Candriam Luxembourg S.C.A. Boosts Stake in CF Industries Holdings Inc. (CF)
Candriam Luxembourg S.C.A. increased its stake in CF Industries Holdings Inc. (NYSE:CF) by 28.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,175 shares of the company’s stock after buying an additional 2,030 shares during the period. Candriam Luxembourg S.C.A.’s holdings in CF Industries Holdings were worth $221,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in CF. Aperio Group LLC increased its position in shares of CF Industries Holdings by 3.5% in the first quarter. Aperio Group LLC now owns 64,920 shares of the company’s stock valued at $2,035,000 after buying an additional 2,213 shares during the period. Ngam Advisors L.P. increased its stake in CF Industries Holdings by 9.0% in the first quarter. Ngam Advisors L.P. now owns 32,436 shares of the company’s stock worth $1,017,000 after buying an additional 2,667 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in CF Industries Holdings by 0.9% in the first quarter. TIAA CREF Investment Management LLC now owns 1,205,397 shares of the company’s stock worth $37,777,000 after buying an additional 11,162 shares during the last quarter. Teachers Advisors Inc. increased its stake in CF Industries Holdings by 0.6% in the first quarter. Teachers Advisors Inc. now owns 386,478 shares of the company’s stock worth $12,112,000 after buying an additional 2,196 shares during the last quarter. Finally, BlackRock Group LTD increased its stake in CF Industries Holdings by 1.4% in the first quarter. BlackRock Group LTD now owns 2,088,132 shares of the company’s stock worth $65,442,000 after buying an additional 29,554 shares during the last quarter. Institutional investors own 99.09% of the company’s stock.
Shares of CF Industries Holdings Inc. (NYSE:CF) traded up 0.52% during midday trading on Thursday, hitting $23.04. 6,075,177 shares of the stock traded hands. The company’s 50-day moving average is $24.31 and its 200 day moving average is $27.00. CF Industries Holdings Inc. has a 52 week low of $20.77 and a 52 week high of $54.27. The firm has a market capitalization of $5.37 billion, a PE ratio of 28.37 and a beta of 1.62.
CF Industries Holdings (NYSE:CF) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.33 earnings per share (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 company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the prior year, the firm earned $1.49 EPS. CF Industries Holdings’s quarterly revenue was down 13.5% compared to the same quarter last year. Analysts anticipate that CF Industries Holdings Inc. will post $1.06 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Tuesday, November 15th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 5.21%. The ex-dividend date is Thursday, November 10th. CF Industries Holdings’s dividend payout ratio is currently 148.15%.
A number of analysts have commented on the stock. Credit Suisse Group AG set a $26.00 price target on shares of CF Industries Holdings and gave the company a “buy” rating in a research report on Sunday, September 18th. Morgan Stanley set a $24.00 price target on shares of CF Industries Holdings and gave the company a “hold” rating in a research report on Friday, August 5th. Vetr raised shares of CF Industries Holdings from a “buy” rating to a “strong-buy” rating and set a $29.00 price target on the stock in a research report on Monday, July 25th. Royal Bank Of Canada cut their price target on shares of CF Industries Holdings from $30.00 to $26.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 13th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $28.00 price target on shares of CF Industries Holdings in a research report on Friday, August 5th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $32.71.
In related news, Director Robert C. Arzbaecher purchased 21,600 shares of CF Industries Holdings 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 completion of the transaction, the director now directly owns 88,443 shares of the company’s stock, valued at $2,056,299.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.84% of the company’s stock.
About CF Industries Holdings
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).
Want to see what other hedge funds are holding CF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CF Industries Holdings Inc. (NYSE:CF).
Receive News & Ratings for CF Industries Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CF Industries Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.