CIBC Asset Management Inc lowered its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 7.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,574 shares of the basic materials company’s stock after selling 2,203 shares during the quarter. CIBC Asset Management Inc’s holdings in CF Industries were worth $1,086,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. IndexIQ Advisors LLC boosted its stake in shares of CF Industries by 46.8% during the first quarter. IndexIQ Advisors LLC now owns 22,025 shares of the basic materials company’s stock valued at $900,000 after purchasing an additional 7,020 shares during the period. Toronto Dominion Bank raised its holdings in shares of CF Industries by 14.4% during the first quarter. Toronto Dominion Bank now owns 146,281 shares of the basic materials company’s stock valued at $5,978,000 after acquiring an additional 18,373 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its holdings in shares of CF Industries by 4.1% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 19,577 shares of the basic materials company’s stock valued at $800,000 after acquiring an additional 780 shares in the last quarter. Carillon Tower Advisers Inc. raised its holdings in shares of CF Industries by 2.2% during the first quarter. Carillon Tower Advisers Inc. now owns 90,595 shares of the basic materials company’s stock valued at $3,704,000 after acquiring an additional 1,974 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in shares of CF Industries by 5.6% during the first quarter. California Public Employees Retirement System now owns 557,335 shares of the basic materials company’s stock valued at $22,784,000 after acquiring an additional 29,373 shares in the last quarter. 93.30% of the stock is currently owned by hedge funds and other institutional investors.
In other CF Industries news, VP Richard A. Hoker sold 3,665 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $41.15, for a total transaction of $150,814.75. Following the completion of the transaction, the vice president now owns 63,383 shares of the company’s stock, valued at $2,608,210.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen A. Furbacher sold 3,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $42.01, for a total value of $126,030.00. Following the transaction, the director now directly owns 47,190 shares of the company’s stock, valued at approximately $1,982,451.90. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.
CF has been the subject of a number of research reports. ValuEngine cut CF Industries from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd. Cowen reissued an “outperform” rating and issued a $54.00 target price (down from $56.00) on shares of CF Industries in a research note on Wednesday, May 15th. Citigroup cut their target price on CF Industries from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. Bank of America cut CF Industries from a “buy” rating to an “underperform” rating and dropped their price objective for the company from $50.00 to $38.00 in a research report on Thursday, April 18th. Finally, Berenberg Bank set a $43.00 price objective on CF Industries and gave the company a “hold” rating in a research report on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. CF Industries has an average rating of “Hold” and an average price target of $50.26.
CF traded up $0.86 during trading hours on Friday, reaching $46.00. 2,920,312 shares of the company’s stock traded hands, compared to its average volume of 2,644,860. CF Industries Holdings, Inc. has a 52-week low of $38.90 and a 52-week high of $56.51. The company has a quick ratio of 1.17, a current ratio of 1.71 and a debt-to-equity ratio of 0.83. The stock has a market cap of $9.98 billion, a P/E ratio of 37.10, a PEG ratio of 3.46 and a beta of 0.80.
CF Industries (NYSE:CF) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.01). The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $1.01 billion. CF Industries had a net margin of 7.09% and a return on equity of 4.81%. CF Industries’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 EPS. Equities analysts anticipate that CF Industries Holdings, Inc. will post 2.08 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date was Tuesday, May 14th. CF Industries’s dividend payout ratio (DPR) is presently 96.77%.
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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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