Standard Life Aberdeen plc grew its stake in shares of CF Industries Holdings, Inc. (NYSE:CF) by 16.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 91,509 shares of the basic materials company’s stock after purchasing an additional 12,860 shares during the quarter. Standard Life Aberdeen plc’s holdings in CF Industries were worth $4,063,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Convergence Investment Partners LLC boosted its stake in shares of CF Industries by 1.2% during the second quarter. Convergence Investment Partners LLC now owns 106,567 shares of the basic materials company’s stock valued at $4,732,000 after purchasing an additional 1,312 shares during the period. Dupont Capital Management Corp lifted its stake in CF Industries by 46.2% in the second quarter. Dupont Capital Management Corp now owns 4,226 shares of the basic materials company’s stock worth $188,000 after acquiring an additional 1,335 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in CF Industries by 4.6% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 32,137 shares of the basic materials company’s stock worth $1,427,000 after acquiring an additional 1,401 shares during the period. DnB Asset Management AS lifted its stake in CF Industries by 6.6% in the second quarter. DnB Asset Management AS now owns 25,945 shares of the basic materials company’s stock worth $1,152,000 after acquiring an additional 1,600 shares during the period. Finally, LPL Financial LLC lifted its stake in CF Industries by 18.0% in the first quarter. LPL Financial LLC now owns 11,570 shares of the basic materials company’s stock worth $437,000 after acquiring an additional 1,761 shares during the period. 99.15% of the stock is owned by hedge funds and other institutional investors.
A number of analysts recently weighed in on CF shares. Scotiabank reaffirmed a “buy” rating and issued a $53.00 price objective on shares of CF Industries in a research note on Friday, August 3rd. Zacks Investment Research raised shares of CF Industries from a “hold” rating to a “strong-buy” rating and set a $57.00 price objective for the company in a research note on Monday, August 6th. Royal Bank of Canada raised shares of CF Industries from an “underperform” rating to a “sector perform” rating and upped their price objective for the stock from $38.00 to $42.00 in a research note on Wednesday, July 18th. ValuEngine raised shares of CF Industries from a “hold” rating to a “buy” rating in a research note on Friday, June 1st. Finally, HSBC raised shares of CF Industries from a “hold” rating to a “buy” rating and set a $36.30 price objective for the company in a research note on Tuesday, August 7th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. CF Industries presently has a consensus rating of “Hold” and a consensus price target of $44.04.
Shares of CF Industries stock opened at $50.95 on Friday. The stock has a market capitalization of $11.96 billion, a price-to-earnings ratio of -203.80, a PEG ratio of 5.99 and a beta of 1.03. The company has a quick ratio of 2.26, a current ratio of 2.80 and a debt-to-equity ratio of 0.74. CF Industries Holdings, Inc. has a one year low of $30.91 and a one year high of $52.07.
CF Industries (NYSE:CF) last announced its earnings results on Wednesday, August 1st. The basic materials company reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.18. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.21 billion. CF Industries had a net margin of 13.94% and a return on equity of 1.82%. The firm’s revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.10 earnings per share. sell-side analysts anticipate that CF Industries Holdings, Inc. will post 1.43 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, August 31st. Shareholders of record on Wednesday, August 15th were issued a $0.30 dividend. The ex-dividend date was Tuesday, August 14th. This represents a $1.20 dividend on an annualized basis and a yield of 2.36%. CF Industries’s dividend payout ratio is presently -480.00%.
CF Industries declared that its Board of Directors has approved a share buyback program on Wednesday, August 1st that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the basic materials company to purchase up to 4.8% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
In other CF Industries news, VP Adam L. Hall sold 20,256 shares of the business’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $48.59, for a total value of $984,239.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen A. Furbacher sold 1,000 shares of the business’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $51.43, for a total transaction of $51,430.00. Following the completion of the transaction, the director now owns 53,690 shares of the company’s stock, valued at $2,761,276.70. The disclosure for this sale can be found here. Insiders sold 40,131 shares of company stock valued at $1,976,560 over the last quarter. 1.00% of the stock is currently owned by corporate insiders.
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, and Other segments. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate.
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