CF Industries Holdings, Inc. (CF) Position Lowered by BB&T Securities LLC
BB&T Securities LLC lowered its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 12.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,328 shares of the basic materials company’s stock after selling 6,692 shares during the period. BB&T Securities LLC’s holdings in CF Industries were worth $1,664,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Saratoga Research & Investment Management acquired a new position in shares of CF Industries during the third quarter worth $108,000. Ffcm LLC increased its stake in CF Industries by 218.4% during the second quarter. Ffcm LLC now owns 4,041 shares of the basic materials company’s stock valued at $118,000 after purchasing an additional 2,772 shares during the last quarter. Pacad Investment Ltd. acquired a new position in shares of CF Industries during the second quarter valued at $126,000. BT Investment Management Ltd acquired a new position in shares of CF Industries during the second quarter valued at $126,000. Finally, Pacer Advisors Inc. boosted its holdings in shares of CF Industries by 8.3% during the second quarter. Pacer Advisors Inc. now owns 4,648 shares of the basic materials company’s stock valued at $130,000 after acquiring an additional 355 shares during the period.
Several research firms recently weighed in on CF. began coverage on shares of CF Industries in a report on Wednesday, October 11th. They issued a “hold” rating and a $36.30 price objective for the company. Zacks Investment Research raised shares of CF Industries from a “sell” rating to a “hold” rating in a report on Friday, October 13th. Stephens began coverage on shares of CF Industries in a report on Monday. They issued an “equal weight” rating and a $38.00 price target for the company. Royal Bank Of Canada upped their price target on shares of CF Industries from $27.00 to $32.00 and gave the company an “underperform” rating in a report on Friday, November 3rd. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $38.00 price target (up from $35.00) on shares of CF Industries in a report on Friday, October 6th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $34.95.
CF Industries Holdings, Inc. (CF) traded down $0.81 during trading hours on Thursday, hitting $36.55. The company’s stock had a trading volume of 3,585,900 shares, compared to its average volume of 4,450,168. CF Industries Holdings, Inc. has a 52-week low of $25.04 and a 52-week high of $39.32. The company has a current ratio of 1.71, a quick ratio of 1.51 and a debt-to-equity ratio of 0.80.
CF Industries (NYSE:CF) last released its quarterly earnings results on Wednesday, November 1st. The basic materials company reported ($0.39) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by ($0.04). The firm had revenue of $870.00 million during the quarter, compared to the consensus estimate of $733.63 million. CF Industries had a negative net margin of 10.95% and a negative return on equity of 2.29%. The business’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.13 earnings per share. research analysts forecast that CF Industries Holdings, Inc. will post -0.35 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Wednesday, November 15th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.28%. CF Industries’s payout ratio is -65.57%.
In other news, Director Stephen A. Furbacher sold 3,500 shares of CF Industries stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $36.00, for a total value of $126,000.00. Following the transaction, the director now owns 50,854 shares in the company, valued at $1,830,744. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Bert A. Frost sold 7,500 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $36.50, for a total value of $273,750.00. Following the transaction, the vice president now owns 67,232 shares in the company, valued at approximately $2,453,968. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.
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CF Industries 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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