Elgethun Capital Management increased its stake in CF Industries Holdings, Inc. (NYSE:CF) by 57.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,404 shares of the basic materials company’s stock after acquiring an additional 8,535 shares during the period. Elgethun Capital Management’s holdings in CF Industries Holdings were worth $654,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the stock. FMR LLC grew its position in CF Industries Holdings by 12.1% in the first quarter. FMR LLC now owns 23,826,054 shares of the basic materials company’s stock worth $699,295,000 after acquiring an additional 2,577,455 shares in the last quarter. Vanguard Group Inc. grew its position in CF Industries Holdings by 3.6% in the first quarter. Vanguard Group Inc. now owns 23,636,563 shares of the basic materials company’s stock worth $693,733,000 after acquiring an additional 817,570 shares in the last quarter. BlackRock Inc. grew its position in CF Industries Holdings by 3,912.4% in the first quarter. BlackRock Inc. now owns 20,034,069 shares of the basic materials company’s stock worth $587,999,000 after acquiring an additional 19,534,765 shares in the last quarter. Alliancebernstein L.P. grew its position in CF Industries Holdings by 3.0% in the first quarter. Alliancebernstein L.P. now owns 4,574,660 shares of the basic materials company’s stock worth $134,266,000 after acquiring an additional 135,012 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in CF Industries Holdings by 23.0% in the first quarter. Dimensional Fund Advisors LP now owns 3,774,341 shares of the basic materials company’s stock worth $110,781,000 after acquiring an additional 705,420 shares in the last quarter.
In other news, VP Bert A. Frost sold 6,400 shares of CF Industries Holdings stock in a transaction on Monday, August 7th. The shares were sold at an average price of $31.53, for a total value of $201,792.00. Following the transaction, the vice president now directly owns 59,732 shares of the company’s stock, valued at approximately $1,883,349.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.
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CF Industries Holdings, Inc. (CF) traded up 1.64% during trading on Friday, reaching $32.89. 4,863,973 shares of the company were exchanged. CF Industries Holdings, Inc. has a 1-year low of $22.00 and a 1-year high of $37.17. The company’s 50-day moving average price is $30.33 and its 200-day moving average price is $28.89. The stock’s market capitalization is $7.67 billion.
CF Industries Holdings (NYSE:CF) last announced its 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. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.06 billion. CF Industries Holdings had a negative net margin of 9.98% and a negative return on equity of 0.40%. The company’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the company posted $0.33 EPS. On average, equities analysts forecast that CF Industries Holdings, Inc. will post ($0.70) EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th were issued a $0.30 dividend. The ex-dividend date was Friday, August 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.65%. CF Industries Holdings’s payout ratio is -75.47%.
Several research analysts recently issued reports on the stock. 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 research report on Saturday, June 10th. Credit Suisse Group set a $31.00 price target on shares of CF Industries Holdings and gave the company a “buy” rating in a research report on Sunday, May 28th. Piper Jaffray Companies restated a “hold” rating on shares of CF Industries Holdings in a research report on Friday, August 4th. BidaskClub upgraded shares of CF Industries Holdings from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Finally, ValuEngine upgraded shares of CF Industries Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. CF Industries Holdings presently has an average rating of “Hold” and a consensus target price of $32.23.
About CF Industries Holdings
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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