Brookfield Asset Management Inc. Acquires 8,500 Shares of CF Industries Holdings, Inc. (CF)
Brookfield Asset Management Inc. grew its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 77.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,500 shares of the basic materials company’s stock after acquiring an additional 8,500 shares during the period. Brookfield Asset Management Inc.’s holdings in CF Industries were worth $830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CF. Tower Research Capital LLC TRC lifted its stake in shares of CF Industries by 451.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,157 shares of the basic materials company’s stock valued at $134,000 after buying an additional 2,585 shares in the last quarter. Delphi Private Advisors LLC purchased a new position in shares of CF Industries during the 4th quarter valued at $144,000. Stuart Chaussee & Associates Inc. purchased a new position in shares of CF Industries during the 4th quarter valued at $144,000. CoreCommodity Management LLC purchased a new position in shares of CF Industries during the 4th quarter valued at $153,000. Finally, Steward Partners Investment Advisory LLC purchased a new position in shares of CF Industries during the 3rd quarter valued at $183,000.
A number of research analysts recently weighed in on the stock. Citigroup cut shares of CF Industries from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 13th. TheStreet upgraded shares of CF Industries from a “c+” rating to a “b-” rating in a research note on Friday, March 9th. Bank of America cut shares of CF Industries from a “buy” rating to an “underperform” rating and set a $40.00 target price on the stock. in a research note on Thursday, March 8th. Cowen upgraded shares of CF Industries from a “market perform” rating to an “outperform” rating in a research note on Monday, March 5th. Finally, Zacks Investment Research upgraded shares of CF Industries from a “sell” rating to a “hold” rating and set a $48.00 target price on the stock in a research note on Friday, February 23rd. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company’s stock. CF Industries has a consensus rating of “Hold” and an average target price of $38.29.
CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, February 14th. The basic materials company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.06. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $988.91 million. CF Industries had a net margin of 8.67% and a negative return on equity of 0.92%. The business’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.39) EPS. equities analysts forecast that CF Industries Holdings, Inc. will post 0.93 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Friday, February 16th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend was Thursday, February 15th. CF Industries’s payout ratio is currently 78.95%.
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CF Industries Company Profile
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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