Rhumbline Advisers boosted its stake in CF Industries Holdings, Inc. (NYSE:CF) by 1.5% in the fourth quarter, Holdings Channel reports. The fund owned 410,335 shares of the basic materials company’s stock after buying an additional 6,104 shares during the quarter. Rhumbline Advisers’ holdings in CF Industries were worth $17,456,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. Delphi Private Advisors LLC acquired a new position in CF Industries in the fourth quarter valued at $144,000. Stuart Chaussee & Associates Inc. acquired a new position in CF Industries in the fourth quarter valued at $144,000. Steward Partners Investment Advisory LLC acquired a new position in CF Industries in the third quarter valued at $183,000. Greenwood Capital Associates LLC acquired a new position in CF Industries in the third quarter valued at $201,000. Finally, Eads & Heald Investment Counsel acquired a new position in CF Industries in the third quarter valued at $206,000.
A number of research analysts have recently issued reports on the stock. Cowen reiterated a “market perform” rating and set a $40.00 price target (up from $33.00) on shares of CF Industries in a research note on Tuesday, February 20th. Stephens set a $43.00 price target on shares of CF Industries and gave the stock a “hold” rating in a research note on Thursday. Royal Bank of Canada set a $37.00 price target on shares of CF Industries and gave the stock a “sell” rating in a research note on Thursday, February 15th. Piper Jaffray Companies set a $44.00 price target on shares of CF Industries and gave the stock a “hold” rating in a research note on Thursday, February 15th. Finally, Zacks Investment Research upgraded shares of CF Industries from a “sell” rating to a “hold” rating in a research note on Friday. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. CF Industries has a consensus rating of “Hold” and a consensus price target of $38.02.
CF Industries (NYSE:CF) last released its quarterly earnings data on Wednesday, February 14th. The basic materials company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.06. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $988.91 million. CF Industries had a net margin of 8.67% and a negative return on equity of 0.92%. The firm’s revenue was up 26.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.39) earnings per share. research analysts expect that CF Industries Holdings, Inc. will post 0.55 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Friday, February 16th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Thursday, February 15th. CF Industries’s dividend payout ratio is currently 78.95%.
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CF Industries Company Profile
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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