Scout Investments Inc. reduced its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 29.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 415,301 shares of the basic materials company’s stock after selling 173,186 shares during the quarter. Scout Investments Inc. owned approximately 0.19% of CF Industries worth $20,433,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the stock. North Star Investment Management Corp. acquired a new stake in shares of CF Industries during the third quarter worth $30,000. CSat Investment Advisory L.P. raised its stake in CF Industries by 27.5% in the second quarter. CSat Investment Advisory L.P. now owns 1,010 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 218 shares in the last quarter. Ibex Wealth Advisors acquired a new position in CF Industries in the second quarter valued at about $51,000. Meeder Asset Management Inc. acquired a new position in CF Industries in the second quarter valued at about $85,000. Finally, Almanack Investment Partners LLC. acquired a new position in CF Industries in the second quarter valued at about $126,000. 92.45% of the stock is owned by institutional investors and hedge funds.
CF has been the subject of a number of analyst reports. Consumer Edge initiated coverage on CF Industries in a research note on Monday, September 23rd. They issued an “overweight” rating for the company. ValuEngine raised CF Industries from a “hold” rating to a “buy” rating in a research note on Sunday, June 16th. UBS Group boosted their price target on CF Industries from $53.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. boosted their price target on CF Industries from $43.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, September 5th. Finally, Citigroup set a $57.00 price target on CF Industries and gave the company a “buy” rating in a research note on Wednesday, September 18th. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. CF Industries has an average rating of “Buy” and an average target price of $51.76.
NYSE CF traded up $0.28 during trading on Wednesday, hitting $49.14. 9,374 shares of the company’s stock were exchanged, compared to its average volume of 2,468,238. The company has a current ratio of 1.43, a quick ratio of 1.15 and a debt-to-equity ratio of 0.72. The company has a market cap of $10.77 billion, a PE ratio of 39.49, a P/E/G ratio of 3.50 and a beta of 0.95. CF Industries Holdings, Inc. has a fifty-two week low of $38.90 and a fifty-two week high of $55.92. The stock’s 50 day moving average price is $48.79 and its two-hundred day moving average price is $45.76.
CF Industries (NYSE:CF) last issued its earnings results on Wednesday, July 31st. The basic materials company reported $1.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.47. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.39 billion. CF Industries had a return on equity of 7.22% and a net margin of 9.67%. The business’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.63 earnings per share. Analysts forecast that CF Industries Holdings, Inc. will post 2.32 earnings per share for the current fiscal year.
In other news, CFO Dennis P. Kelleher sold 95,243 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $48.21, for a total transaction of $4,591,665.03. Following the sale, the chief financial officer now directly owns 136,117 shares in the company, valued at $6,562,200.57. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Bert A. Frost sold 21,000 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $48.21, for a total value of $1,012,410.00. Following the sale, the vice president now owns 103,072 shares in the company, valued at $4,969,101.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 238,343 shares of company stock valued at $11,786,901. Insiders own 2.00% of the company’s stock.
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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