JPMorgan Chase & Co. grew its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 23.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 167,930 shares of the basic materials company’s stock after acquiring an additional 32,040 shares during the quarter. JPMorgan Chase & Co. owned about 0.07% of CF Industries worth $5,851,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of CF. Saratoga Research & Investment Management purchased a new position in CF Industries in the third quarter worth about $108,000. Ffcm LLC boosted its position in CF Industries by 218.4% in the second quarter. Ffcm LLC now owns 4,041 shares of the basic materials company’s stock worth $118,000 after purchasing an additional 2,772 shares during the last quarter. Pacad Investment Ltd. purchased a new position in CF Industries in the second quarter worth about $126,000. BT Investment Management Ltd purchased a new position in CF Industries in the second quarter worth about $126,000. Finally, Pacer Advisors Inc. boosted its position in CF Industries by 8.3% in the second quarter. Pacer Advisors Inc. now owns 4,648 shares of the basic materials company’s stock worth $130,000 after purchasing an additional 355 shares during the last quarter.
A number of research analysts have recently weighed in on CF shares. started coverage on CF Industries in a research report on Wednesday, October 11th. They set a “hold” rating and a $36.30 price objective on the stock. Zacks Investment Research raised CF Industries from a “sell” rating to a “hold” rating in a research report on Friday, October 13th. Stephens started coverage on CF Industries in a research report on Monday, December 4th. They set an “equal weight” rating and a $38.00 price objective on the stock. Royal Bank of Canada lifted their price objective on CF Industries from $27.00 to $32.00 and gave the company an “underperform” rating in a research report on Friday, November 3rd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $38.00 price objective (up from $35.00) on shares of CF Industries in a research report on Friday, October 6th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. CF Industries presently has a consensus rating of “Hold” and an average price target of $35.35.
Shares of CF Industries Holdings, Inc. (NYSE CF) opened at $43.52 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.51 and a current ratio of 1.71. CF Industries Holdings, Inc. has a 12 month low of $25.04 and a 12 month high of $43.98. The stock has a market capitalization of $10,150.00, a P/E ratio of -23.78, a P/E/G ratio of 34.52 and a beta of 1.21.
CF Industries (NYSE:CF) last released its quarterly earnings data on Wednesday, November 1st. The basic materials company reported ($0.39) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.35) by ($0.04). CF Industries had a negative return on equity of 2.29% and a negative net margin of 10.95%. The firm had revenue of $870.00 million during the quarter, compared to the consensus estimate of $733.63 million. During the same period in the previous year, the firm earned $0.13 EPS. The business’s revenue was up 27.9% compared to the same quarter last year. equities analysts forecast that CF Industries Holdings, Inc. will post -0.35 earnings per share for the current fiscal year.
In other news, Director Stephen A. Furbacher sold 3,500 shares of CF Industries stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $36.00, for a total value of $126,000.00. Following the completion of the transaction, the director now owns 50,854 shares in the company, valued at approximately $1,830,744. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Bert A. Frost sold 7,500 shares of CF Industries stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $36.50, for a total value of $273,750.00. Following the completion of the transaction, the vice president now owns 67,232 shares of the company’s stock, valued at approximately $2,453,968. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.
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About CF Industries
CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizer, and other nitrogen products. The Company’s nitrogen fertilizer products are ammonia, granular urea, urea ammonium nitrate solution (UAN) and ammonium nitrate (AN). Its other nitrogen products include diesel exhaust fluid (DEF), urea liquor, nitric acid and aqua ammonia, which are sold primarily to the Company’s industrial customers, and compound fertilizer products (nitrogen, phosphorus and potassium or NPKs).
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