CF Industries Holdings, Inc. (CF) Stake Increased by CIBC Asset Management Inc
CIBC Asset Management Inc boosted its stake in CF Industries Holdings, Inc. (NYSE:CF) by 0.2% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 32,985 shares of the basic materials company’s stock after buying an additional 69 shares during the period. CIBC Asset Management Inc’s holdings in CF Industries Holdings were worth $922,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of CF. Pillar Pacific Capital Management LLC boosted its position in CF Industries Holdings by 1.0% in the second quarter. Pillar Pacific Capital Management LLC now owns 72,746 shares of the basic materials company’s stock valued at $2,034,000 after buying an additional 750 shares during the period. Eagle Global Advisors LLC purchased a new position in CF Industries Holdings during the second quarter valued at approximately $4,018,000. Janney Montgomery Scott LLC purchased a new position in CF Industries Holdings during the second quarter valued at approximately $479,000. Sumitomo Life Insurance Co. boosted its position in CF Industries Holdings by 4.6% in the second quarter. Sumitomo Life Insurance Co. now owns 9,973 shares of the basic materials company’s stock valued at $279,000 after buying an additional 443 shares during the period. Finally, Montecito Bank & Trust purchased a new position in CF Industries Holdings during the second quarter valued at approximately $248,000.
Shares of CF Industries Holdings, Inc. (CF) opened at 30.51 on Friday. The company’s 50-day moving average is $29.44 and its 200 day moving average is $29.69. The firm’s market capitalization is $7.12 billion. CF Industries Holdings, Inc. has a 1-year low of $22.00 and a 1-year high of $37.17.
CF Industries Holdings (NYSE:CF) last issued its earnings results on Wednesday, August 2nd. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.18. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.06 billion. CF Industries Holdings had a negative net margin of 9.98% and a negative return on equity of 0.40%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the firm earned $0.33 EPS. On average, analysts expect that CF Industries Holdings, Inc. will post ($0.70) EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend is Friday, August 11th. CF Industries Holdings’s dividend payout ratio (DPR) is presently -75.47%.
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Several research analysts have commented on the stock. Credit Suisse Group set a $30.00 target price on shares of CF Industries Holdings and gave the stock a “hold” rating in a research report on Friday, August 4th. Piper Jaffray Companies reaffirmed a “hold” rating on shares of CF Industries Holdings in a research note on Friday, August 4th. BidaskClub lowered shares of CF Industries Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. ValuEngine raised shares of CF Industries Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Royal Bank Of Canada reduced their price target on shares of CF Industries Holdings from $25.00 to $23.00 and set an “underperform” rating for the company in a research note on Friday, July 14th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $32.58.
In other news, VP Bert A. Frost sold 6,400 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $31.53, for a total value of $201,792.00. Following the transaction, the vice president now owns 59,732 shares of the company’s stock, valued at approximately $1,883,349.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is currently owned by company insiders.
CF Industries Holdings 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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