RiverPark Advisors LLC decreased its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 17.7% in the 4th quarter, HoldingsChannel reports. The fund owned 65,200 shares of the basic materials company’s stock after selling 14,000 shares during the period. RiverPark Advisors LLC’s holdings in CF Industries were worth $2,774,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Bank of New York Mellon Corp raised its stake in CF Industries by 8.7% during the fourth quarter. Bank of New York Mellon Corp now owns 6,079,530 shares of the basic materials company’s stock worth $258,623,000 after acquiring an additional 487,200 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of CF Industries by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 2,638,040 shares of the basic materials company’s stock worth $112,002,000 after purchasing an additional 91,806 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of CF Industries by 7.1% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,310,274 shares of the basic materials company’s stock worth $55,740,000 after purchasing an additional 86,586 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of CF Industries by 3.5% during the third quarter. Legal & General Group Plc now owns 1,228,974 shares of the basic materials company’s stock worth $43,202,000 after purchasing an additional 41,138 shares during the last quarter. Finally, Anchor Bolt Capital LP grew its holdings in shares of CF Industries by 68.4% during the fourth quarter. Anchor Bolt Capital LP now owns 1,197,829 shares of the basic materials company’s stock worth $50,956,000 after purchasing an additional 486,606 shares during the last quarter.
Several analysts have recently weighed in on the company. Stephens set a $43.00 price target on CF Industries and gave the stock a “hold” rating in a report on Thursday, February 22nd. Cowen upgraded CF Industries from a “market perform” rating to an “outperform” rating in a report on Monday, March 5th. Bank of America cut CF Industries from a “buy” rating to an “underperform” rating and set a $40.00 price target on the stock. in a report on Thursday. Piper Jaffray Companies set a $44.00 price target on CF Industries and gave the stock a “hold” rating in a report on Thursday, February 15th. Finally, Zacks Investment Research upgraded CF Industries from a “sell” rating to a “hold” rating and set a $48.00 price target on the stock in a report on Friday, February 23rd. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $38.14.
CF Industries (NYSE:CF) last announced its earnings results on Wednesday, February 14th. The basic materials company reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.06. CF Industries had a negative return on equity of 0.92% and a net margin of 8.67%. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $988.91 million. During the same period in the prior year, the business posted ($0.39) earnings per share. The firm’s revenue was up 26.8% on a year-over-year basis. equities analysts anticipate that CF Industries Holdings, Inc. will post 0.85 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Friday, February 16th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend was Thursday, February 15th. CF Industries’s payout ratio is presently 78.95%.
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About CF Industries
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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