RPG Investment Advisory LLC lifted its stake in CF Industries Holdings, Inc. (NYSE:CF – Free Report) by 32.0% during the second quarter, Holdings Channel reports. The fund owned 120,385 shares of the basic materials company’s stock after acquiring an additional 29,164 shares during the quarter. RPG Investment Advisory LLC’s holdings in CF Industries were worth $8,357,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of CF Industries by 72,177.8% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 119,173,809 shares of the basic materials company’s stock valued at $8,273,046,000 after buying an additional 119,008,926 shares during the period. Morgan Stanley grew its holdings in shares of CF Industries by 101.0% during the 4th quarter. Morgan Stanley now owns 4,014,385 shares of the basic materials company’s stock worth $342,026,000 after purchasing an additional 2,017,325 shares in the last quarter. First Trust Advisors LP increased its position in shares of CF Industries by 221.8% during the first quarter. First Trust Advisors LP now owns 2,825,115 shares of the basic materials company’s stock valued at $204,793,000 after purchasing an additional 1,947,268 shares during the period. Norges Bank acquired a new position in shares of CF Industries in the fourth quarter valued at $159,602,000. Finally, Menora Mivtachim Holdings LTD. acquired a new position in shares of CF Industries in the second quarter valued at $93,135,000. 90.63% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
CF has been the subject of a number of analyst reports. UBS Group raised their price objective on shares of CF Industries from $95.00 to $99.00 and gave the stock a “buy” rating in a report on Tuesday, September 26th. Barclays lowered CF Industries from an “equal weight” rating to an “underweight” rating and set a $85.00 price objective on the stock. in a research note on Tuesday, November 14th. Stifel Nicolaus raised their target price on CF Industries from $88.00 to $89.00 and gave the stock a “hold” rating in a research report on Wednesday, October 4th. Mizuho upped their price target on CF Industries from $83.00 to $86.00 and gave the company a “neutral” rating in a research report on Friday, August 4th. Finally, StockNews.com began coverage on shares of CF Industries in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, CF Industries currently has an average rating of “Hold” and an average target price of $92.44.
CF Industries Trading Up 0.1 %
NYSE:CF traded up $0.06 on Monday, hitting $77.52. 448,986 shares of the stock were exchanged, compared to its average volume of 2,508,308. The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.18 and a current ratio of 4.52. CF Industries Holdings, Inc. has a 52 week low of $60.08 and a 52 week high of $109.79. The stock has a market capitalization of $14.81 billion, a price-to-earnings ratio of 7.21, a P/E/G ratio of 1.66 and a beta of 0.98. The company’s 50-day moving average price is $82.21 and its 200 day moving average price is $76.15.
CF Industries (NYSE:CF – Get Free Report) last posted its quarterly earnings results on Wednesday, November 1st. The basic materials company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.17). CF Industries had a return on equity of 25.77% and a net margin of 27.53%. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the firm earned $2.55 earnings per share. The company’s quarterly revenue was down 45.2% on a year-over-year basis. On average, equities research analysts forecast that CF Industries Holdings, Inc. will post 8.06 earnings per share for the current year.
CF Industries Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th will be given a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.60 annualized dividend and a dividend yield of 2.06%. CF Industries’s dividend payout ratio is currently 14.88%.
About CF Industries
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.
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