First Hawaiian Bank purchased a new stake in shares of CF Industries Holdings, Inc. (NYSE:CF) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 23,645 shares of the basic materials company’s stock, valued at approximately $1,287,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Janus Henderson Group PLC raised its holdings 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 purchasing an additional 468,073 shares in the last quarter. Zurich Insurance Group Ltd FI raised its holdings in CF Industries by 160.4% in the 2nd quarter. Zurich Insurance Group Ltd FI now owns 106,176 shares of the basic materials company’s stock worth $4,714,000 after purchasing an additional 65,407 shares in the last quarter. NumerixS Investment Technologies Inc bought a new position in CF Industries in the 2nd quarter worth $824,000. Point72 Hong Kong Ltd bought a new position in CF Industries in the 2nd quarter worth $127,000. Finally, Cubist Systematic Strategies LLC bought a new position in CF Industries in the 2nd quarter worth $619,000. 99.09% of the stock is owned by institutional investors and hedge funds.
In related news, Director Stephen A. Furbacher sold 2,000 shares of the stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $49.52, for a total transaction of $99,040.00. Following the sale, the director now directly owns 54,690 shares of the company’s stock, valued at approximately $2,708,248.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Adam L. Hall sold 20,256 shares of the stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $48.59, for a total transaction of $984,239.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,131 shares of company stock valued at $1,976,560. 1.00% of the stock is owned by company insiders.
Several research analysts have commented on CF shares. Scotiabank upgraded shares of CF Industries from a “sector perform” rating to an “outperform” rating in a report on Thursday, June 28th. Stephens restated a “hold” rating and issued a $53.00 price objective on shares of CF Industries in a report on Friday, August 3rd. Royal Bank of Canada set a $50.00 price objective on shares of CF Industries and gave the stock a “hold” rating in a report on Monday, October 1st. UBS Group upped their price objective on shares of CF Industries from $58.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, October 2nd. Finally, HSBC upgraded shares of CF Industries from a “hold” rating to a “buy” rating and set a $36.30 price objective for the company in a report on Tuesday, August 7th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $49.78.
Shares of CF Industries stock opened at $50.64 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.80 and a quick ratio of 2.26. The stock has a market capitalization of $11.86 billion, a P/E ratio of 103.71, a price-to-earnings-growth ratio of 5.94 and a beta of 0.99. CF Industries Holdings, Inc. has a 1 year low of $33.50 and a 1 year high of $56.51.
CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, August 1st. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.18. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.21 billion. CF Industries had a net margin of 13.94% and a return on equity of 1.82%. CF Industries’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same period last year, the business earned $0.10 EPS. Equities research analysts expect that CF Industries Holdings, Inc. will post 1.43 earnings per share for the current fiscal year.
CF Industries announced that its Board of Directors has approved a stock buyback plan on Wednesday, August 1st that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the basic materials company to purchase up to 4.8% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Thursday, November 15th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 2.37%. CF Industries’s payout ratio is -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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