Oppenheimer & Co. Inc. lowered its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 61.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 75,079 shares of the basic materials company’s stock after selling 122,237 shares during the period. Oppenheimer & Co. Inc.’s holdings in CF Industries were worth $2,640,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also added to or reduced their stakes in the company. Saratoga Research & Investment Management acquired a new position in shares of CF Industries during the 3rd quarter worth approximately $108,000. Ffcm LLC increased its position in shares of CF Industries by 218.4% during the 2nd quarter. Ffcm LLC now owns 4,041 shares of the basic materials company’s stock worth $118,000 after purchasing an additional 2,772 shares during the last quarter. Pacad Investment Ltd. acquired a new position in shares of CF Industries during the 2nd quarter worth approximately $126,000. BT Investment Management Ltd acquired a new position in shares of CF Industries during the 2nd quarter worth approximately $126,000. Finally, Pacer Advisors Inc. boosted its stake in shares of CF Industries by 8.3% during the 2nd quarter. Pacer Advisors Inc. now owns 4,648 shares of the basic materials company’s stock worth $130,000 after acquiring an additional 355 shares during the period.
CF Industries Holdings, Inc. (CF) opened at $37.36 on Wednesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.71 and a quick ratio of 1.51. CF Industries Holdings, Inc. has a fifty-two week low of $25.04 and a fifty-two week high of $39.32.
CF Industries (NYSE:CF) last released its earnings results on Wednesday, November 1st. The basic materials company reported ($0.39) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.35) by ($0.04). CF Industries had a negative return on equity of 2.29% and a negative net margin of 10.95%. The firm had revenue of $870.00 million during the quarter, compared to analysts’ expectations of $733.63 million. During the same period in the prior year, the business earned $0.13 earnings per share. The business’s quarterly revenue was up 27.9% compared to the same quarter last year. research analysts anticipate that CF Industries Holdings, Inc. will post -0.35 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.21%. CF Industries’s dividend payout ratio is currently -65.57%.
In related news, VP Bert A. Frost sold 7,500 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $36.50, for a total transaction of $273,750.00. Following the transaction, the vice president now owns 67,232 shares in the company, valued at approximately $2,453,968. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Stephen A. Furbacher sold 3,500 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $36.00, for a total value of $126,000.00. Following the transaction, the director now owns 50,854 shares in the company, valued at approximately $1,830,744. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.
Several research analysts have recently commented on CF shares. UBS reiterated a “buy” rating and set a $40.00 target price (up from $33.00) on shares of CF Industries in a research note on Wednesday, October 4th. Cowen boosted their price target on CF Industries from $27.00 to $33.00 and gave the company a “market perform” rating in a research note on Wednesday, November 8th. started coverage on CF Industries in a research note on Wednesday, October 11th. They issued a “hold” rating and a $36.30 price target for the company. Zacks Investment Research upgraded CF Industries from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Tuesday, November 14th. Finally, Piper Jaffray Companies set a $28.00 price target on CF Industries and gave the stock a “hold” rating in a report on Friday, October 6th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. CF Industries presently has a consensus rating of “Hold” and a consensus target price of $34.95.
About CF Industries
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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