Andra AP fonden trimmed its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 22.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,500 shares of the basic materials company’s stock after selling 8,200 shares during the quarter. Andra AP fonden’s holdings in CF Industries were worth $1,402,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. North Star Investment Management Corp. purchased a new stake in CF Industries during the third quarter valued at approximately $30,000. Parallel Advisors LLC boosted its holdings in shares of CF Industries by 103.7% in the 3rd quarter. Parallel Advisors LLC now owns 725 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 369 shares during the period. CSat Investment Advisory L.P. increased its position in shares of CF Industries by 27.5% during the 2nd quarter. CSat Investment Advisory L.P. now owns 1,010 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 218 shares during the last quarter. Ibex Wealth Advisors purchased a new stake in CF Industries during the 2nd quarter valued at $51,000. Finally, B & T Capital Management DBA Alpha Capital Management bought a new stake in CF Industries in the third quarter worth $60,000. Hedge funds and other institutional investors own 93.71% of the company’s stock.
Shares of CF stock opened at $44.95 on Wednesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.34 and a quick ratio of 1.10. The company has a market capitalization of $10.05 billion, a P/E ratio of 36.25, a P/E/G ratio of 3.36 and a beta of 0.95. The company’s 50-day simple moving average is $46.42 and its two-hundred day simple moving average is $46.88. CF Industries Holdings, Inc. has a one year low of $38.90 and a one year high of $55.15.
The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date was Thursday, November 14th. CF Industries’s payout ratio is 96.77%.
A number of research analysts have weighed in on CF shares. Royal Bank of Canada cut their price objective on shares of CF Industries from $48.00 to $44.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. ValuEngine cut shares of CF Industries from a “buy” rating to a “hold” rating in a research note on Tuesday. Cowen lifted their price target on shares of CF Industries from $59.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Bank of America upgraded shares of CF Industries from a “neutral” rating to a “buy” rating and set a $56.00 price target on the stock in a report on Monday, November 25th. Finally, Barclays set a $52.00 price objective on shares of CF Industries and gave the stock a “hold” rating in a research report on Friday, November 1st. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. CF Industries has an average rating of “Hold” and a consensus price target of $51.96.
In other news, Director Stephen A. Furbacher sold 3,500 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $47.50, for a total transaction of $166,250.00. Following the transaction, the director now directly owns 49,187 shares in the company, valued at $2,336,382.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Bert A. Frost sold 13,000 shares of CF Industries stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $45.50, for a total transaction of $591,500.00. Following the transaction, the vice president now directly owns 95,072 shares in the company, valued at $4,325,776. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.
CF Industries Company Profile
CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate solution, and ammonium nitrate. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products, as well as compound fertilizer products with nitrogen, phosphorus, and potassium.
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