United Asset Strategies Inc. reduced its holdings in shares of CF Industries Holdings, Inc. (NYSE:CF) by 12.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,770 shares of the basic materials company’s stock after selling 1,766 shares during the period. United Asset Strategies Inc.’s holdings in CF Industries were worth $347,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Sunbelt Securities Inc. purchased a new stake in CF Industries during the fourth quarter valued at approximately $5,263,000. Huntington National Bank purchased a new stake in shares of CF Industries in the fourth quarter worth $31,000. Exane Derivatives increased its stake in shares of CF Industries by 2,859.6% in the first quarter. Exane Derivatives now owns 1,391 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 1,344 shares in the last quarter. Penserra Capital Management LLC increased its stake in shares of CF Industries by 911.6% in the fourth quarter. Penserra Capital Management LLC now owns 1,396 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 1,258 shares in the last quarter. Finally, CSat Investment Advisory L.P. increased its stake in shares of CF Industries by 105.9% in the fourth quarter. CSat Investment Advisory L.P. now owns 2,092 shares of the basic materials company’s stock worth $100,000 after purchasing an additional 1,076 shares in the last quarter. 94.25% of the stock is owned by institutional investors and hedge funds.
CF has been the subject of a number of research reports. Stifel Nicolaus upped their target price on shares of CF Industries from $30.00 to $32.00 and gave the stock a “hold” rating in a research report on Friday, May 8th. Bank of America lowered shares of CF Industries from a “buy” rating to an “underperform” rating in a research report on Monday, May 11th. Sanford C. Bernstein upgraded shares of CF Industries from an “underperform” rating to a “market perform” rating and set a $35.00 target price for the company in a research report on Monday, March 2nd. Cfra lowered shares of CF Industries from a “buy” rating to a “sell” rating in a research report on Thursday. Finally, TheStreet lowered shares of CF Industries from a “b-” rating to a “c+” rating in a research report on Wednesday, March 18th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. CF Industries currently has an average rating of “Hold” and a consensus price target of $44.44.
CF stock traded down $0.30 during trading on Friday, hitting $27.40. The company had a trading volume of 29,591 shares, compared to its average volume of 2,913,357. The firm has a market capitalization of $5.88 billion, a P/E ratio of 12.91, a PEG ratio of 3.39 and a beta of 1.08. CF Industries Holdings, Inc. has a 52-week low of $19.73 and a 52-week high of $55.15. The company has a 50 day simple moving average of $27.56 and a 200-day simple moving average of $37.78. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.73.
CF Industries (NYSE:CF) last posted its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.08. The company had revenue of $971.00 million for the quarter, compared to the consensus estimate of $924.90 million. CF Industries had a net margin of 10.33% and a return on equity of 8.34%. The firm’s revenue was down 3.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.27 EPS. Sell-side analysts forecast that CF Industries Holdings, Inc. will post 1.35 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.38%. The ex-dividend date of this dividend is Thursday, May 14th. CF Industries’s dividend payout ratio is presently 62.18%.
CF Industries Profile
CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. Its principal nitrogen fertilizer products include 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.
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