Pitcairn Co. reduced its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 24.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,531 shares of the basic materials company’s stock after selling 2,694 shares during the period. Pitcairn Co.’s holdings in CF Industries were worth $240,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of CF. Harbor Investment Advisory LLC acquired a new stake in shares of CF Industries during the 2nd quarter valued at about $29,000. Royal Fund Management LLC acquired a new stake in shares of CF Industries during the 1st quarter valued at about $35,000. Exane Derivatives boosted its position in shares of CF Industries by 2,859.6% during the 1st quarter. Exane Derivatives now owns 1,391 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 1,344 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of CF Industries by 342.3% during the 1st quarter. Parallel Advisors LLC now owns 2,225 shares of the basic materials company’s stock valued at $60,000 after acquiring an additional 1,722 shares in the last quarter. Finally, Aigen Investment Management LP acquired a new stake in shares of CF Industries during the 1st quarter valued at about $77,000. Institutional investors and hedge funds own 92.42% of the company’s stock.
In other news, Director David P. Hopkins sold 2,000 shares of CF Industries stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $29.37, for a total transaction of $58,740.00. Following the completion of the sale, the director now owns 17,200 shares in the company, valued at approximately $505,164. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.00% of the stock is owned by insiders.
Shares of NYSE CF opened at $31.33 on Friday. CF Industries Holdings, Inc. has a 1-year low of $19.73 and a 1-year high of $55.15. The company has a market cap of $6.70 billion, a PE ratio of 14.71, a P/E/G ratio of 3.92 and a beta of 1.10. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.73. The company has a 50-day moving average of $29.53 and a two-hundred day moving average of $32.06.
CF Industries (NYSE:CF) last announced its earnings results on Wednesday, May 6th. The basic materials company reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.08. CF Industries had a net margin of 10.33% and a return on equity of 8.34%. The company had revenue of $971.00 million during the quarter, compared to the consensus estimate of $924.90 million. During the same period in the previous year, the firm posted $0.27 earnings per share. The company’s revenue was down 3.0% on a year-over-year basis. As a group, equities research analysts forecast that CF Industries Holdings, Inc. will post 1.33 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend is Friday, August 14th. CF Industries’s dividend payout ratio is 62.18%.
CF has been the subject of several analyst reports. Stifel Nicolaus lifted their price target on shares of CF Industries from $30.00 to $32.00 and gave the company a “hold” rating in a report on Friday, May 8th. Credit Suisse Group reissued a “buy” rating and set a $39.00 price target on shares of CF Industries in a report on Thursday, May 7th. Morgan Stanley cut their price target on shares of CF Industries from $33.00 to $31.00 and set an “equal weight” rating for the company in a report on Thursday, June 18th. Bank of America raised shares of CF Industries from an “underperform” rating to a “buy” rating in a report on Monday, July 13th. Finally, BofA Securities raised shares of CF Industries from an “underperform” rating to a “buy” rating in a report on Monday, July 13th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $43.83.
CF Industries Company Profile
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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