Robecosam AG Trims Stake in CF Industries Holdings, Inc. (CF)
Robecosam AG lowered its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 23.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,285 shares of the basic materials company’s stock after selling 4,636 shares during the quarter. Robecosam AG’s holdings in CF Industries were worth $533,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capital World Investors increased its holdings in CF Industries by 21.4% in the 2nd quarter. Capital World Investors now owns 15,203,728 shares of the basic materials company’s stock worth $425,096,000 after acquiring an additional 2,675,809 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in CF Industries in the 2nd quarter worth approximately $35,108,000. Thrivent Financial For Lutherans increased its holdings in CF Industries by 12,161.3% in the 2nd quarter. Thrivent Financial For Lutherans now owns 1,050,790 shares of the basic materials company’s stock worth $29,380,000 after acquiring an additional 1,042,220 shares in the last quarter. Manning & Napier Advisors LLC increased its holdings in CF Industries by 190.0% in the 3rd quarter. Manning & Napier Advisors LLC now owns 1,116,525 shares of the basic materials company’s stock worth $39,256,000 after acquiring an additional 731,525 shares in the last quarter. Finally, W. E. Donoghue & Co. LLC purchased a new stake in CF Industries in the 2nd quarter worth approximately $16,857,000.
CF Industries Holdings, Inc. (CF) opened at $35.94 on Friday. CF Industries Holdings, Inc. has a 52 week low of $25.04 and a 52 week high of $39.32. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.71 and a quick ratio of 1.51.
CF Industries (NYSE:CF) last posted its 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 firm had revenue of $870.00 million for 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 firm’s revenue was up 27.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.13 earnings per share. sell-side analysts anticipate that CF Industries Holdings, Inc. will post -0.35 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.34%. CF Industries’s dividend payout ratio is currently -65.57%.
CF has been the subject of several recent analyst reports. Credit Suisse Group set a $30.00 price target on CF Industries and gave the stock a “hold” rating in a research note on Friday, August 4th. UBS AG restated a “buy” rating and issued a $40.00 price target (up from $33.00) on shares of CF Industries in a research note on Wednesday, October 4th. Cowen Inc upped their price target on CF Industries from $27.00 to $33.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 8th. initiated coverage on CF Industries in a research note on Wednesday, October 11th. They issued a “hold” rating and a $36.30 price target for the company. Finally, BidaskClub downgraded CF Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $34.74.
In other news, VP Bert A. Frost sold 7,500 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $36.50, for a total transaction of $273,750.00. Following the completion of the transaction, the vice president now directly owns 67,232 shares in the company, valued at approximately $2,453,968. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.
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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