Shell Asset Management Co. Acquires 10,498 Shares of CF Industries Holdings Inc. (CF)
Shell Asset Management Co. boosted its stake in CF Industries Holdings Inc. (NYSE:CF) by 95.6% during the second quarter, Holdings Channel reports. The firm owned 21,481 shares of the company’s stock after buying an additional 10,498 shares during the period. Shell Asset Management Co.’s holdings in CF Industries Holdings were worth $518,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently modified their holdings of CF. Denali Advisors LLC acquired a new stake in shares of CF Industries Holdings during the second quarter worth $255,000. Eqis Capital Management Inc. raised its stake in shares of CF Industries Holdings by 23.9% in the second quarter. Eqis Capital Management Inc. now owns 10,729 shares of the company’s stock worth $259,000 after buying an additional 2,071 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of CF Industries Holdings during the second quarter worth $301,000. LS Investment Advisors LLC raised its stake in shares of CF Industries Holdings by 19.9% in the second quarter. LS Investment Advisors LLC now owns 13,769 shares of the company’s stock worth $332,000 after buying an additional 2,281 shares during the period. Finally, Palo Capital Inc. acquired a new stake in shares of CF Industries Holdings during the second quarter worth $386,000. 99.09% of the stock is owned by hedge funds and other institutional investors.
CF Industries Holdings Inc. (NYSE:CF) traded down 2.88% on Friday, hitting $23.95. The company’s stock had a trading volume of 3,901,504 shares. The firm has a 50 day moving average of $24.35 and a 200-day moving average of $27.21. The stock has a market cap of $5.58 billion, a PE ratio of 29.50 and a beta of 1.62. CF Industries Holdings Inc. has a 12 month low of $20.77 and a 12 month high of $54.27.
CF Industries Holdings (NYSE:CF) last announced its earnings results on Wednesday, August 3rd. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.68 by $0.35. CF Industries Holdings had a net margin of 4.55% and a return on equity of 8.04%. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the previous year, the company earned $1.49 EPS. The firm’s revenue for the quarter was down 13.5% on a year-over-year basis. On average, analysts expect that CF Industries Holdings Inc. will post $1.06 earnings per share for the current fiscal year.
CF has been the subject of a number of research reports. Vetr lowered CF Industries Holdings from a “strong-buy” rating to a “buy” rating and set a $29.00 target price for the company. in a research note on Tuesday, July 12th. Morgan Stanley reiterated a “buy” rating and issued a $30.00 price target on shares of CF Industries Holdings in a report on Thursday, June 16th. Credit Suisse Group AG reiterated a “buy” rating on shares of CF Industries Holdings in a report on Friday, August 5th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $28.00 price target on shares of CF Industries Holdings in a report on Friday, August 5th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $32.66.
In other CF Industries Holdings news, Director Robert C. Arzbaecher bought 21,600 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The shares were bought at an average price of $23.25 per share, for a total transaction of $502,200.00. Following the transaction, the director now directly owns 88,443 shares in the company, valued at $2,056,299.75. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.84% of the company’s stock.
CF Industries Holdings Company Profile
CF Industries Holdings, Inc is the manufacturer and distributor of 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 its industrial customers, and compound fertilizer products (NPKs).
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