Riverhead Capital Management LLC decreased its position in shares of CF Industries (NYSE:CF) by 23.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,827 shares of the basic materials company’s stock after selling 2,953 shares during the period. Riverhead Capital Management LLC’s holdings in CF Industries were worth $371,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of CF. Platinum Investment Management Ltd. purchased a new stake in CF Industries during the fourth quarter valued at approximately $69,077,000. Massachusetts Financial Services Co. MA raised its holdings in shares of CF Industries by 41.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,780,097 shares of the basic materials company’s stock worth $180,352,000 after buying an additional 1,391,605 shares during the last quarter. Mackay Shields LLC purchased a new position in shares of CF Industries in the first quarter worth $30,773,000. Cornerstone Capital Management Holdings LLC. raised its holdings in shares of CF Industries by 814.1% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 832,786 shares of the basic materials company’s stock worth $35,425,000 after buying an additional 741,681 shares during the last quarter. Finally, Fosun International Ltd purchased a new position in shares of CF Industries in the first quarter worth $22,045,000. 98.48% of the stock is owned by institutional investors.
CF has been the subject of a number of research analyst reports. Cowen raised shares of CF Industries from a “market perform” rating to an “outperform” rating in a report on Monday, March 5th. Sanford C. Bernstein initiated coverage on shares of CF Industries in a report on Wednesday, February 21st. They issued an “outperform” rating for the company. Royal Bank of Canada set a $37.00 price target on shares of CF Industries and gave the stock a “sell” rating in a report on Thursday, February 15th. Scotiabank set a $35.00 price target on shares of CF Industries and gave the stock a “hold” rating in a report on Thursday, February 15th. Finally, Zacks Investment Research raised shares of CF Industries from a “sell” rating to a “hold” rating and set a $48.00 price target for the company in a report on Friday, February 23rd. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $39.71.
NYSE:CF opened at $41.66 on Friday. CF Industries has a 1-year low of $25.65 and a 1-year high of $45.00. The company has a quick ratio of 2.01, a current ratio of 2.65 and a debt-to-equity ratio of 0.70.
CF Industries (NYSE:CF) last released its quarterly earnings data on Wednesday, May 2nd. The basic materials company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.10. The firm had revenue of $957.00 million for the quarter, compared to analyst estimates of $1.05 billion. CF Industries had a net margin of 10.96% and a negative return on equity of 0.11%. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.05 earnings per share. equities analysts predict that CF Industries will post 0.93 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 31st. Stockholders of record on Tuesday, May 15th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, May 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.88%. CF Industries’s payout ratio is currently -480.00%.
In other news, VP Adam L. Hall sold 15,540 shares of the stock in a transaction on Monday, May 14th. The shares were sold at an average price of $40.53, for a total value of $629,836.20. Following the sale, the vice president now owns 39,566 shares in the company, valued at $1,603,609.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by corporate insiders.
CF Industries Profile
CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. The company operates through Ammonia, Granular Urea, UAN, AN, Other, and Phosphate segments. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate.
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