Oppenheimer & Co. Inc. lowered its stake in shares of CF Industries (NYSE:CF) by 7.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,917 shares of the basic materials company’s stock after selling 4,385 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in CF Industries were worth $2,147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of CF. Platinum Investment Management Ltd. bought a new stake in CF Industries during the fourth quarter valued at about $69,077,000. Cornerstone Capital Management Holdings LLC. boosted its position in CF Industries by 814.1% during the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 832,786 shares of the basic materials company’s stock valued at $35,425,000 after purchasing an additional 741,681 shares in the last quarter. Element Capital Management LLC bought a new stake in CF Industries during the fourth quarter valued at about $24,657,000. Bank of New York Mellon Corp boosted its position 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 valued at $258,623,000 after purchasing an additional 487,200 shares in the last quarter. Finally, Anchor Bolt Capital LP boosted its position in 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 valued at $50,956,000 after purchasing an additional 486,606 shares in the last quarter.
A number of equities research analysts recently weighed in on the company. ValuEngine downgraded CF Industries from a “buy” rating to a “hold” rating in a research report on Monday. Bank of America set a $38.00 price objective on CF Industries and gave the company a “sell” rating in a research report on Friday. TheStreet downgraded CF Industries from a “b-” rating to a “c+” rating in a report on Wednesday, May 2nd. Royal Bank of Canada raised their price target on CF Industries from $37.00 to $38.00 and gave the stock an “underperform” rating in a report on Friday, April 20th. Finally, Citigroup lowered their price target on CF Industries from $45.00 to $40.00 and set a “neutral” rating for the company in a report on Tuesday, April 10th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $38.77.
Shares of NYSE:CF opened at $37.73 on Tuesday. CF Industries has a 52-week low of $25.65 and a 52-week high of $45.00. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.01 and a current ratio of 2.65.
CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, May 2nd. The basic materials company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.10. CF Industries had a negative return on equity of 0.11% and a net margin of 10.96%. The firm had revenue of $957.00 million during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the business posted $0.05 earnings per share. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. analysts predict that CF Industries will post 0.91 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 31st. Stockholders of record on Tuesday, May 15th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend is Monday, May 14th. CF Industries’s payout ratio is -480.00%.
CF Industries Company Profile
CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. The company operates through Ammonia, Granular Urea, UAN, AN, Other, and Phosphate segments. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate.
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