Donoghue Forlines LLC acquired a new position in shares of CF Industries Holdings, Inc. (NYSE:CF - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 18,722 shares of the basic materials company's stock, valued at approximately $1,463,000.
Other hedge funds also recently added to or reduced their stakes in the company. Curat Global LLC bought a new stake in CF Industries in the 1st quarter valued at about $25,000. Zions Bancorporation National Association UT bought a new stake in CF Industries in the 1st quarter valued at about $27,000. Golden State Wealth Management LLC lifted its position in CF Industries by 119.8% in the 1st quarter. Golden State Wealth Management LLC now owns 378 shares of the basic materials company's stock valued at $30,000 after purchasing an additional 206 shares during the last quarter. TCTC Holdings LLC raised its position in shares of CF Industries by 114.1% during the 1st quarter. TCTC Holdings LLC now owns 379 shares of the basic materials company's stock worth $30,000 after buying an additional 202 shares in the last quarter. Finally, Heck Capital Advisors LLC bought a new stake in shares of CF Industries during the 4th quarter worth about $34,000. 93.06% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms have commented on CF. Barclays boosted their price target on shares of CF Industries from $91.00 to $95.00 and gave the stock an "equal weight" rating in a research report on Monday, July 7th. Wells Fargo & Company lowered their price objective on shares of CF Industries from $108.00 to $101.00 and set an "overweight" rating on the stock in a research note on Monday. Royal Bank Of Canada set a $100.00 price objective on shares of CF Industries and gave the stock a "sector perform" rating in a research note on Monday, July 14th. UBS Group dropped their target price on shares of CF Industries from $103.00 to $101.00 and set a "neutral" rating on the stock in a research report on Thursday. Finally, Wall Street Zen downgraded shares of CF Industries from a "buy" rating to a "hold" rating in a research report on Saturday. Thirteen equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $94.77.
Read Our Latest Stock Report on CF Industries
CF Industries Stock Up 2.1%
NYSE CF traded up $1.72 during trading on Monday, reaching $82.63. The company's stock had a trading volume of 2,962,888 shares, compared to its average volume of 2,579,584. The company has a current ratio of 3.22, a quick ratio of 2.84 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $13.38 billion, a PE ratio of 10.79 and a beta of 0.94. The business has a 50-day moving average price of $93.67 and a 200-day moving average price of $85.31. CF Industries Holdings, Inc. has a 1-year low of $67.34 and a 1-year high of $104.45.
CF Industries (NYSE:CF - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share for the quarter, topping analysts' consensus estimates of $2.35 by $0.02. CF Industries had a net margin of 20.19% and a return on equity of 17.10%. The business had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $1.73 billion. During the same period in the previous year, the company earned $2.30 earnings per share. CF Industries's revenue for the quarter was up 20.2% on a year-over-year basis. On average, research analysts forecast that CF Industries Holdings, Inc. will post 5.83 earnings per share for the current fiscal year.
CF Industries Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.00 dividend on an annualized basis and a yield of 2.4%. CF Industries's payout ratio is 26.11%.
CF Industries announced that its Board of Directors has initiated a stock buyback plan on Wednesday, May 7th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the basic materials company to reacquire up to 14.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.
Insider Transactions at CF Industries
In related news, EVP Susan L. Menzel sold 10,000 shares of the business's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $100.23, for a total transaction of $1,002,300.00. Following the transaction, the executive vice president owned 87,923 shares of the company's stock, valued at approximately $8,812,522.29. The trade was a 10.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.71% of the company's stock.
CF Industries Company Profile
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Free Report)
CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments.
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