TD Asset Management Inc. Reduces Position in CF Industries Holdings, Inc. (CF)
TD Asset Management Inc. cut its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 4.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 167,309 shares of the basic materials company’s stock after selling 7,042 shares during the period. TD Asset Management Inc. owned about 0.07% of CF Industries Holdings worth $4,678,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of CF Industries Holdings by 3,912.4% in the first quarter. BlackRock Inc. now owns 20,034,069 shares of the basic materials company’s stock worth $587,999,000 after buying an additional 19,534,765 shares during the period. FMR LLC raised its stake in CF Industries Holdings by 12.1% in the first quarter. FMR LLC now owns 23,826,054 shares of the basic materials company’s stock valued at $699,295,000 after buying an additional 2,577,455 shares during the last quarter. Ameriprise Financial Inc. raised its stake in CF Industries Holdings by 141.9% in the first quarter. Ameriprise Financial Inc. now owns 2,027,780 shares of the basic materials company’s stock valued at $59,515,000 after buying an additional 1,189,396 shares during the last quarter. Pioneer Investment Management Inc. raised its stake in CF Industries Holdings by 146.2% in the first quarter. Pioneer Investment Management Inc. now owns 1,672,836 shares of the basic materials company’s stock valued at $49,098,000 after buying an additional 993,403 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in CF Industries Holdings by 1,077.6% in the first quarter. Victory Capital Management Inc. now owns 994,693 shares of the basic materials company’s stock valued at $29,194,000 after buying an additional 910,226 shares during the last quarter.
Shares of CF Industries Holdings, Inc. (CF) opened at 29.03 on Friday. The firm’s market cap is $6.77 billion. CF Industries Holdings, Inc. has a one year low of $22.00 and a one year high of $37.17. The firm has a 50 day moving average price of $29.80 and a 200-day moving average price of $29.45.
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 analysts’ consensus estimates of ($0.08) by $0.18. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations 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 business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.33 EPS. Analysts forecast that CF Industries Holdings, Inc. will post ($0.70) earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.13%. CF Industries Holdings’s dividend payout ratio (DPR) is currently -75.47%.
CF has been the topic of several analyst reports. Cowen and Company set a $30.00 target price on CF Industries Holdings and gave the stock a “hold” rating in a report on Thursday, May 4th. BidaskClub lowered CF Industries Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Zacks Investment Research lowered CF Industries Holdings from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 9th. Royal Bank Of Canada dropped their target price on CF Industries Holdings from $25.00 to $23.00 and set an “underperform” rating on the stock in a report on Friday, July 14th. Finally, Barclays PLC restated an “equal weight” rating and issued a $31.00 price objective (down previously from $32.00) on shares of CF Industries Holdings in a research note on Sunday, May 28th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $32.58.
In other news, VP Bert A. Frost sold 6,400 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $31.53, for a total transaction of $201,792.00. Following the completion of the transaction, the vice president now directly owns 59,732 shares in the company, valued at approximately $1,883,349.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by insiders.
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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