Payden & Rygel Acquires Shares of 205,400 CF Industries Holdings, Inc. (NYSE:CF)

Payden & Rygel acquired a new stake in CF Industries Holdings, Inc. (NYSE:CFGet Rating) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 205,400 shares of the basic materials company’s stock, valued at approximately $21,169,000.

Other large investors also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC grew its stake in shares of CF Industries by 64.3% in the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 142 shares in the last quarter. Commerce Bank grew its stake in shares of CF Industries by 0.9% in the fourth quarter. Commerce Bank now owns 15,854 shares of the basic materials company’s stock valued at $1,122,000 after acquiring an additional 144 shares in the last quarter. IFP Advisors Inc grew its stake in shares of CF Industries by 11.5% in the fourth quarter. IFP Advisors Inc now owns 1,703 shares of the basic materials company’s stock valued at $120,000 after acquiring an additional 175 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of CF Industries by 5.3% in the fourth quarter. Private Advisor Group LLC now owns 3,863 shares of the basic materials company’s stock valued at $273,000 after acquiring an additional 193 shares in the last quarter. Finally, Signaturefd LLC grew its stake in shares of CF Industries by 121.1% in the fourth quarter. Signaturefd LLC now owns 398 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 218 shares in the last quarter. Hedge funds and other institutional investors own 93.00% of the company’s stock.

NYSE CF traded down $2.84 during trading hours on Thursday, reaching $85.74. The company’s stock had a trading volume of 35,616 shares, compared to its average volume of 3,754,062. The firm has a fifty day simple moving average of $97.18 and a 200-day simple moving average of $85.92. The stock has a market cap of $17.89 billion, a P/E ratio of 11.41, a P/E/G ratio of 0.80 and a beta of 1.02. CF Industries Holdings, Inc. has a 52 week low of $43.19 and a 52 week high of $113.49. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.72 and a quick ratio of 1.50.

CF Industries (NYSE:CFGet Rating) last issued its quarterly earnings data on Wednesday, May 4th. The basic materials company reported $4.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $4.21. The business had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.62 billion. CF Industries had a net margin of 19.73% and a return on equity of 35.04%. The firm’s quarterly revenue was up 173.7% on a year-over-year basis. During the same quarter last year, the business earned $0.70 EPS. On average, research analysts expect that CF Industries Holdings, Inc. will post 18.95 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 31st. Investors of record on Monday, May 16th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date was Friday, May 13th. This is a positive change from CF Industries’s previous quarterly dividend of $0.30. CF Industries’s dividend payout ratio (DPR) is 20.62%.

In related news, VP Richard A. Hoker sold 6,684 shares of the firm’s stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $94.90, for a total value of $634,311.60. Following the completion of the transaction, the vice president now owns 45,243 shares in the company, valued at approximately $4,293,560.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.42% of the stock is owned by company insiders.

CF has been the topic of several research reports. Barclays initiated coverage on shares of CF Industries in a research note on Wednesday, June 1st. They issued an “equal weight” rating and a $103.00 price target on the stock. Scotiabank downgraded shares of CF Industries from a “sector outperform” rating to a “sector perform” rating and increased their price objective for the stock from $81.00 to $118.00 in a research note on Monday, March 28th. Consumer Edge downgraded shares of CF Industries from an “overweight” rating to an “equal weight” rating in a research note on Thursday, April 14th. Mizuho increased their price objective on shares of CF Industries from $81.00 to $120.00 in a research note on Friday, April 29th. Finally, Stifel Nicolaus increased their price objective on shares of CF Industries from $68.00 to $78.00 and gave the stock a “hold” rating in a research note on Tuesday, March 1st. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $94.50.

CF Industries Profile (Get Rating)

CF Industries Holdings, Inc manufactures and sells hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities worldwide. Its principal products include anhydrous ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate products. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products; and compound fertilizer products with nitrogen, phosphorus, and potassium.

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Institutional Ownership by Quarter for CF Industries (NYSE:CF)

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