduced its stake in Compass Minerals International by 3.22% during the most recent quarter end. The investment management company now holds a total of 2,003,557 shares of Compass Minerals International which is valued at $150,867,842 after selling 66,672 shares in Compass Minerals International , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Compass Minerals International makes up approximately 2.15% of Perkins Investment Management’s portfolio.

Other Hedge Funds, Including , Dean Capital Management sold out all of its stake in CMP during the most recent quarter. The investment firm sold 11,908 shares of CMP which is valued $904,413.Argent Trust Co boosted its stake in CMP in the latest quarter, The investment management firm added 119 additional shares and now holds a total of 5,847 shares of Compass Minerals International which is valued at $433,555. Compass Minerals International makes up approx 0.19% of Argent Trust Co’s portfolio.Victory Capital Management Inc boosted its stake in CMP in the latest quarter, The investment management firm added 664,763 additional shares and now holds a total of 1,019,757 shares of Compass Minerals International which is valued at $74,034,358. Compass Minerals International makes up approx 0.22% of Victory Capital Management Inc’s portfolio.

Compass Minerals International opened for trading at $75.55 and hit $76.6 on the upside on Monday, eventually ending the session at $76.2, with a gain of 0.46% or 0.35 points. The heightened volatility saw the trading volume jump to 1,45,682 shares. Company has a market cap of $2,575 M.

On the company’s financial health, Compass Minerals International reported $0.27 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Oct 24, 2016. Analyst had a consensus of $0.31. The company had revenue of $179.60 million for the quarter, compared to analysts expectations of $207.09 million. The company’s revenue was down -22.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.80 EPS.

Investors should note that on Nov 9, 2016, Compass Minerals International announced a cash dividend of $0.6950. The company’s management has announced Nov 29, 2016 as the ex-dividend date and fixed the record date on Dec 1, 2016. The payable date has been fixed on Dec 15, 2016.

Many Wall Street Analysts have commented on Compass Minerals International. Compass Minerals International was Upgraded by Monness Crespi & Hardt to ” Neutral” on Oct 26, 2016. Company shares were Reiterated by Monness Crespi & Hardt on Oct 5, 2016 to “Sell”, Firm has raised the Price Target to $ 63 from a previous price target of $60 .

Compass Minerals International Inc. (CMP) is a holding company. The Company is a producer and marketer of essential minerals including salt sulfate of potash specialty fertilizer (SOP) and magnesium chloride. The Company operates through two segments: salt and plant nutrition. The salt segment produces and markets salt and magnesium chloride for use in road deicing and dust control food processing water softeners and agricultural and industrial applications. SOP crop nutrients industrial-grade SOP magnesium chloride for agricultural purposes and other plant nutrients are produced and marketed through the plant nutrition segment. As of December 31 2014 the Company operated 12 production and packaging facilities including the largest rock salt mine in the world in Goderich Ontario Canada and the largest rock salt mine in the United Kingdom in Winsford Cheshire.

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