ArrowMark Colorado Holdings LLC reduced its position in CF Industries Holdings, Inc. (NYSE:CF) by 15.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,175 shares of the basic materials company’s stock after selling 2,425 shares during the period. ArrowMark Colorado Holdings LLC’s holdings in CF Industries were worth $560,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado grew its stake in shares of CF Industries by 3.3% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 46,022 shares of the basic materials company’s stock worth $1,958,000 after purchasing an additional 1,485 shares during the period. Hermes Investment Management Ltd. grew its stake in shares of CF Industries by 6.2% during the fourth quarter. Hermes Investment Management Ltd. now owns 25,675 shares of the basic materials company’s stock worth $1,092,000 after purchasing an additional 1,500 shares during the period. APG Asset Management N.V. grew its stake in shares of CF Industries by 0.5% during the fourth quarter. APG Asset Management N.V. now owns 318,685 shares of the basic materials company’s stock worth $11,290,000 after purchasing an additional 1,500 shares during the period. Chevy Chase Trust Holdings Inc. grew its stake in shares of CF Industries by 0.9% during the third quarter. Chevy Chase Trust Holdings Inc. now owns 207,394 shares of the basic materials company’s stock worth $7,292,000 after purchasing an additional 1,903 shares during the period. Finally, Gabelli Funds LLC grew its stake in shares of CF Industries by 6.7% during the fourth quarter. Gabelli Funds LLC now owns 32,000 shares of the basic materials company’s stock worth $1,361,000 after purchasing an additional 2,000 shares during the period. 99.75% of the stock is owned by institutional investors.
A number of equities research analysts recently commented on the company. Zacks Investment Research raised CF Industries from a “sell” rating to a “hold” rating and set a $48.00 price objective for the company in a research note on Friday, February 23rd. Stephens set a $43.00 price objective on CF Industries and gave the stock a “hold” rating in a research note on Thursday, February 22nd. Bank of America cut CF Industries from a “buy” rating to an “underperform” rating and set a $40.00 price objective for the company. in a research note on Thursday. Cowen upgraded CF Industries from a “market perform” rating to an “outperform” rating in a report on Monday, March 5th. Finally, Sanford C. Bernstein began coverage on CF Industries in a report on Wednesday, February 21st. They set an “outperform” rating on the stock. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $38.14.
CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, February 14th. The basic materials company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.06. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $988.91 million. CF Industries had a negative return on equity of 0.92% and a net margin of 8.67%. The company’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.39) earnings per share. sell-side analysts anticipate that CF Industries Holdings, Inc. will post 0.85 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Friday, February 16th were issued a $0.30 dividend. The ex-dividend date was Thursday, February 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.89%. CF Industries’s dividend payout ratio (DPR) is 33.43%.
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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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