State Street Corp Trims Stake in CF Industries Holdings, Inc. (CF)
State Street Corp cut its holdings in CF Industries Holdings, Inc. (NYSE:CF) by 0.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,470,741 shares of the basic materials company’s stock after selling 2,897 shares during the period. State Street Corp owned about 4.92% of CF Industries Holdings worth $320,725,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Ffcm LLC increased its holdings in shares of CF Industries Holdings by 218.4% in the 2nd quarter. Ffcm LLC now owns 4,041 shares of the basic materials company’s stock worth $118,000 after buying an additional 2,772 shares during the last quarter. Financial Architects Inc increased its holdings in shares of CF Industries Holdings by 22.5% in the 2nd quarter. Financial Architects Inc now owns 4,350 shares of the basic materials company’s stock worth $122,000 after buying an additional 800 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of CF Industries Holdings by 3.3% in the 1st quarter. Pacer Advisors Inc. now owns 4,293 shares of the basic materials company’s stock worth $126,000 after buying an additional 137 shares during the last quarter. Pacad Investment Ltd. bought a new stake in shares of CF Industries Holdings in the 2nd quarter worth about $126,000. Finally, BT Investment Management Ltd bought a new stake in shares of CF Industries Holdings in the 2nd quarter worth about $126,000.
A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of CF Industries Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Piper Jaffray Companies restated a “hold” rating on shares of CF Industries Holdings in a report on Friday, August 4th. Barclays PLC reduced their target price on shares of CF Industries Holdings from $31.00 to $29.00 and set an “equal weight” rating on the stock in a report on Thursday, July 13th. ValuEngine upgraded shares of CF Industries Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Royal Bank Of Canada restated an “underperform” rating and issued a $23.00 target price (down from $25.00) on shares of CF Industries Holdings in a report on Wednesday, July 12th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $32.87.
Shares of CF Industries Holdings, Inc. (NYSE CF) opened at 36.80 on Friday. The stock’s market capitalization is $8.58 billion. The firm has a 50-day moving average of $33.42 and a 200 day moving average of $29.65. CF Industries Holdings, Inc. has a 52-week low of $22.18 and a 52-week high of $37.17.
CF Industries Holdings (NYSE:CF) last announced its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.18. CF Industries Holdings had a negative net margin of 9.98% and a negative return on equity of 0.40%. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the business earned $0.33 earnings per share. The business’s revenue for the quarter was down .9% on a year-over-year basis. Equities research analysts forecast that CF Industries Holdings, Inc. will post ($0.66) EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend is Tuesday, November 14th. CF Industries Holdings’s dividend payout ratio is presently -75.47%.
In other CF Industries Holdings news, VP Bert A. Frost sold 6,400 shares of CF Industries Holdings stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $31.53, for a total transaction of $201,792.00. Following the completion of the sale, the vice president now directly owns 59,732 shares in the company, valued at $1,883,349.96. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by company insiders.
CF Industries Holdings 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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