Citizens Financial Group Inc. RI purchased a new stake in shares of CF Industries Holdings, Inc. (NYSE:CF – Free Report) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 82,368 shares of the basic materials company’s stock, valued at approximately $10,412,000.
Several other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. bought a new position in CF Industries during the second quarter worth $1,410,607,000. Bank of New York Mellon Corp acquired a new position in CF Industries in the second quarter worth $198,857,000. Bank of America Corp DE bought a new stake in CF Industries during the second quarter valued at $186,353,000. Deutsche Bank AG bought a new stake in CF Industries during the second quarter valued at $157,850,000. Finally, Assenagon Asset Management S.A. increased its stake in CF Industries by 407.5% during the third quarter. Assenagon Asset Management S.A. now owns 1,352,013 shares of the basic materials company’s stock valued at $170,136,000 after purchasing an additional 1,085,612 shares during the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.
CF Industries Trading Up 1.8%
NYSE:CF opened at $120.65 on Friday. The firm has a market capitalization of $18.26 billion, a P/E ratio of 8.94, a P/E/G ratio of 0.23 and a beta of 0.53. The business has a 50 day simple moving average of $123.74 and a 200 day simple moving average of $119.87. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.86 and a quick ratio of 4.32. CF Industries Holdings, Inc. has a 12-month low of $75.42 and a 12-month high of $141.96.
CF Industries (NYSE:CF – Get Free Report) last issued its earnings results on Wednesday, August 5th. The basic materials company reported $4.73 earnings per share for the quarter, missing the consensus estimate of $5.63 by ($0.90). CF Industries had a return on equity of 24.41% and a net margin of 27.12%. The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.45 billion. During the same period in the prior year, the business earned $2.37 earnings per share. CF Industries’s quarterly revenue was up 17.6% on a year-over-year basis. Equities research analysts predict that CF Industries Holdings, Inc. will post 13.90 EPS for the current year.
CF Industries Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $2.40 annualized dividend and a dividend yield of 2.0%. CF Industries’s payout ratio is 17.79%.
Wall Street Analyst Weigh In
A number of analysts have weighed in on CF shares. Scotiabank increased their target price on shares of CF Industries from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Canadian Imperial Bank of Commerce lifted their price target on shares of CF Industries from $125.00 to $133.00 and gave the company a “neutral” rating in a report on Friday. Royal Bank Of Canada decreased their price target on shares of CF Industries from $125.00 to $115.00 and set a “sector perform” rating for the company in a report on Friday, July 17th. Freedom Broker downgraded shares of CF Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 26th. Finally, Sanford C. Bernstein began coverage on shares of CF Industries in a research note on Friday, September 25th. They set an “outperform” rating and a $162.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $121.89.
Get Our Latest Research Report on CF Industries
CF Industries Company Profile
CF Industries Holdings, Inc is a global manufacturer of hydrogen and nitrogen products. The company produces ammonia, granular urea, urea ammonium nitrate, ammonium nitrate and nitric acid, which are used primarily in agricultural fertilizers and a range of industrial applications. CF Industries also supplies products such as diesel exhaust fluid and other nitrogen-based solutions.
The company serves agricultural and industrial customers in North America and internationally. Its manufacturing and distribution operations include facilities in the United States, Canada and the United Kingdom, supported by an extensive logistics and distribution network.
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