Nomura Asset Management Co. Ltd. boosted its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 6.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,047 shares of the basic materials company’s stock after buying an additional 2,826 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in CF Industries were worth $2,104,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Rational Advisors LLC grew its position in CF Industries by 874.0% during the first quarter. Rational Advisors LLC now owns 711 shares of the basic materials company’s stock valued at $29,000 after buying an additional 638 shares during the period. Ibex Wealth Advisors bought a new position in shares of CF Industries in the second quarter worth approximately $51,000. Signaturefd LLC boosted its position in shares of CF Industries by 37.6% in the first quarter. Signaturefd LLC now owns 1,592 shares of the basic materials company’s stock worth $65,000 after purchasing an additional 435 shares during the period. Meeder Asset Management Inc. bought a new position in shares of CF Industries in the second quarter worth approximately $85,000. Finally, Almanack Investment Partners LLC. bought a new position in shares of CF Industries in the second quarter worth approximately $126,000. Institutional investors own 92.46% of the company’s stock.
Shares of NYSE:CF traded down $0.17 during midday trading on Thursday, reaching $50.48. 102,717 shares of the company were exchanged, compared to its average volume of 1,797,111. The company has a current ratio of 1.43, a quick ratio of 1.15 and a debt-to-equity ratio of 0.72. The business’s fifty day moving average is $49.24 and its two-hundred day moving average is $45.04. CF Industries Holdings, Inc. has a one year low of $38.90 and a one year high of $56.51. The stock has a market cap of $11.21 billion, a PE ratio of 40.71, a price-to-earnings-growth ratio of 3.63 and a beta of 0.92.
CF Industries (NYSE:CF) last issued its earnings results on Wednesday, July 31st. The basic materials company reported $1.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.47. CF Industries had a net margin of 9.67% and a return on equity of 7.22%. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the business earned $0.63 earnings per share. CF Industries’s revenue for the quarter was up 15.5% on a year-over-year basis. As a group, sell-side analysts expect that CF Industries Holdings, Inc. will post 2.35 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, August 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.38%. CF Industries’s dividend payout ratio is 96.77%.
In related news, CFO Dennis P. Kelleher sold 95,243 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $48.21, for a total transaction of $4,591,665.03. Following the completion of the transaction, the chief financial officer now owns 136,117 shares in the company, valued at $6,562,200.57. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Douglas C. Barnard sold 100,500 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $50.74, for a total transaction of $5,099,370.00. Following the transaction, the vice president now owns 37,936 shares of the company’s stock, valued at approximately $1,924,872.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 238,343 shares of company stock valued at $11,786,901. 2.00% of the stock is owned by company insiders.
CF has been the subject of a number of recent analyst reports. Bank of America upgraded shares of CF Industries from an “underperform” rating to a “neutral” rating in a research report on Monday, August 5th. Scotiabank lowered shares of CF Industries from an “outperform” rating to a “sector perform” rating in a research report on Wednesday. ValuEngine upgraded shares of CF Industries from a “hold” rating to a “buy” rating in a research report on Sunday, June 16th. Zacks Investment Research upgraded shares of CF Industries from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Thursday, July 18th. Finally, Cowen set a $59.00 price target on shares of CF Industries and gave the stock a “buy” rating in a research report on Friday, August 9th. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $52.78.
CF Industries Profile
CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate solution, and ammonium nitrate. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products, as well as compound fertilizer products with nitrogen, phosphorus, and potassium.
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