Point72 Asset Management L.P. cut its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 67.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,500 shares of the basic materials company’s stock after selling 76,000 shares during the period. Point72 Asset Management L.P.’s holdings in CF Industries Holdings were worth $1,071,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in CF. CENTRAL TRUST Co increased its stake in CF Industries Holdings by 0.7% in the first quarter. CENTRAL TRUST Co now owns 3,667 shares of the basic materials company’s stock worth $107,000 after buying an additional 24 shares during the period. First Mercantile Trust Co. increased its position in shares of CF Industries Holdings by 22.4% in the first quarter. First Mercantile Trust Co. now owns 3,691 shares of the basic materials company’s stock worth $108,000 after buying an additional 676 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of CF Industries Holdings by 3.3% in the first quarter. Pacer Advisors Inc. now owns 4,293 shares of the basic materials company’s stock worth $126,000 after buying an additional 137 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of CF Industries Holdings by 34.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 5,512 shares of the basic materials company’s stock worth $162,000 after buying an additional 1,415 shares during the last quarter. Finally, Ameritas Investment Partners Inc. purchased a new position in shares of CF Industries Holdings during the first quarter worth $164,000.
Shares of CF Industries Holdings, Inc. (NYSE:CF) traded up 4.88% during midday trading on Friday, hitting $32.21. 8,358,466 shares of the stock were exchanged. The stock’s 50-day moving average price is $28.62 and its 200-day moving average price is $29.74. The firm’s market capitalization is $7.52 billion. CF Industries Holdings, Inc. has a 1-year low of $21.05 and a 1-year high of $37.17.
CF Industries Holdings (NYSE:CF) last announced its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.18. CF Industries Holdings had a negative return on equity of 0.40% and a negative net margin of 9.98%. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the prior year, the company earned $0.33 earnings per share. The firm’s revenue was down .9% on a year-over-year basis. On average, analysts forecast that CF Industries Holdings, Inc. will post ($0.38) EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Tuesday, August 15th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend is Friday, August 11th. CF Industries Holdings’s payout ratio is presently -75.47%.
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A number of equities analysts recently weighed in on the stock. UBS AG upgraded shares of CF Industries Holdings from a “neutral” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Friday, May 5th. ValuEngine upgraded shares of CF Industries Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Piper Jaffray Companies restated a “hold” rating on shares of CF Industries Holdings in a report on Friday. Royal Bank Of Canada set a $25.00 target price on shares of CF Industries Holdings and gave the stock a “sell” rating in a report on Saturday, June 10th. Finally, Credit Suisse Group set a $31.00 price objective on shares of CF Industries Holdings and gave the company a “buy” rating in a report on Sunday, May 28th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $32.58.
CF Industries Holdings 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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