Stoneridge Investment Partners LLC Buys 41,864 Shares of CF Industries Holdings Inc. (CF)
Stoneridge Investment Partners LLC increased its position in shares of CF Industries Holdings Inc. (NYSE:CF) by 45.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 134,564 shares of the company’s stock after buying an additional 41,864 shares during the period. Stoneridge Investment Partners LLC owned 0.06% of CF Industries Holdings worth $3,243,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in CF Industries Holdings during the fourth quarter worth about $84,940,000. Canada Pension Plan Investment Board raised its position in CF Industries Holdings by 2,394.1% in the first quarter. Canada Pension Plan Investment Board now owns 1,851,575 shares of the company’s stock worth $58,028,000 after buying an additional 1,777,338 shares during the period. AXA raised its position in CF Industries Holdings by 441.8% in the first quarter. AXA now owns 1,035,532 shares of the company’s stock worth $32,454,000 after buying an additional 844,399 shares during the period. Wellington Management Group LLP raised its position in CF Industries Holdings by 92.4% in the first quarter. Wellington Management Group LLP now owns 1,501,426 shares of the company’s stock worth $47,054,000 after buying an additional 721,177 shares during the period. Finally, State Street Corp raised its position in CF Industries Holdings by 5.6% in the first quarter. State Street Corp now owns 10,842,394 shares of the company’s stock worth $339,791,000 after buying an additional 571,479 shares during the period. Hedge funds and other institutional investors own 99.09% of the company’s stock.
Shares of CF Industries Holdings Inc. (NYSE:CF) traded down 1.60% during midday trading on Tuesday, reaching $23.30. The company’s stock had a trading volume of 5,300,139 shares. The stock has a 50 day moving average of $23.99 and a 200-day moving average of $28.16. CF Industries Holdings Inc. has a 1-year low of $20.77 and a 1-year high of $54.27. The company has a market capitalization of $5.43 billion, a P/E ratio of 28.69 and a beta of 1.85.
CF Industries Holdings (NYSE:CF) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by $0.35. The firm earned $1.13 billion during the quarter, compared to analysts’ expectations of $1.13 billion. CF Industries Holdings had a net margin of 4.55% and a return on equity of 8.04%. The business’s quarterly revenue was down 13.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.49 earnings per share. On average, equities research analysts anticipate that CF Industries Holdings Inc. will post $1.06 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Monday, August 15th were given a $0.30 dividend. The ex-dividend date was Thursday, August 11th. This represents a $1.20 dividend on an annualized basis and a yield of 5.15%. CF Industries Holdings’s payout ratio is currently 148.15%.
CF has been the subject of a number of recent research reports. Vetr upgraded CF Industries Holdings from a “buy” rating to a “strong-buy” rating and set a $29.50 target price for the company in a report on Monday, June 27th. Citigroup Inc. decreased their target price on CF Industries Holdings from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday, August 10th. Barclays PLC decreased their target price on CF Industries Holdings from $31.00 to $25.00 and set an “overweight” rating for the company in a report on Thursday, August 18th. Cleveland Research lowered CF Industries Holdings from a “buy” rating to a “neutral” rating in a report on Tuesday, May 24th. Finally, Morgan Stanley restated a “buy” rating and issued a $30.00 price target on shares of CF Industries Holdings in a research note on Thursday, June 16th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. CF Industries Holdings currently has a consensus rating of “Hold” and an average target price of $32.53.
In other news, Director Robert C. Arzbaecher acquired 21,600 shares of the firm’s stock in a transaction on Tuesday, August 16th. The stock was bought at an average cost of $23.25 per share, with a total value of $502,200.00. Following the transaction, the director now directly owns 88,443 shares in the company, valued at approximately $2,056,299.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.84% of the stock is currently owned by company insiders.
CF Industries Holdings Company Profile
CF Industries Holdings, Inc is the manufacturer and distributor of 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 its industrial customers, and compound fertilizer products (NPKs).
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