State Treasurer State of Michigan lessened its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 7.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 70,825 shares of the basic materials company’s stock after selling 5,800 shares during the period. State Treasurer State of Michigan’s holdings in CF Industries Holdings were worth $2,490,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in CF. Capital World Investors lifted its holdings in CF Industries Holdings by 21.4% during the 2nd quarter. Capital World Investors now owns 15,203,728 shares of the basic materials company’s stock worth $425,096,000 after buying an additional 2,675,809 shares during the last quarter. Renaissance Technologies LLC bought a new position in CF Industries Holdings during the 2nd quarter worth approximately $35,108,000. Thrivent Financial For Lutherans lifted its holdings in CF Industries Holdings by 12,161.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 1,050,790 shares of the basic materials company’s stock worth $29,380,000 after buying an additional 1,042,220 shares during the last quarter. W. E. Donoghue & Co. LLC bought a new position in CF Industries Holdings during the 2nd quarter worth approximately $16,857,000. Finally, MUFG Securities EMEA plc bought a new position in CF Industries Holdings during the 2nd quarter worth approximately $16,077,000.
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In other news, VP Bert A. Frost sold 6,400 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by insiders.
A number of research firms have commented on CF. Piper Jaffray Companies set a $28.00 target price on CF Industries Holdings and gave the stock a “hold” rating in a report on Friday, October 6th. Zacks Investment Research downgraded CF Industries Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. ValuEngine raised CF Industries Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Barclays PLC reduced their target price on CF Industries Holdings from $31.00 to $29.00 and set an “equal weight” rating on the stock in a report on Thursday, July 13th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $28.00 target price (down previously from $31.00) on shares of CF Industries Holdings in a report on Monday, July 10th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. CF Industries Holdings has an average rating of “Hold” and an average price target of $33.81.
CF Industries Holdings (NYSE:CF) last announced its earnings results on Tuesday, October 31st. The basic materials company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.35) by ($0.04). The business had revenue of $870.00 million during the quarter, compared to analyst estimates of $733.63 million. CF Industries Holdings had a negative return on equity of 0.40% and a negative net margin of 9.98%. The firm’s revenue was up 27.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.13 earnings per share.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.16%. The ex-dividend date is Tuesday, November 14th. CF Industries Holdings’s payout ratio is currently -75.47%.
CF Industries Holdings Company Profile
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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