Conning Inc. Buys New Stake in CF Industries Holdings, Inc. (CF)

Conning Inc. bought a new position in shares of CF Industries Holdings, Inc. (NYSE:CF) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 5,895 shares of the basic materials company’s stock, valued at approximately $207,000.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of CF Industries Holdings by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 24,160,218 shares of the basic materials company’s stock worth $675,520,000 after buying an additional 523,655 shares during the period. Capital World Investors grew its position in shares of CF Industries Holdings by 21.4% in the 2nd quarter. Capital World Investors now owns 15,203,728 shares of the basic materials company’s stock valued at $425,096,000 after purchasing an additional 2,675,809 shares during the period. Dimensional Fund Advisors LP grew its position in shares of CF Industries Holdings by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,888,875 shares of the basic materials company’s stock valued at $108,724,000 after purchasing an additional 114,534 shares during the period. Tyrus Capital S.A.M. grew its position in shares of CF Industries Holdings by 7.8% in the 2nd quarter. Tyrus Capital S.A.M. now owns 2,815,000 shares of the basic materials company’s stock valued at $78,707,000 after purchasing an additional 204,885 shares during the period. Finally, Glendon Capital Management LP grew its position in shares of CF Industries Holdings by 14.3% in the 2nd quarter. Glendon Capital Management LP now owns 2,619,751 shares of the basic materials company’s stock valued at $73,248,000 after purchasing an additional 327,600 shares during the period.

CF Industries Holdings (NYSE:CF) last announced its earnings results on Wednesday, November 1st. The basic materials company reported ($0.39) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by ($0.04). The company had revenue of $870.00 million for the quarter, compared to analysts’ expectations of $733.63 million. CF Industries Holdings had a negative net margin of 9.98% and a negative return on equity of 0.40%. The firm’s quarterly revenue was up 27.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 EPS.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Wednesday, November 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.16%. CF Industries Holdings’s payout ratio is -75.47%.

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CF has been the subject of a number of recent research reports. Credit Suisse Group set a $30.00 price target on CF Industries Holdings and gave the stock a “hold” rating in a research report on Friday, August 4th. Royal Bank Of Canada reduced their price target on CF Industries Holdings from $25.00 to $23.00 and set an “underperform” rating for the company in a research report on Friday, July 14th. UBS AG reaffirmed a “buy” rating and set a $40.00 price target (up previously from $33.00) on shares of CF Industries Holdings in a research report on Wednesday, October 4th. BidaskClub downgraded CF Industries Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Finally, HSBC Holdings plc initiated coverage on CF Industries Holdings in a research report on Wednesday, October 11th. They set a “hold” rating and a $36.30 price target for the company. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $33.81.

In related news, VP Bert A. Frost sold 6,400 shares of CF Industries Holdings stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $31.53, for a total transaction of $201,792.00. Following the transaction, the vice president now owns 59,732 shares of the company’s stock, valued at $1,883,349.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.00% of the stock is owned by insiders.

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).

Institutional Ownership by Quarter for CF Industries Holdings (NYSE:CF)

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