Rappaport Reiches Capital Management LLC trimmed its holdings in CF Industries Holdings, Inc. (NYSE:CF - Free Report) by 23.7% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 9,564 shares of the basic materials company's stock after selling 2,970 shares during the period. Rappaport Reiches Capital Management LLC's holdings in CF Industries were worth $747,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in CF. Curat Global LLC purchased a new position in CF Industries in the first quarter worth approximately $25,000. Mizuho Bank Ltd. acquired a new position in CF Industries during the fourth quarter worth $26,000. Heck Capital Advisors LLC acquired a new position in CF Industries during the fourth quarter worth $34,000. Creative Financial Designs Inc. ADV boosted its holdings in CF Industries by 50.8% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 478 shares of the basic materials company's stock valued at $41,000 after purchasing an additional 161 shares during the period. Finally, Grove Bank & Trust boosted its holdings in CF Industries by 118.5% in the first quarter. Grove Bank & Trust now owns 542 shares of the basic materials company's stock valued at $42,000 after purchasing an additional 294 shares during the period. 93.06% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on CF shares. UBS Group lifted their target price on CF Industries from $79.00 to $82.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Wolfe Research downgraded CF Industries from an "outperform" rating to a "peer perform" rating in a report on Thursday, June 12th. Bank of America raised CF Industries from an "underperform" rating to a "neutral" rating and set a $84.00 price target for the company in a report on Monday, February 24th. Royal Bank Of Canada decreased their price target on CF Industries from $100.00 to $90.00 and set a "sector perform" rating for the company in a report on Tuesday, February 25th. Finally, The Goldman Sachs Group assumed coverage on CF Industries in a report on Thursday, March 13th. They set a "neutral" rating and a $86.00 price target for the company. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, CF Industries presently has an average rating of "Hold" and a consensus target price of $90.21.
View Our Latest Stock Report on CF
CF Industries Price Performance
Shares of NYSE:CF traded down $3.88 during trading on Monday, hitting $96.48. 5,158,834 shares of the stock were exchanged, compared to its average volume of 2,211,389. The company has a fifty day moving average price of $86.46 and a two-hundred day moving average price of $84.39. The company has a market cap of $16.36 billion, a PE ratio of 12.71 and a beta of 0.97. The company has a current ratio of 2.59, a quick ratio of 2.22 and a debt-to-equity ratio of 0.41. CF Industries Holdings, Inc. has a 12-month low of $67.34 and a 12-month high of $104.45.
CF Industries (NYSE:CF - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.47 by $0.38. CF Industries had a return on equity of 17.39% and a net margin of 21.80%. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the previous year, the company earned $1.03 EPS. The company's quarterly revenue was up 13.1% on a year-over-year basis. On average, analysts forecast that CF Industries Holdings, Inc. will post 5.83 EPS for the current year.
CF Industries announced that its board has initiated a share repurchase plan on Wednesday, May 7th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the basic materials company to reacquire up to 14.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board believes its shares are undervalued.
CF Industries Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 15th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date was Thursday, May 15th. CF Industries's payout ratio is currently 26.35%.
About CF Industries
(
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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