Bp Plc Invests $949,000 in CF Industries Holdings, Inc. (CF)
Bp Plc bought a new stake in CF Industries Holdings, Inc. (NYSE:CF) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 27,000 shares of the basic materials company’s stock, valued at approximately $949,000.
Several other institutional investors and hedge funds have also recently modified their holdings of CF. Saratoga Research & Investment Management acquired a new stake in shares of CF Industries Holdings in the 3rd quarter valued at about $108,000. Ffcm LLC grew its stake in shares of CF Industries Holdings by 218.4% in the 2nd quarter. Ffcm LLC now owns 4,041 shares of the basic materials company’s stock valued at $118,000 after buying an additional 2,772 shares during the period. Financial Architects Inc grew its stake in shares of CF Industries Holdings by 22.5% in the 2nd quarter. Financial Architects Inc now owns 4,350 shares of the basic materials company’s stock valued at $122,000 after buying an additional 800 shares during the period. Pacad Investment Ltd. acquired a new stake in shares of CF Industries Holdings in the 2nd quarter valued at about $126,000. Finally, BT Investment Management Ltd acquired a new stake in shares of CF Industries Holdings in the 2nd quarter valued at about $126,000.
In related news, VP Bert A. Frost sold 6,400 shares of CF Industries Holdings stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $31.53, for a total value of $201,792.00. Following the sale, the vice president now owns 59,732 shares of the company’s stock, valued at approximately $1,883,349.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.00% of the company’s stock.
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CF Industries Holdings, Inc. (NYSE:CF) opened at $38.60 on Friday. The company has a quick ratio of 1.63, a current ratio of 1.71 and a debt-to-equity ratio of 0.80.
CF Industries Holdings (NYSE:CF) last posted its quarterly earnings results on Wednesday, November 1st. The basic materials company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.04). The company had revenue of $870.00 million during the quarter, compared to the consensus estimate of $733.63 million. CF Industries Holdings had a negative return on equity of 2.29% and a negative net margin of 10.95%. The company’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same period last year, the firm posted $0.13 EPS. sell-side analysts anticipate that CF Industries Holdings, Inc. will post -0.62 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Wednesday, November 15th will be issued a $0.30 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.11%. CF Industries Holdings’s dividend payout ratio (DPR) is presently -65.57%.
A number of equities analysts have issued reports on CF shares. UBS Group AG (USA) reiterated a “buy” rating and set a $40.00 price target (up previously from $33.00) on shares of CF Industries Holdings in a research note on Wednesday, October 4th. Zacks Investment Research upgraded CF Industries Holdings from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research note on Wednesday, October 25th. Barclays PLC cut their price target on CF Industries Holdings from $31.00 to $29.00 and set an “equal weight” rating for the company in a research note on Thursday, July 13th. Stifel Nicolaus reiterated a “hold” rating and set a $28.00 price target (down previously from $31.00) on shares of CF Industries Holdings in a research note on Monday, July 10th. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $28.00 price target on shares of CF Industries Holdings in a research note on Tuesday, September 5th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $34.52.
About CF Industries Holdings
CF Industries Holdings, Inc manufactures and distributes 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 the Company’s industrial customers, and compound fertilizer products (nitrogen, phosphorus and potassium or NPKs).
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