Carnegie Capital Asset Management LLC bought a new position in shares of CF Industries Holdings, Inc. (NYSE:CF – Get Rating) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 22,060 shares of the basic materials company’s stock, valued at approximately $2,274,000.
Other hedge funds have also bought and sold shares of the company. Catalyst Capital Advisors LLC raised its position in CF Industries by 64.3% in the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 142 shares during the last quarter. Commerce Bank raised its position in CF Industries by 0.9% in the fourth quarter. Commerce Bank now owns 15,854 shares of the basic materials company’s stock valued at $1,122,000 after purchasing an additional 144 shares during the last quarter. IFP Advisors Inc raised its position in CF Industries by 11.5% in the fourth quarter. IFP Advisors Inc now owns 1,703 shares of the basic materials company’s stock valued at $120,000 after purchasing an additional 175 shares during the last quarter. Private Advisor Group LLC raised its position in CF Industries by 5.3% in the fourth quarter. Private Advisor Group LLC now owns 3,863 shares of the basic materials company’s stock valued at $273,000 after purchasing an additional 193 shares during the last quarter. Finally, Signaturefd LLC raised its position in CF Industries by 121.1% in the fourth quarter. Signaturefd LLC now owns 398 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 218 shares during the last quarter. 93.00% of the stock is currently owned by institutional investors and hedge funds.
In other news, VP Richard A. Hoker sold 6,684 shares of CF Industries stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $94.90, for a total transaction of $634,311.60. Following the completion of the transaction, the vice president now directly owns 45,243 shares in the company, valued at $4,293,560.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.42% of the stock is currently owned by company insiders.
CF Industries (NYSE:CF – Get Rating) last released its quarterly earnings data on Wednesday, May 4th. The basic materials company reported $4.21 EPS for the quarter, meeting the consensus estimate of $4.21. CF Industries had a return on equity of 35.04% and a net margin of 19.73%. The firm had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the previous year, the company posted $0.70 earnings per share. The company’s quarterly revenue was up 173.7% on a year-over-year basis. On average, sell-side analysts expect that CF Industries Holdings, Inc. will post 18.95 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 31st. Shareholders of record on Monday, May 16th were issued a dividend of $0.40 per share. This is an increase from CF Industries’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, May 13th. This represents a $1.60 annualized dividend and a yield of 1.81%. CF Industries’s dividend payout ratio is presently 20.62%.
Several research firms have commented on CF. Consumer Edge downgraded CF Industries from an “overweight” rating to an “equal weight” rating in a research report on Thursday, April 14th. The Goldman Sachs Group increased their price target on CF Industries from $91.00 to $131.00 and gave the company a “buy” rating in a research note on Wednesday, March 16th. Morgan Stanley increased their price target on CF Industries from $66.00 to $100.00 and gave the company an “equal weight” rating in a research note on Thursday, March 17th. Royal Bank of Canada decreased their price target on CF Industries from $105.00 to $100.00 and set a “sector perform” rating for the company in a research note on Monday, May 9th. Finally, Barclays assumed coverage on CF Industries in a research note on Wednesday, June 1st. They issued an “equal weight” rating and a $103.00 price target for the company. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $94.50.
CF Industries Company Profile (Get Rating)
CF Industries Holdings, Inc manufactures and sells hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities worldwide. Its principal products include anhydrous ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate products. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products; and compound fertilizer products with nitrogen, phosphorus, and potassium.
- Get a free copy of the StockNews.com research report on CF Industries (CF)
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