Mitsubishi UFJ Trust & Banking Corp reduced its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 62.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 179,524 shares of the basic materials company’s stock after selling 299,502 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.08% of CF Industries worth $9,773,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CF. Municipal Employees Retirement System of Michigan boosted its position in CF Industries by 96.0% during the second quarter. Municipal Employees Retirement System of Michigan now owns 11,820 shares of the basic materials company’s stock worth $525,000 after purchasing an additional 5,790 shares during the period. Cornerstone Wealth Management LLC bought a new position in CF Industries during the second quarter worth $263,000. Janney Montgomery Scott LLC boosted its position in CF Industries by 55.7% during the second quarter. Janney Montgomery Scott LLC now owns 19,381 shares of the basic materials company’s stock worth $861,000 after purchasing an additional 6,933 shares during the period. Piedmont Investment Advisors LLC bought a new position in CF Industries during the second quarter worth $121,000. Finally, Dupont Capital Management Corp boosted its position in CF Industries by 46.2% during the second quarter. Dupont Capital Management Corp now owns 4,226 shares of the basic materials company’s stock worth $188,000 after purchasing an additional 1,335 shares during the period. Institutional investors own 95.83% of the company’s stock.
In other news, Director Stephen A. Furbacher sold 3,500 shares of the business’s stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $52.45, for a total value of $183,575.00. Following the completion of the sale, the director now owns 50,190 shares of the company’s stock, valued at $2,632,465.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.00% of the company’s stock.
CF Industries (NYSE:CF) last announced its earnings results on Wednesday, October 31st. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.02). The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $993.94 million. CF Industries had a net margin of 16.06% and a return on equity of 3.69%. The company’s revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.39) EPS. As a group, analysts anticipate that CF Industries Holdings, Inc. will post 1.6 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Thursday, November 15th were given a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.82%. CF Industries’s payout ratio is presently -480.00%.
A number of equities analysts have commented on the stock. ValuEngine cut shares of CF Industries from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 15th. Citigroup raised shares of CF Industries from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $56.00 to $60.00 in a research report on Friday, November 2nd. Bank of America raised shares of CF Industries from an “underperform” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Wednesday, October 31st. Morgan Stanley lifted their price objective on shares of CF Industries from $37.00 to $60.00 and gave the stock a “hold” rating in a research report on Wednesday, October 10th. Finally, Cowen lifted their price objective on shares of CF Industries from $60.00 to $68.00 and gave the stock an “outperform” rating in a research report on Thursday, October 4th. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $51.52.
CF Industries Company Profile
CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. The company operates through Ammonia, Granular Urea, UAN, AN, and Other segments. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate.
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