Dimensional Fund Advisors LP reduced its position in shares of CF Industries Holdings, Inc. (NYSE:CF) by 5.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,691,710 shares of the basic materials company’s stock after selling 197,165 shares during the period. Dimensional Fund Advisors LP owned approximately 1.58% of CF Industries worth $129,792,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in CF. Capital World Investors grew its holdings in CF Industries by 21.4% during the second quarter. Capital World Investors now owns 15,203,728 shares of the basic materials company’s stock worth $425,096,000 after acquiring an additional 2,675,809 shares during the period. Renaissance Technologies LLC purchased a new position in CF Industries in the 2nd quarter worth about $35,108,000. Thrivent Financial For Lutherans increased its stake in CF Industries by 12,161.3% in 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 purchasing an additional 1,042,220 shares in the last quarter. Manning & Napier Advisors LLC increased its stake in CF Industries by 190.0% in the 3rd quarter. Manning & Napier Advisors LLC now owns 1,116,525 shares of the basic materials company’s stock worth $39,256,000 after purchasing an additional 731,525 shares in the last quarter. Finally, W. E. Donoghue & Co. LLC purchased a new position in CF Industries in the 2nd quarter worth about $16,857,000.
A number of equities analysts recently weighed in on CF shares. UBS reissued a “buy” rating and issued a $40.00 price target (up previously from $33.00) on shares of CF Industries in a research note on Wednesday, October 4th. Cowen lifted their price target on CF Industries from $27.00 to $33.00 and gave the stock 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 on the stock. Zacks Investment Research raised CF Industries from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research note on Tuesday, November 14th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $28.00 price target on shares of CF Industries in a research note on Tuesday, September 5th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $34.95.
CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, November 1st. The basic materials company reported ($0.39) 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 business had revenue of $870.00 million for the quarter, compared to analyst estimates of $733.63 million. During the same quarter in the previous year, the business posted $0.13 earnings per share. The company’s revenue was up 27.9% compared to the same quarter last year. equities research analysts anticipate that CF Industries Holdings, Inc. will post -0.35 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 2.92%. CF Industries’s payout ratio is presently -65.57%.
In other news, Director Stephen A. Furbacher sold 3,500 shares of CF Industries stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $36.00, for a total transaction of $126,000.00. Following the completion of the sale, the director now directly owns 50,854 shares in the company, valued at approximately $1,830,744. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Bert A. Frost sold 7,500 shares of CF Industries stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $36.50, for a total value of $273,750.00. Following the sale, the vice president now owns 67,232 shares of the company’s stock, valued at $2,453,968. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.
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CF Industries 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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