Great West Life Assurance Co. Can lessened its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 9.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 171,809 shares of the basic materials company’s stock after selling 17,084 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.07% of CF Industries worth $9,358,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its holdings in shares of CF Industries by 9.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 8,585,764 shares of the basic materials company’s stock valued at $467,409,000 after purchasing an additional 757,473 shares during the last quarter. PointState Capital LP purchased a new position in CF Industries in the 2nd quarter worth $23,703,000. JPMorgan Chase & Co. raised its stake in CF Industries by 35.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,931,876 shares of the basic materials company’s stock worth $105,172,000 after acquiring an additional 502,919 shares during the last quarter. Janus Henderson Group PLC raised its stake in CF Industries by 56.4% in the 2nd quarter. Janus Henderson Group PLC now owns 1,298,152 shares of the basic materials company’s stock worth $57,638,000 after acquiring an additional 468,073 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in CF Industries by 2,613.2% in the 2nd quarter. First Trust Advisors LP now owns 453,297 shares of the basic materials company’s stock worth $20,126,000 after acquiring an additional 436,590 shares during the last quarter. 95.83% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Stephen A. Furbacher sold 3,500 shares of the firm’s stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $52.45, for a total transaction of $183,575.00. Following the sale, the director now directly owns 50,190 shares in the company, valued at approximately $2,632,465.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.00% of the company’s stock.
NYSE CF opened at $41.03 on Friday. The stock has a market cap of $9.59 billion, a price-to-earnings ratio of 41.15, a P/E/G ratio of 4.29 and a beta of 1.06. CF Industries Holdings, Inc. has a fifty-two week low of $35.70 and a fifty-two week high of $56.51. The company has a quick ratio of 1.69, a current ratio of 2.03 and a debt-to-equity ratio of 0.76.
CF Industries (NYSE:CF) last released its quarterly earnings data on Wednesday, October 31st. The basic materials company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.02). The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $993.94 million. CF Industries had a net margin of 16.06% and a return on equity of 3.69%. The business’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.39) EPS. Analysts forecast that CF Industries Holdings, Inc. will post 1.62 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Thursday, November 15th were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.92%. CF Industries’s payout ratio is currently -480.00%.
A number of equities analysts recently issued reports on the company. Zacks Investment Research lowered CF Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. Barclays assumed coverage on CF Industries in a research note on Tuesday, September 4th. They issued an “equal weight” rating and a $55.00 target price for the company. ValuEngine lowered CF Industries from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 15th. TheStreet upgraded CF Industries from a “c+” rating to a “b-” rating in a research note on Thursday, September 13th. Finally, Morgan Stanley raised their target price on CF Industries from $37.00 to $60.00 and gave the stock a “hold” rating in a research note on Wednesday, October 10th. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $51.52.
CF Industries 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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