Stoneridge Investment Partners LLC lowered its stake in CF Industries Holdings, Inc. (NYSE:CF) by 0.2% during the second quarter, Holdings Channel reports. The firm owned 126,850 shares of the basic materials company’s stock after selling 199 shares during the period. Stoneridge Investment Partners LLC’s holdings in CF Industries Holdings were worth $3,547,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Thrivent Financial for Lutherans acquired a new position in shares of CF Industries Holdings during the fourth quarter worth about $258,000. Chevy Chase Trust Holdings Inc. increased its position in shares of CF Industries Holdings by 3.0% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 205,609 shares of the basic materials company’s stock worth $6,035,000 after buying an additional 5,955 shares during the period. CENTRAL TRUST Co increased its position in shares of CF Industries Holdings by 0.7% in the first quarter. CENTRAL TRUST Co now owns 3,667 shares of the basic materials company’s stock worth $107,000 after buying an additional 24 shares during the period. Gulf International Bank UK Ltd increased its position in shares of CF Industries Holdings by 2.0% in the first quarter. Gulf International Bank UK Ltd now owns 72,945 shares of the basic materials company’s stock worth $2,140,000 after buying an additional 1,400 shares during the period. Finally, Gradient Investments LLC acquired a new position in shares of CF Industries Holdings during the first quarter worth about $6,609,000.
Shares of CF Industries Holdings, Inc. (NYSE:CF) opened at 31.88 on Thursday. The stock’s market cap is $7.44 billion. CF Industries Holdings, Inc. has a one year low of $21.23 and a one year high of $37.17. The company’s 50-day moving average price is $29.23 and its 200-day moving average price is $29.71.
CF Industries Holdings (NYSE:CF) last issued its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.18. CF Industries Holdings had a negative return on equity of 0.40% and a negative net margin of 9.98%. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the company posted $0.33 earnings per share. CF Industries Holdings’s revenue was down .9% compared to the same quarter last year. Equities research analysts anticipate that CF Industries Holdings, Inc. will post ($0.70) earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Tuesday, August 15th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.76%. The ex-dividend date is Friday, August 11th. CF Industries Holdings’s payout ratio is currently -75.47%.
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A number of brokerages have issued reports on CF. UBS AG upgraded CF Industries Holdings from a “neutral” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Friday, May 5th. Credit Suisse Group set a $31.00 price objective on CF Industries Holdings and gave the company a “buy” rating in a research note on Sunday, May 28th. Royal Bank Of Canada set a $25.00 price objective on CF Industries Holdings and gave the company a “sell” rating in a research note on Saturday, June 10th. Piper Jaffray Companies restated a “hold” rating on shares of CF Industries Holdings in a research note on Friday, August 4th. Finally, Zacks Investment Research downgraded CF Industries Holdings from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 9th. Four research analysts have rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $32.58.
In related news, VP Bert A. Frost sold 6,400 shares of CF Industries Holdings stock in a transaction on Monday, August 7th. The stock was sold at an average price of $31.53, for a total value of $201,792.00. Following the completion of the sale, the vice president now owns 59,732 shares of the company’s stock, valued at $1,883,349.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.
About CF Industries Holdings
CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizer, and other nitrogen products. The Company’s nitrogen fertilizer products are ammonia, granular urea, urea ammonium nitrate solution (UAN) and ammonium nitrate (AN). Its other nitrogen products include diesel exhaust fluid (DEF), urea liquor, nitric acid and aqua ammonia, which are sold primarily to the Company’s industrial customers, and compound fertilizer products (nitrogen, phosphorus and potassium or NPKs).
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