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Burney Co. trimmed its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 7.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,385 shares of the basic materials company’s stock after selling 915 shares during the quarter. Burney Co.’s holdings in CF Industries were worth $350,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. raised its stake in shares of CF Industries by 4,740.9% in the 2nd quarter. Bessemer Group Inc. now owns 1,065 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 1,043 shares in the last quarter. Captrust Financial Advisors bought a new position in CF Industries during the 2nd quarter worth approximately $37,000. Optimum Investment Advisors acquired a new position in shares of CF Industries in the 3rd quarter worth approximately $39,000. Bourgeon Capital Management LLC acquired a new position in shares of CF Industries in the 3rd quarter worth approximately $61,000. Finally, Cerebellum GP LLC acquired a new stake in shares of CF Industries during the 3rd quarter valued at approximately $66,000. 88.86% of the stock is owned by institutional investors.
A number of analysts have weighed in on the stock. Stephens raised shares of CF Industries from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $39.00 to $44.00 in a report on Monday, November 23rd. Credit Suisse Group lowered their target price on CF Industries from $40.00 to $37.00 and set an “outperform” rating for the company in a report on Friday, November 6th. Royal Bank of Canada upped their price objective on CF Industries from $30.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Tuesday. HSBC lowered CF Industries from a “buy” rating to a “hold” rating and set a $36.00 target price on the stock. in a research report on Thursday, September 17th. Finally, Morgan Stanley increased their price objective on shares of CF Industries from $32.00 to $38.00 and gave the stock an “equal weight” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $39.21.
Shares of CF Industries stock opened at $37.54 on Friday. The business has a fifty day simple moving average of $33.86 and a 200 day simple moving average of $31.75. CF Industries Holdings, Inc. has a 12 month low of $19.73 and a 12 month high of $48.88. The company has a quick ratio of 1.28, a current ratio of 1.72 and a debt-to-equity ratio of 0.72. The stock has a market cap of $8.03 billion, a PE ratio of 28.44, a price-to-earnings-growth ratio of 5.49 and a beta of 1.30.
CF Industries (NYSE:CF) last released its quarterly earnings results on Monday, November 9th. The basic materials company reported ($0.13) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.20). CF Industries had a net margin of 7.00% and a return on equity of 5.14%. The company had revenue of $847.00 million during the quarter, compared to analyst estimates of $872.61 million. During the same quarter last year, the company earned $0.29 EPS. The firm’s quarterly revenue was down 18.4% compared to the same quarter last year. Analysts expect that CF Industries Holdings, Inc. will post 1.16 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, November 30th. Shareholders of record on Monday, November 16th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend was Friday, November 13th. CF Industries’s dividend payout ratio is 62.18%.
In other news, Director Celso L. White acquired 815 shares of CF Industries stock in a transaction dated Tuesday, November 24th. The stock was bought at an average cost of $38.03 per share, with a total value of $30,994.45. Following the completion of the transaction, the director now directly owns 11,191 shares of the company’s stock, valued at $425,593.73. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.00% of the company’s stock.
CF Industries Profile
CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. Its principal nitrogen fertilizer products include anhydrous ammonia, granular urea, urea ammonium nitrate solution, and ammonium nitrate. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products, as well as compound fertilizer products with nitrogen, phosphorus, and potassium.
Further Reading: Cost of Debt
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