Rhumbline Advisers decreased its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 12.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 358,219 shares of the basic materials company’s stock after selling 51,326 shares during the period. Rhumbline Advisers owned 0.16% of CF Industries worth $14,644,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in CF. Ffcm LLC boosted its holdings in CF Industries by 49.4% in the fourth quarter. Ffcm LLC now owns 762 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 252 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of CF Industries by 0.6% in the fourth quarter. Fisher Asset Management LLC now owns 47,641 shares of the basic materials company’s stock worth $2,073,000 after purchasing an additional 270 shares during the last quarter. CSat Investment Advisory L.P. raised its stake in shares of CF Industries by 81.3% in the fourth quarter. CSat Investment Advisory L.P. now owns 620 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 278 shares during the last quarter. Investors Research Corp raised its stake in shares of CF Industries by 0.9% in the fourth quarter. Investors Research Corp now owns 35,075 shares of the basic materials company’s stock worth $1,526,000 after purchasing an additional 300 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. increased its position in shares of CF Industries by 2.4% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 14,095 shares of the basic materials company’s stock valued at $613,000 after acquiring an additional 330 shares during the last quarter. Institutional investors own 96.01% of the company’s stock.
Several equities analysts have weighed in on the company. Cowen reissued an “outperform” rating and set a $54.00 price objective (down from $56.00) on shares of CF Industries in a report on Wednesday. ValuEngine lowered CF Industries from a “buy” rating to a “hold” rating in a report on Wednesday, May 8th. Bank of America lowered CF Industries from a “buy” rating to an “underperform” rating and reduced their price objective for the company from $50.00 to $38.00 in a report on Thursday, April 18th. Berenberg Bank set a $43.00 price objective on CF Industries and gave the company a “hold” rating in a report on Tuesday, March 26th. Finally, Citigroup reduced their price objective on CF Industries from $51.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, February 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $50.41.
CF Industries stock opened at $41.19 on Thursday. CF Industries Holdings, Inc. has a one year low of $38.90 and a one year high of $56.51. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.71 and a quick ratio of 1.17. The firm has a market capitalization of $9.02 billion, a PE ratio of 33.22, a P/E/G ratio of 3.42 and a beta of 0.75.
CF Industries (NYSE:CF) last released its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.01). CF Industries had a net margin of 7.09% and a return on equity of 4.81%. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the business earned $0.27 EPS. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. Analysts anticipate that CF Industries Holdings, Inc. will post 1.99 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, May 14th. This represents a $1.20 dividend on an annualized basis and a yield of 2.91%. CF Industries’s payout ratio is 96.77%.
In other CF Industries news, Director Stephen A. Furbacher sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $42.01, for a total transaction of $126,030.00. Following the sale, the director now owns 47,190 shares in the company, valued at $1,982,451.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.00% of the company’s stock.
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About CF Industries
CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate solution, and ammonium nitrate. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products, as well as compound fertilizer products with nitrogen, phosphorus, and potassium.
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