Fisher Asset Management LLC decreased its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 13.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,371 shares of the basic materials company’s stock after selling 7,251 shares during the quarter. Fisher Asset Management LLC’s holdings in CF Industries were worth $2,579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. Manning & Napier Group LLC increased its holdings in shares of CF Industries by 700.3% in the second quarter. Manning & Napier Group LLC now owns 2,961,421 shares of the basic materials company’s stock worth $131,485,000 after purchasing an additional 2,591,386 shares during the period. PointState Capital LP bought a new position in shares of CF Industries in the second quarter worth $23,703,000. Janus Henderson Group PLC increased its holdings in shares of CF Industries by 56.4% in the second 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 during the period. First Trust Advisors LP increased its holdings in shares of CF Industries by 2,613.2% in the second quarter. First Trust Advisors LP now owns 453,297 shares of the basic materials company’s stock worth $20,126,000 after purchasing an additional 436,590 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of CF Industries by 7.0% in the second quarter. Northern Trust Corp now owns 4,465,709 shares of the basic materials company’s stock worth $198,278,000 after purchasing an additional 291,671 shares during the period. 99.01% of the stock is currently owned by institutional investors and hedge funds.
CF opened at $51.05 on Friday. The firm has a market capitalization of $10.80 billion, a P/E ratio of 94.39, a PEG ratio of 5.06 and a beta of 0.99. The company has a current ratio of 2.80, a quick ratio of 2.26 and a debt-to-equity ratio of 0.74. CF Industries Holdings, Inc. has a 52 week low of $33.50 and a 52 week high of $56.51.
CF Industries (NYSE:CF) last released its earnings results on Wednesday, October 31st. The basic materials company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.02). The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $993.94 million. CF Industries had a net margin of 13.94% and a return on equity of 1.82%. The firm’s revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.39) EPS. As a group, sell-side analysts anticipate that CF Industries Holdings, Inc. will post 1.52 earnings per share for the current fiscal year.
CF Industries announced that its board has initiated a stock repurchase plan on Wednesday, August 1st that allows the company to buyback $500.00 million in shares. This buyback authorization allows the basic materials company to repurchase up to 4.8% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.
The company also recently announced 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 of this dividend is Wednesday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 2.35%. CF Industries’s dividend payout ratio is presently -480.00%.
In other CF Industries news, Director Stephen A. Furbacher sold 1,000 shares of the company’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $51.43, for a total transaction of $51,430.00. Following the completion of the sale, the director now directly owns 53,690 shares in the company, valued at $2,761,276.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Bert A. Frost sold 10,675 shares of the company’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $50.31, for a total transaction of $537,059.25. The disclosure for this sale can be found here. In the last three months, insiders sold 40,131 shares of company stock worth $1,976,560. 1.00% of the stock is owned by insiders.
CF has been the topic of several research analyst reports. Cowen upped their price target on shares of CF Industries from $60.00 to $68.00 and gave the stock an “outperform” rating in a report on Thursday, October 4th. Zacks Investment Research raised shares of CF Industries from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a report on Thursday, September 6th. Stephens set a $55.00 price target on shares of CF Industries and gave the stock a “hold” rating in a report on Monday, October 1st. Royal Bank of Canada raised shares of CF Industries from an “underperform” rating to a “sector perform” rating and upped their price target for the stock from $38.00 to $42.00 in a report on Wednesday, July 18th. Finally, Morgan Stanley upped their price target on shares of CF Industries from $37.00 to $60.00 and gave the stock a “hold” rating in a report on Wednesday, October 10th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $50.78.
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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