Barings LLC increased its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF – Free Report) by 207.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 45,674 shares of the basic materials company’s stock after acquiring an additional 30,820 shares during the quarter. Barings LLC’s holdings in CF Industries were worth $3,532,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in CF. Hantz Financial Services Inc. raised its stake in CF Industries by 46.3% during the 4th quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company’s stock worth $38,000 after buying an additional 156 shares during the period. Stance Capital LLC acquired a new stake in CF Industries during the 3rd quarter worth $42,000. Eagle Bay Advisors LLC acquired a new stake in CF Industries during the 4th quarter worth $43,000. WPG Advisers LLC raised its stake in CF Industries by 69.8% during the 4th quarter. WPG Advisers LLC now owns 552 shares of the basic materials company’s stock worth $43,000 after buying an additional 227 shares during the period. Finally, MUFG Securities EMEA plc acquired a new stake in CF Industries during the 2nd quarter worth $44,000. Institutional investors and hedge funds own 93.06% of the company’s stock.
Insider Buying and Selling at CF Industries
In other news, VP Erik M. Mayer sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $124.69, for a total value of $187,035.00. Following the completion of the transaction, the vice president owned 6,341 shares in the company, valued at $790,659.29. This trade represents a 19.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Bert A. Frost sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $126.00, for a total value of $756,000.00. Following the completion of the transaction, the executive vice president owned 69,472 shares of the company’s stock, valued at $8,753,472. The trade was a 7.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 10,999 shares of company stock valued at $1,381,740 in the last 90 days. 0.51% of the stock is currently owned by company insiders.
CF Industries Stock Performance
CF Industries (NYSE:CF – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $3.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.63 by $1.35. CF Industries had a return on equity of 20.93% and a net margin of 23.73%.The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the business posted $1.85 EPS. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. Equities analysts expect that CF Industries Holdings, Inc. will post 15.84 EPS for the current fiscal year.
CF Industries Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 1.9%. CF Industries’s dividend payout ratio (DPR) is currently 17.97%.
Wall Street Analysts Forecast Growth
Several analysts recently commented on CF shares. Wall Street Zen raised CF Industries from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. UBS Group dropped their price objective on CF Industries from $140.00 to $130.00 in a research note on Friday, May 8th. Freedom Capital raised CF Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. Berenberg Bank lifted their price target on CF Industries from $86.00 to $106.00 and gave the company a “hold” rating in a research note on Thursday, May 28th. Finally, Scotiabank lifted their price target on CF Industries from $115.00 to $120.00 and gave the company a “sector perform” rating in a research note on Monday, May 11th. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $119.00.
Read Our Latest Research Report on CF
CF Industries Profile
CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.
Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.
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