Acadian Asset Management LLC lifted its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 3,421.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 62,260 shares of the basic materials company’s stock after buying an additional 60,492 shares during the period. Acadian Asset Management LLC’s holdings in CF Industries were worth $3,390,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of CF. Janus Henderson Group PLC grew its holdings in CF Industries by 56.4% during the 2nd quarter. Janus Henderson Group PLC now owns 1,298,152 shares of the basic materials company’s stock valued at $57,638,000 after purchasing an additional 468,073 shares during the last quarter. Zurich Insurance Group Ltd FI grew its holdings in CF Industries by 160.4% during the 2nd quarter. Zurich Insurance Group Ltd FI now owns 106,176 shares of the basic materials company’s stock valued at $4,714,000 after purchasing an additional 65,407 shares during the last quarter. NumerixS Investment Technologies Inc bought a new position in CF Industries during the 2nd quarter valued at about $824,000. Renaissance Technologies LLC grew its holdings in CF Industries by 86.9% during the 2nd quarter. Renaissance Technologies LLC now owns 226,900 shares of the basic materials company’s stock valued at $10,074,000 after purchasing an additional 105,500 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in CF Industries during the 2nd quarter valued at about $127,000. Hedge funds and other institutional investors own 98.77% of the company’s stock.
In other news, Director Stephen A. Furbacher sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $51.43, for a total value of $51,430.00. Following the completion of the sale, the director now owns 53,690 shares of the company’s stock, valued at approximately $2,761,276.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is currently owned by corporate insiders.
CF has been the topic of several analyst reports. TheStreet upgraded shares of CF Industries from a “c+” rating to a “b-” rating in a report on Thursday, September 13th. HSBC raised shares of CF Industries from a “hold” rating to a “buy” rating and set a $36.30 price objective for the company in a research report on Tuesday, August 7th. Scotiabank set a $60.00 price objective on shares of CF Industries and gave the company a “buy” rating in a research report on Monday, October 1st. Zacks Investment Research raised shares of CF Industries from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Thursday, September 6th. Finally, UBS Group boosted their price objective on shares of CF Industries from $58.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday, October 2nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $51.52.
CF Industries stock opened at $52.22 on Friday. CF Industries Holdings, Inc. has a 1 year low of $33.50 and a 1 year high of $56.51. The stock has a market capitalization of $11.92 billion, a price-to-earnings ratio of -208.88, a P/E/G ratio of 5.51 and a beta of 1.09. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.03 and a quick ratio of 1.69.
CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, October 31st. The basic materials company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.02). CF Industries had a return on equity of 3.69% and a net margin of 16.06%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $993.94 million. During the same period in the previous year, the company posted ($0.39) EPS. CF Industries’s revenue for the quarter was up 19.5% on a year-over-year basis. As a group, research analysts expect that CF Industries Holdings, Inc. will post 1.56 earnings per share for the current fiscal year.
CF Industries announced that its Board of Directors has authorized a stock repurchase program on Wednesday, August 1st that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the basic materials company to buy up to 4.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Thursday, November 15th will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 2.30%. CF Industries’s payout ratio is presently -480.00%.
CF Industries Company Profile
CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. The company operates through Ammonia, Granular Urea, UAN, AN, and Other segments. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate.
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