Advisor Group Inc. reduced its position in CF Industries Holdings, Inc. (NYSE:CF) by 6.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,009 shares of the basic materials company’s stock after selling 1,452 shares during the quarter. Advisor Group Inc.’s holdings in CF Industries were worth $851,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Public Employees Retirement Association of Colorado grew its holdings in shares of CF Industries by 3.3% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 46,022 shares of the basic materials company’s stock valued at $1,958,000 after purchasing an additional 1,485 shares during the last quarter. Hermes Investment Management Ltd. lifted its position in shares of CF Industries by 6.2% in the 4th 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. lifted its position in shares of CF Industries by 0.5% in the 4th 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. lifted its position in shares of CF Industries by 0.9% in the 3rd 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 lifted its position in shares of CF Industries by 6.7% in the 4th 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.
CF has been the topic of a number of research reports. TheStreet upgraded shares of CF Industries from a “c+” rating to a “b-” rating in a research report on Friday, March 9th. Sanford C. Bernstein initiated coverage on shares of CF Industries in a research report on Wednesday, February 21st. They set an “outperform” rating on the stock. Royal Bank of Canada set a $37.00 target price on shares of CF Industries and gave the company a “sell” rating in a research report on Thursday, February 15th. Zacks Investment Research downgraded shares of CF Industries from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $40.00 target price (up previously from $35.00) on shares of CF Industries in a research report on Tuesday, February 20th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $38.29.
CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, February 14th. The basic materials company reported ($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.06. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $988.91 million. CF Industries had a net margin of 8.67% and a negative return on equity of 0.92%. CF Industries’s quarterly revenue was up 26.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.39) EPS. equities research analysts forecast that CF Industries Holdings, Inc. will post 0.9 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Friday, February 16th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.25%. CF Industries’s dividend payout ratio (DPR) is presently 78.95%.
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About CF Industries
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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